This class was created by Brainscape user Aidan Ho. Visit their profile to learn more about the creator.
By:
Aidan Ho
- decks
- flashcards
- learners
Decks in this class (19)
economic problem
Basic economic problem,
Resources can also be known as,
Opportunity cost
3
cards
objectives and circular flow of income
How do you measure price stability,
Define economic growth,
Impacts of low income inequality ...
23
cards
Definitions
Fundamental economic problem,
Scarcity,
Opportunity cost
45
cards
ppf curves
Ppf curve,
Macro ppf curve,
Ppf curve inside vs outside the c...
8
cards
causes of economic growth (long + short)
What is economic growth,
Short run growth,
Aggregate demand equation
7
cards
economic cycle
Macro objective for growth,
Straight up sloping line on graph,
Curvy slopping line on graph
13
cards
costs and benefits of economic growth for living standards
Benefits of growth,
Costs of growth,
Why do we want sustainable growth
5
cards
output gaps
Negative output gap,
Positive output gap,
Ad shifts
3
cards
purchasing power parity
Purchasing power,
Law of one price,
Absolute ppp
5
cards
index numbers + national income data
What are index numbers,
How to calculate an index number,
What is national income
11
cards
macro objectives of government
Indicator for growth,
Indicator for unemployement,
Objective for inflation
8
cards
measures of economic growth and living standards
How does national income statisti...,
How does gdp show living standard...,
Risks of using gdp in living stan...
8
cards
CPI inflation measure
What is inflation,
How does cpi consumer price index...,
How to construct an index
6
cards
Aggregate supplyn + macreeconomic equilibrium
Short run aggregate supply,
What can cost of production chang...,
Supply side shocks how do they occur
22
cards
PED
What does ped mean,
Ped,
When is price elastic
10
cards
micro XED YED
What is ped
1
cards
capital and consumer goods + resources
What are capital goods,
What are consumer goods and services,
What are the three sub divisions ...
9
cards
free market, mixed and command economies
What is a free market,
What is a mixed economy,
What is a command economy
4
cards
consumer spending + saving + investement + government spending + net exports and aggregate demand
What is consumption,
What is aggregate demand,
What is the aggregate demand formula
15
cards
More about
economics oundle (macro)
- Class purpose General learning
Learn faster with Brainscape on your web, iPhone, or Android device. Study Aidan Ho's economics oundle (macro) flashcards now!
How studying works.
Brainscape's adaptive web mobile flashcards system will drill you on your weaknesses, using a pattern guaranteed to help you learn more in less time.
Add your own flashcards.
Either request "Edit" access from the author, or make a copy of the class to edit as your own. And you can always create a totally new class of your own too!
What's Brainscape anyway?
Brainscape is a digital flashcards platform where you can find, create, share, and study any subject on the planet.
We use an adaptive study algorithm that is proven to help you learn faster and remember longer....
Looking for something else?
Economics REVISION 2 (Macro)
- 37 decks
- 644 flashcards
- 35 learners
Decks:
Introducing Macroeconomics, Circular Flow Of Income, Measuring National Income, And more!
economics
- 33 decks
- 948 flashcards
- 1 learners
Decks:
Perfect Competition Imperfectly Competit, Labour Market, Monetary Policy, And more!
Macro/Microeconomics
- 18 decks
- 385 flashcards
- 34 learners
Decks:
Ch 1 Economics The Core Issues, Ch 2 The Us Economy A Global View, Ch 3 Supply And Demand, And more!
Macro Economics
- 36 decks
- 504 flashcards
- 7 learners
Decks:
211 Economic Growth, 212 Inflation, 213 Employment And Unemployment, And more!
