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Verity Russell
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Decks in this class (38)
Problems measuring inflation
What are the four problems measur...
1
cards
Characteristics of boom
Name the 5 characteristics of a boom
1
cards
Characteristics of bust
Name the 5 characteristics of a bust
1
cards
Types of government failure
What are the four types of govern...
1
cards
Three assumptions of theory of comparative advantage
1st assumption,
2nd assumption,
3rd assumption
3
cards
Three limitations of theory of comparative advantage
1st limitation,
2nd limitation,
3rd limitation
3
cards
Advantages and Disadvantages of Specialisation and Trade
World output,
International markets,
Price level
3
cards
Characteristics of globalisation
What are the 5 characteristics of...,
Formula for trade to gdp ratio
2
cards
Causes of Globalisation
What are the causes of globalisation
1
cards
Impacts of Globalisation
On individual countries,
On governments,
On producers
6
cards
Factors influencing Terms of Trade
What factors influence the terms ...
1
cards
Consequences of Terms of Trade
What two things are impacted by c...,
Living standards,
Competitiveness
3
cards
Reasons for Restrictions on Trade
What are the reasons for restrict...
1
cards
Influencers on Pattern of Trade
Influencers on pattern of trade
1
cards
Factors Influencing Supply and Demand of Currency
What 6 factors influence the supp...
1
cards
Impact of Changes in Exchange Rate
What is impacted by changes in th...,
What graph relates to this topic
2
cards
Effects of a Competitive Depreciation
What is the possible effect of a ...
1
cards
Real Exchange Rate
What is the formula for the real ...,
What is the definition
2
cards
Measures of International Competitiveness
What are the measures of internat...,
Formula for unit labour costs,
What does unit labour cost tell us
5
cards
Factors Influencing International Competitiveness
What are the factors that influen...,
3 types of non wage cost
2
cards
Poverty
Absolute poverty,
Relative poverty,
Most important factors that influ...
3
cards
Inequality
What is income inequality,
What are the axis for the lorenz ...,
The closer our lorenz curve is to...
7
cards
Development
What are the 5 indicators of deve...,
What three things does the hdi me...,
How are the three things in the h...
14
cards
Development 2
Low productivity,
High costs
2
cards
World Bank, IMF and NGOs
How does the world bank help prom...,
How does the imf help maintain gr...,
How do ngos help maintain growth ...
3
cards
Financial Markets
Saving,
Lending,
Exchange
7
cards
Market Failure in the Financial Sector
What are the 5 types of financial...,
A,
Speculation and market bubbles
6
cards
Taxation
What are the ways of implementing...,
What is progressive tax,
What is regressive tax
13
cards
Public Expenditure
What are the three types of expen...,
Capital expenditure,
Current expenditure
10
cards
Areas Affected by Changes in Public Expenditure
What are the areas affected by ch...,
Productivity and growth,
Living standards and equality
5
cards
Public Sector Finances
What is the better definition for...,
Cyclical deficit,
Structural deficit
4
cards
Impact of National Debt and Budget Deficits
What three things are impacted by...,
Interest rates,
Financial crowding out
4
cards
Savings Gap
Two main reasons for low savings,
What is a savings gap,
What is the problem with firms ha...
6
cards
Problems with GDP
What are the problems with using ...,
What should population size be me...,
What should net property income f...
6
cards
US Response to Great Depression
Fdr first policy,
Fdr first policy,
Fdr first policy
3
cards
UK Response to Great Depression
What was the uk s bad response,
What was the uk s good response
2
cards
US Response to Great Recession
How did us respond to great reces...,
Fiscal policy
2
cards
UK Response to Great Recession
Monetary policy,
Fiscal policy
2
cards
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1. Macro Eco
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