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Nikita Saini
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Decks in this class (24)
2.1.1 Economic Growth
Define economic growth,
Define gdp,
Define power purchasing parities
41
cards
2.1.2 Inflation
What is inflation,
How is the rate of inflation meas...,
Calculating inflation
33
cards
2.1.3 Employment and Unemployment
What is unemployment,
How is the unemployment rate calc...,
What is the unemployment level
38
cards
2.1.4 Balance of Payments
What is the balance of payments,
What are the two accounts within ...,
What does the current account con...
18
cards
2.2 Aggregate Demand
What are the 4 components within ...,
Describe the income method of cal...,
What does the diagram for aggrega...
40
cards
2.3 Aggregate Supply
What does short run mean,
What does a short run aggregate s...,
Why does the short run aggregate ...
27
cards
2.4.1 + 2.4.2 National income, Injections and Withdrawals
What is income,
What is wealth,
What are some examples of income
27
cards
2.4.4 Multiplier + Equations
What is the calculation for the m...,
What does the multipler ratio tel...,
What does marginal propensity to ...
19
cards
2.5.2, 2.5.3 the business cycle, output gaps
Draw the business cycle,
Define a recession,
What is a recession
17
cards
2.6.2 Demand side policies
What are the two types of economi...,
What are the side effects of dema...,
What are demand side policies
50
cards
2.6.3 Supply Side policies
What are supply side policies,
Who manages supply side policies,
What are the two types of supply ...
29
cards
conflicts between objectives
What are the 7 macro objective,
What is the conflict between econ...,
Conflict between economic growth ...
20
cards
1.1.1 + 1.1.2 + 1.1.3 + 1.1.4 PPFs,the economic problem, Economics
Why is economics a social science,
Why are models and theories devel...,
What is the need to make assumpti...
48
cards
1.1.5 +1.1.6 Specialisation and Division of labour, types of economies
What is specialisation,
What are the advantages of specia...,
What is the division of labour
46
cards
1.2 Demand
What is the formula for income el...,
What does yed measure income elas...,
What is the yed value for inferio...
60
cards
1.2 Supply
What is supply,
Draw a supply curve,
Define supply
30
cards
1.2.9 Taxes and Subsidies
What is excess supply surplus,
When is there equilibrium,
What is the excess supply demand ...
32
cards
1.2.8 +1.2.10 consumer/producer surplus, consumer behaviour
What are the two assumptions in e...,
What is utility,
Why may consumers not act rationally
21
cards
1.3.2 Externalities
What are negative externalities,
What is social cost social benefits,
What is the price mechnaism
45
cards
1.4 Government Failure and intervention
What are some ways that the gover...,
What is goverment failure,
What are the 4 causes of govermen...
29
cards
macro essay writing
How would you answer 5 markers,
What is the macro objective frame...
8
cards
Micro Essay Writing
What is the general structure on ...,
How would you describe the positi...,
How would you use the quantify fr...
27
cards
Micro Exam Consolidation
Normative and positive,
Supply and demand,
Supply and demand
20
cards
depression and recession
Why did the wall street crash tur...,
Why did commitment to the gold st...,
How did worldwide restrictions on...
10
cards
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AS Economics
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