Economics: Key Concepts

by Finance Desk

16 cards intermediate

The ideas economists reach for daily: supply and demand, GDP, inflation, elasticity, externalities, and market structure.

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What’s inside

What is the value of the next-best alternative you give up when making a choice called?: Opportunity cost
What is a sustained rise in the general level of prices called?: Inflation
What measures the total market value of final goods and services produced within a country in a period?: GDP

16 cards in the full deck, free in the app with spaced repetition doing the scheduling.

The grammar of business finance: the accounting equation, debits and credits, and the three financial statements.

Plain-English definitions of core investing vocabulary: stocks, bonds, yield, liquidity, diversification. Definitions only, no advice.

Free on iOS, with scheduling that remembers exactly which cards you struggle with.

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