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ECO1002 Semester 2

This class was created by Brainscape user Alex Ojinnaka. Visit their profile to learn more about the creator.

By: Alex Ojinnaka
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Decks in this class (14)

GDP
2 approaches to measuring gdp 1,
3 categories of income 2,
What do households get paid by fi...
5  cards
Aggregate Expenditure
Disposable income equation 1,
Consumption function 2,
Saving function 2 3
11  cards
AD + Expenditure Multiplier
Define the expenditure multiplier 1,
The multiplier sequential events 3 2,
Multiplier function 3
4  cards
AD + AS
4 aggregate production fundamenta...,
Aggregate production function 2,
Which factors are fully utilised ...
3  cards
Aggregate labour market
The economically active 1,
Employment rate 2,
2 costs of unemployment 3
6  cards
Money, Banks and Interest Rates
3 roles of money 1,
M4 2,
Narrow money 3
19  cards
Monetary Policy
Monetary policy definition 1,
The 3 roles of monetary policy 2,
Uk inflation rate target 3
15  cards
Fiscal Policy
Which 2 components of ae does gov...,
Fiscal policy mechanism 2,
Why is the tax multiplier less th...
7  cards
Inflation
Inflation 1,
Inflation 2,
How cpi is constructed 3 3
14  cards
Business cycle
2 phases and 2 turning points in ...,
Potential gdp actual gdp 2,
Keynesians say bc caused by 3
9  cards
Economic Growth
Real gdp 1,
2 labour sources of aggregate out...,
3 causes of aggregate hours chang...
11  cards
International Trade
What is the basis of comparative ...,
When does a country have a compar...,
What does world ppf allow a count...
11  cards
International Finance
Credits 1,
Debits 2,
2 bop 3
20  cards
International Finance 2
Freely moving er 1,
Crawling peg 2,
Fixed peg 3
10  cards

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ECO1002 Semester 2

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