1
Q
What is Microeconomics?
A
- The study of what decisions people, governments, and businesses make, regarding how resources are distributed.
2
Q
What is Macroeconomics?
A
- Looks at the economy as a whole, and sees how it is affected by major changes.
- Some major changes can be unemployment, trade growth and price levels.
Economics A Level Macro
flashcards
Decks in class (27)
# Cards
-
Micro vs Macro2
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Introduction to Economics3
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Data in Economics4
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Index Numbers8
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Nature and purpose of economic activity3
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Economic resources6
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Macroeconomic indicators14
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The objectives of government economic policy10
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The UK's fragile foundations13
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Production Possibility Diagrams6
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Growth and uses of national income notes39
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Other macroeconomic indicators13
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Different types of taxes12
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Aggregate Demand15
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Consumption6
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Investment5
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Government Spending and Net Exports4
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The multiplier effect21
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The Characteristics of Aggregate Supply and SRAS10
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Unemployment and Employment20
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Inflation and Deflation20
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Fiscal Policy7
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Supply-side Policy24
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Financial Markets and Monetary Policy8
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All AQA Economics Definitions84
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Financial Markets7
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GDP And Calculations12
