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Ben Tanner
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Decks in this class (36)
1. Measuring Macroeconomic Performance - Macro Objectives
What are the governments macro ec...
1
cards
2. Measuring Macroeconomic Performance - Macro Indicators
Why are measures of economic grow...,
What are the 4 different measures...,
What is gdp
11
cards
3. Measuring Macroeconomic Performance - Index Numbers
What are index numbers,
What do changes in index numbers ...,
How are index numbers calculated
4
cards
4. Measuring Macroeconomic Performance - National Income Data
What are the limitations of gdp a...,
What alternatives are there to gd...,
What is hdi and where do the uk r...
6
cards
1. How the Macroeconomy Works - Circular Flow of Income
What is the circular flow of inco...,
What are the two key parts of the...,
How do households and firms inter...
13
cards
2. How the Macroeconomy Works - Aggregate Demand
What is aggregate demand,
Describe the ad diagram,
Why is ad curve downward sloping
27
cards
3. How the Macroeconomy Works - Aggregate Demand & Economic Activity
How does the multiplier effect work,
What are the two types of multipl...,
Illustrate the multiplier effect ...
5
cards
4. How the Macroeconomy Works - Aggregate Supply
What factors will affect the posi...,
If costs of production fall,
If costs of production rise
5
cards
5. How the Macroeconomy Works - Aggregate Demand & Supply Shifts
What are the 4 key effects you sh...
1
cards
1. Economic Performance - Economic Growth, Causes, Costs & Benefits
What causes economic growth in th...,
What causes economic growth in th...,
What are consequences of economic...
3
cards
2. Economic Performance - Economic Growth, Policies to promote it
What did the government need to d...,
What policies could the governmen...,
What are the potential problems w...
5
cards
3. Economic Performance - Economic Cycle
What is the economic cycle and wh...,
For the economic cycle graph what...,
Why does the actual rate of growt...
12
cards
4. Economic Performance - Unemployment, Types & Measures
What is unemployment,
What are the two main types of me...,
What is the labour force survey
20
cards
5. Economic Performance - Unemployment, Costs & Benefits
What are the cost of high unemplo...,
What is hysteresis,
What are the benefits of unemploy...
9
cards
6. Economic Performance - Unemployment, Policies to reduce it
What policy should be used to red...,
What are the potential problems w...,
What policies should the governme...
7
cards
7. Economic Performance - Inflation, Causes & Consequences
What are the two main causes of i...,
What is the demand pull inflation,
How why does demand pull inflatio...
8
cards
8. Economic Performance - Inflation, Measures
What are the two key measures of ...,
What s the difference between rpi...,
What are the seven key steps for ...
6
cards
9. Economic Performance - Deflation, Causes & Consequences
When does deflation occurr in an ...,
Which type of deflation is worse ...,
What are the three main main reas...
4
cards
10. Economic Performance - Quantity Theory of Money
Who came up with the quantity the...,
What is the formula for the quant...,
Why does mv pq
6
cards
11. Economic Performance - Inflation, Policies to reduce it
What policy should the government...,
What up the potential problems wi...,
What policy should the government...
5
cards
12. Economic Performance - Balance of Payments, Current Account
What are the four sections of the...,
What is the current account do,
How is the account balance
5
cards
13. Economic Performance - Budget Deficit, Causes & Consequences
What are the demand side reasons ...,
How does strong domestic growth c...,
How does the recession overseas c...
8
cards
14. Economic Performance - Budget Deficit, Policies to reduce it
What are the four policies the go...,
How will contractionary monetary ...,
What are the potential problems w...
9
cards
15. Economic Performance - Conflicting Macroeconomic Objectives
What is the phillips curve,
What is the short run phillips cu...,
What causes the gradient of the c...
9
cards
1. Macroeconomic Policy - Monetary Policy
What is monetary policy,
Prior to 1997 who made up the mon...,
What are the bank of england
21
cards
2. Macroeconomic Policy - Supply-Side Policies
What are supply side policies,
What are interventionist policies,
What did non interventionist poli...
12
cards
3. Macroeconomic Policy - Fiscal Policy
What is fiscal policy,
How does government spending and ...,
What is public sector borrowing
50
cards
1. Financial Markets & Monetary Policy - Structure of Financial Markets
What is a financial market,
What do financial markets do,
Who are the lenders and borrowers...
33
cards
2. Financial Markets & Monetary Policy - Commercial & Investment Banks
What are commercial banks,
What are the functions of a comme...,
What is the nature of commercial ...
23
cards
3. Financial Markets & Monetary Policy - The Central Bank & Monetary Policy
What is a central bank,
What are the main functions of a ...,
What are the monetary policy func...
28
cards
4. Financial Markets & Monetary Policy - Financial Market Regulation
What are the 4 main regulatory bo...,
What role does the boe play in fm...,
What role does the financial poli...
19
cards
1. The International Economy - Globalisation
What is globalisation,
What are the causes of globalisat...,
What are the causes of globalisat...
17
cards
2. The International Economy - Trade
What are the advantages of intern...,
What is the theory of absolute ad...,
What is the theory of comparative...
34
cards
3. The International Economy - Balance of Payments
What is the balance of payments bop,
What is the bop made up of,
What is the current account made ...
18
cards
4. The International Economy - Exchange Rates
What is the exchange rate,
What market determines the exchan...,
What affects can a change in supp...
31
cards
5. The International Economy - Economic Growth & Development
What is economic growth,
What is economic development,
What is the difference between ec...
28
cards
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Economics - MacroEconomics
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