economics spec

HideShow resource information
  • Created by: revise17
  • Created on: 23-03-16 16:43
View mindmap
  • Economics
    • microeconomics
      • scarcity and choice
        • the basic economic problem
        • the market economy
        • opportunity cost
        • specialization and trade
      • how competitive markets work
        • allocation of resources
        • the objective of economic agents
        • supply and demand and the interaction between markets
        • elasticity
        • costs and revenue
        • productive and allocative efficiency
        • economies and diseconomies of scale
      • market failure and government intervention
        • market failure
        • externalities
        • information asymmetries
        • alternative methods of government intervention
        • government failure
    • macroeconomics
      • Economic policy objectives and indicators of macroeconomic performance
        • economic growth
        • employment and unemployment
        • inflation
        • trends in macroeconomic indicators
      • aggregate demand and aggregate supply
        • circular flow of income
        • aggregate demand (AD)
        • aggregate supply (AS)
        • macroeconomic equilibrium
      • the application of policy insrtuments
        • fiscal policy
        • monetary policy
        • supply side policy
        • policy conflicts
      • the global context
        • international trade
        • balance of payments
        • the exchange rate

Comments

No comments have yet been made

Similar Economics resources:

See all Economics resources »See all specification resources »