This class was created by Brainscape user sne Buthelezi.

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Decks in this class (18)

Test 1 (W1 - 4)
What is the foreign exchange mark...,
What is an international or reser...,
What are the three functions of a...
42  cards
Test 1 Ultimate Revision
What is the precise definition of...,
What is the key difference betwee...,
Why does gdp have to be a monetar...
101  cards
Labour Markets
What are the three main types of ...,
What is the key characteristic of...,
How is the unemployment rate calc...
35  cards
Keynesian Cross
What is disposable income y_d and...,
What is the consumption function 2,
What is the saving function 3
47  cards
AS-AD Model
What are the key assumptions of t...,
Given autonomous consumption c r2...,
What is the multiplier effect and...
36  cards
Macroeconomic Objectives
What is the key objective of macr...,
What is the primary measure of a ...,
What is a broader alternative mea...
46  cards
Keynesian Cross (shortened)
What is disposable income y_d 1,
What is the consumption function 2,
What is the saving function 3
30  cards
Exam: W1-4
What is the core definition of ec...,
Define opportunity cost and provi...,
What is the key difference betwee...
35  cards
International Trade
What is the fundamental economic ...,
Define comparative advantage usin...,
In the sa namibia example what is...
20  cards
Intro to Development + Inequality
What is the difference between ec...,
What are the three main dimension...,
How does the world bank classify ...
20  cards
Inflation & Monetary Policy
What is the difference between in...,
What is the difference between th...,
What are some common biases in th...
23  cards
Fiscal Policy
What are the three main reasons f...,
What are the two key characterist...,
What is the difference between a ...
23  cards
Macroeconomic Objectives
What are the four primary macroec...,
What are the key limitations of u...,
What is the formula for calculati...
25  cards
AS-AD Model
What are the key assumptions of t...,
What is the equilibrium condition...,
What is the keynesian multiplier ...
25  cards
Keynesian Cross
What are the two key relationship...,
What do mpc and mps stand for and...,
What is the formula for the consu...
25  cards
Labour Markets
What are the three main types of ...,
In a purely competitive labour ma...,
What is the formula for the margi...
25  cards
Balance Of Payments
What is an exchange rate 1,
In the direct quotation method wh...,
What are the three main functions...
25  cards
Financial Markets
What is the definition of money 1,
What are the three main functions...,
What are the three motives for ho...
25  cards

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ECO1011S

  • Class purpose General learning

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