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B

Basic Concepts-Central Ideas (demo)

Basic Concepts-Resources (FOP) (demo)

Business Growth

Business Units and Finance

Business-Internal Organisation

Business-Producers & Sectors of the Economy

Business-Relationship Between Firms

C

Circular Flow Model- Basics (Two sector)

Circular Flow Model-Full Model

D

Demand-Basics Concepts

Demand-Conditions/Shifts

Demand-Types of Goods & Services

M

Market Equilibrium-Basics

Market Equilibrium-Price/Output changes (Basics)

P

Price Competition & Non-Price Competition

Price Controls-Maximum Price (demo)

Price Controls-Minimum Price

Production & the Production Process

S

Sales Tax and the Market

Subsidy and the Market

Supply-Basics Concepts

Supply-Conditions/Shifts

Glossary of Terms

Each Glossary Term relates to a parent topic above.

A

Accounting Industry

Advantage of a subsidy

Advantages of a company

Advantages of a maximum price

Advantages of a partnership

Advantages of a sole trader

Advantages of centralised management

Advantages of decentralised management

Advantages of price competition/non price competition

B

Black market & a maximum price

Business Finance

Business Units

C

Calculations & a maximum price

Calculations & a minimum price

Capital Intensive

Capital Resources

Ceiling Price

Centralised Management

Ceteris Paribus

Choice

Co-operatives

Companies

Complements

Conspicuous consumption

Consumer

Consumer Demand

Consumption spending-the two sector model

Cost to Government of a Subsidy

Costs of Production

D

Debentures

Decentralised Management

Decrease in quantity demanded

Decrease in quantity supplied

Demand

Demand schedule

Derived demand

Determinants of Demand

Determinants of Supply

Disadvantage of decentralised management

Disadvantages of a company

Disadvantages of a partnership

Disadvantages of a sole trader

Disadvantages of centralised management

Discretionary income

Disdvantage of a subsidy

Distinguishing between price & cost

Diversification

Division of Labour (DOL)

E

Economic Goods

Entrepreneur

Environmental goal

Equilibrium

Excess Demand

Excess Supply

External finance for a business

F

Factors of Production

Features of a demand schedule

Financial Industry

Financial Intermediaries

Firms Sector

Floor Price

Foreign Sector

Free Goods

G

Giffen good

Goals of a Firm

Goods

Government Sector

Government Tax Revenue

H

Hire Purchase

Horizontal Integration

Household Sector

Household-the two sector model

How to calculate the value of consumer spending

How to construct a demand schedule

How to derive market demand

How to derive market supply

How to illustrate a per unit sales tax

How to illustrate a per unit subsidy

How to illustrate a price change on a demand curve

How to illustrate a price change on a supply curve

Human Resources

I

Impact of a subsidy on consumers

Impact of a subsidy on producers

Impact of an indirect tax on consumers

Impact of an indirect tax on producers

Improving productivity

Improving productivity-Division of labour

Improving productivity-Specialisation

Increase in quantity demanded

Increase in quantity supplied

Indirect Tax

Individual demand

Inferior Goods

Injections

Interdependence

Interdependence-the two sector model

Interest

Interest-reward for capital resources

Internal finance for a business

Investment-the two sector model

L

Labour Intensive

Law of Demand

Law of Supply

Leakages

Limited Liability

Limited Means

Loss leader

Luxuries

M

Market Demand

Market Supply

Marketing Industry

Maximum Price Control

Merger

Minimum Price Control

Money flows-two sector model

Movements along a Demand Curve

Movements along a Supply Curve

N

Natural Resources

Necessities

Non-Price Competition

Non-Renewable Resources

O

Opportunity Cost

Organisational Chart for a Firm

P

Partnerships

Price Competition

Price per unit a firm receives with a sales tax

Price per unit a firm receives with a subsidy

Price Wars

Primary Sector

Principles of delegation

Producer

Producer-the two sector model

Product Differentiation

Production

Productivity

Profit

Profit-reward for entrepreneurship

R

Real flows-two sector model

Reasons for a maximum price

Reasons for a minimum price

Related Goods

Renewable Resources

Rent

Rent-reward for natural resources

Resources

Retained Profits

S

Satisficing

Savings-the two sector model

Scarcity

Secondary Sector

Service

Shifts of the Demand Curve

Shifts of the Supply Curve

Shortage

Social goal of a business

Sole Trader

Specialisation

Strategies that a firm can use to increase its market share or increase sales

Subsidy

Substitutes

Supply

Supply schedule

Surplus

T

Takeover

Tertiary Sector

The basic economic problem

The real cost of a decision

Trade Credit

Transport Industry

U

Unlimited Liability

V

Vertical Integration

W

Wages

Wages-reward for human resources

Wants

Where will a market clear

Why can individuals not have everything they want

Why is demand limited and wants unlimited

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