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James G
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Decks in this class (27)
Resource Allocation (12)
What is profit in investment terms,
What is the price mechanism,
What are the price functions
10
cards
Macro Objectives (12)
What are the main macroeconomic o...,
The government wants inflation to be,
What is demand pull inflation
21
cards
Macro Theory (12)
What are the 4 sectors of the cir...,
What does the circular flow of in...,
What do households receive from f...
44
cards
D & S In product markets (12)
What is a complement,
What is consumer surplus,
What is cross elasticity
46
cards
Fiscal Policy (12)
What is fiscal policy,
What does higher government spend...,
What are the the purpose of taxes
26
cards
Monetary Policy (12)
What is monetary policy,
Who controls monetary policy in uk,
What is expansionary monetary policy
15
cards
Trade (12)
What is free trade,
What are the benefits of free trade,
3 drawbacks from free trade
22
cards
Market Failure (12)
What is market failure,
What are the types of market failure,
What is a public good
56
cards
Exchange Rates (12)
Define exchange rates,
What is the acronym for a weaker ...,
What is the acronym for a stronge...
22
cards
Labour Markets (12)
What is derived demand,
What is demand for labour,
Factors that affect the demand fo...
37
cards
Economic Development
What is the meaning of economic d...,
Define gdp,
Define gnp
28
cards
Market Structures
What are the different types of c...,
What are normal profits,
What are abnormal profits
59
cards
SRAS & LRAS
Define sras,
Why does the sras curve slope upward,
What is the position of the sras ...
10
cards
International Trade
Define free trade,
What are the advantages of free t...,
What are the disadvantages of fre...
24
cards
Unemployment
Define unemployment,
What is the ons,
What is the ilo
28
cards
Phillips Curve
Define the phillip s curve,
What are the axis on the phillips...,
Define the nairu
11
cards
Costs, Revenues & Profits
Define the law of diminishing ret...,
What is stage 1 of diminishing re...,
What is stage 1 of diminishing re...
21
cards
Growth & Efficiency
Define internal growth,
Define external growth,
Define franchising
30
cards
Inflation
Define cpi,
Define rpi,
Define rpix
24
cards
Deflation
Define deflation,
Define deinflation,
What are the two types of deflation
10
cards
Competition & Privatisation
What is the main aim of competiti...,
Why are governments concerned wit...,
What type of anti competitive pra...
18
cards
Economic Growth
Define actual growth,
Define potential growth,
What macro economic goal has to d...
27
cards
Balance Of Payments
Define bop balance of payments,
What are the 3 accounts,
What does the current account inc...
27
cards
European Union
The european union is a unique pa...,
Define monetary union,
What monetary policy is formed wh...
25
cards
National Debt
Define national debt,
Define a budget deficit,
What does the cyclical budget def...
11
cards
QE & Financial Stability
Define quantitative easing,
How is quantitative easing used,
What are the risks of using qe
13
cards
Exam Technique
What are some ways you can evaluate
1
cards
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Economics
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