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SEAB GCE A-Level Economics

A-Level · SEABEconomics1339 cards

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Flashcards for Singapore-Cambridge GCE A-Level H2 Economics (9570), split into the syllabus's three themes and then by sub-theme in its order, with larger sub-themes divided by topic. Covers definitions, formulae, diagrams described in words, market failure, policy and trade. Follows the syllabus for exams from 2027.

Adding it gives you your own copy, with every subdeck below. Each card then comes back just before you would forget it, and every one you get right or wrong counts towards your mastery of its topic. You can delete or suspend the parts you are not studying once it is yours.

What is inside (28 subdecks)

  • Theme 1 The central economic problem96 cards
    • 1.1 Scarcity as the Central Economic Problem96 cards
      • 1.1.1 Scarcity, choice and resource allocation63 cards
      • 1.1.2 Decision-making of economic agents33 cards
  • Theme 2 Markets728 cards
    • 2.1 Price mechanism and its applications256 cards
      • 2.1.1 Price mechanism and its functions25 cards
      • 2.1.2 Demand and supply100 cards
      • 2.1.2 Elasticities of demand and supply84 cards
      • 2.1.3 Government intervention in markets47 cards
    • 2.2 Firms and decisions274 cards
      • 2.2.1 Objectives of firms40 cards
      • 2.2.2 Cost and revenue87 cards
      • 2.2.3 Market structures and firms' strategies147 cards
    • 2.3 Microeconomic objectives and policies198 cards
      • 2.3.1 Governments' microeconomic objectives45 cards
      • 2.3.2 Market failure and its causes86 cards
      • 2.3.3 Microeconomic policies67 cards
  • Theme 3 The national and international economy515 cards
    • 3.1 Introduction to macroeconomics128 cards
      • 3.1.1 Circular flow of income26 cards
      • 3.1.2 Aggregate demand and aggregate supply102 cards
    • 3.2 Macroeconomic objectives and policies282 cards
      • 3.2.1 Standard of living and macroeconomic indicators81 cards
      • 3.2.2 Macroeconomic issues99 cards
      • 3.2.3 Macroeconomic policies102 cards
    • 3.3 Globalisation and the international economy105 cards
      • 3.3.1 Globalisation, international trade and economic co-operation105 cards

Some of its cards

  • Globalisation
    The increased trade of goods and services, and flows of capital and labour, between countries
  • A measure of the responsiveness of quantity demanded to a change in the price of the good
    Price elasticity of demand (PED)
  • Economic growth
    An increase in the real output of goods and services in an economy over time
  • What is the objective of a rational consumer?
    To maximise utility, or satisfaction
  • The quantity of a good or service that consumers are willing and able to buy at each price over a period of time
    Demand
  • The level of material and non-material well-being of the people in a country
    Standard of living
  • Which four market structures do economists classify?
    Perfect competition, monopolistic competition, oligopoly and monopoly
  • What is the aim of microeconomic policy?
    To improve efficiency and equity
  • Price mechanism
    The system in which the interaction of buyers and sellers sets prices, which then allocate resources in a market economy
  • Short run (economics)
    A period in which at least one factor of production is fixed

And 1329 more once you add the deck.