Results are out! Find what you Get quick advice or join the chat
Hey there! Sign in to join this conversationNew here? Join for free to post

The Economics Game

Announcements Posted on
Review your Uni: we’re almost at 10,000 reviews. Our 10,000th will win £100 amazon voucher! 21-09-2015
  1. Offline

    (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

    (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

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

    (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

    Supply side policies
  6. Offline

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


    Economies of Scale - Long-run falling average costs

    which ever one is right
  7. Offline

    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

    Reserve ratio.
  9. Offline

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

    Natural Monopoly
  11. Offline

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

  13. Offline

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

    (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

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

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

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

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

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

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


Submit reply


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.

Today on TSR

You know you're a student when...

What's your defining moment?

What is your opinion about sugar tax?
Quick reply
Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.