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economics

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

By: Maharny Driver
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Decks in this class (13)

globalisation
What is the definition of globali...,
What are the causes of globalisation,
What are the positives of globali...
24  cards
international competitiveness
What is the definition of interna...,
When are countries said to have i...,
What determines a countries inter...
9  cards
trade
Definition of specialisation,
What is absolute advantage,
What is comparative advantage
25  cards
balance of payments
Definition of balance of payments,
What are credits,
What are debits
21  cards
terms of trade
Defintion,
Calculation,
What is the importance of the ter...
17  cards
exchange rates
Defintion,
What is the foreign exchange market,
What are the methods to determine...
29  cards
foreign investment
Gross foreign debt definition,
Net foreign debt definition,
Australias international investme...
18  cards
business cycle
Definition of the business cycle,
What happens in a boom,
What happens in a downswing
27  cards
consumption function
What is the equation that shows t...,
What is the consumption function ...,
What is the equation for the simp...
31  cards
the multiplier
Definition of the multiplier,
What is the value of the multipli...,
Effect of a change in investment ...
35  cards
aggregate demand/aggregate supply
Definition of aggregate demand,
What does the ad curve show,
Why is the ad curve downward sloping
20  cards
fiscal policy
What is fiscal policy,
What did keynes say about using f...,
What are the purposes of the budget
19  cards
monetary policy
What is monetary policy,
What does monetary policy involve,
What is the aim of monetary policy
22  cards

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economics

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