Results are out! Find what you need...fast. Get quick advice or join the chat
x

Unlock these great extras with your FREE membership

  • One-on-one advice about results day and Clearing
  • Free access to our personal statement wizard
  • Customise TSR to suit how you want to use it

The Economics Game

Announcements Posted on
Rate your uni — help us build a league table based on real student views 19-08-2015
  1. Offline

    ReputationRep:
    (Original post by danny111)
    Frictional Unemployment - unemployment due to job search times between jobs
    Trough:employment, prices, and output are at bottom level
  2. Offline

    ReputationRep:
    (Original post by franzk)
    Recession - 2 quarters (6 months) of negative growth
    Oppurtunity Cost: the alternative use with the highest value of resources
  3. Offline

    ReputationRep:
    Supply - Goods and services being provided by participants in the market
  4. Offline

    ReputationRep:
    (Original post by Patriot Rich)
    Supply - Goods and services being provided by participants in the market
    Liabilities: debts owed by a firm, household, or gov't.
  5. Offline

    ReputationRep:
    Supply side policies
  6. Offline

    ReputationRep:
    Satisficing - when a firm balances out all of its objectives in an attempt to keep all stakeholders happy

    OR

    Economies of Scale - Long-run falling average costs

    which ever one is right
  7. Offline

    ReputationRep:
    Laissez-Faire: (18th cent., I know) 'to allow to do'; when the gov't has no say in the economy with the exception of being a consumer of private firms' commodoties.
  8. Offline

    ReputationRep:
    Reserve ratio.
  9. Offline

    ReputationRep:
    Inflation: increase of prices/goods/services
  10. Offline

    ReputationRep:
    Natural Monopoly
  11. Offline

    ReputationRep:
    Liquidity: when an asset is able to be converted into money
  12. Offline

    ReputationRep:
    tax
  13. Offline

    ReputationRep:
    Aggregate Supply - Total output of good and services in an economy
  14. Offline

    ReputationRep:
    (Original post by franzk)
    Aggregate Supply - Total output of good and services in an economy
    Longevity - One of the factors measured when calculating HDI.
  15. Offline

    ReputationRep:
    True Cost Economics - An economic model that includes the cost of negative externalities into the pricing of goods and services.
  16. Offline

    ReputationRep:
    Consumer Price Index - A measure of inflation.
  17. Offline

    ReputationRep:
    Equilibrium - state of balance with no incentive to change
  18. Offline

    ReputationRep:
    Utility - level of enjoyment an individual gets from choosing from a combination of goods
  19. Offline

    ReputationRep:
    Trade - The exchange of goods/services.
  20. Offline

    ReputationRep:
    Democratic Mixed Capitalism: foundation of multiparties democracy and various types of capitalist ownerships

Reply

Submit reply

Register

Thanks for posting! You just need to create an account in order to submit the post
  1. this can't be left blank
    that username has been taken, please choose another Forgotten your password?
  2. this can't be left blank
    this email is already registered. Forgotten your password?
  3. this can't be left blank

    6 characters or longer with both numbers and letters is safer

  4. this can't be left empty
    your full birthday is required
  1. By joining you agree to our Ts and Cs, privacy policy and site rules

  2. Slide to join now Processing…

Updated: June 15, 2012
TSR Support Team

We have a brilliant team of more than 60 Support Team members looking after discussions on The Student Room, helping to make it a fun, safe and useful place to hang out.

New on TSR

Rate your uni

Help build a new league table

Poll
How do you read?
Quick reply
Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.