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Decks in this class (26)

Temporary Flashcard Set
Global financial crisis 2008 1,
2022 uk mini budget 2,
Exchange rate mechanism 3
19  cards
Macroeconomics Important Stuff
Main evaluative point 1,
31 boom 2,
Cons of economic growth 3
9  cards
Macroeconomics Real-World Examples/Events
Oil crises 1,
2022 uk mini budget 2,
Global financial crisis 2008 3
8  cards
Topic 1.1 The objectives of government economic policy
Summary of main macroeconomic obj...,
1 economic growth 2,
Short run economic growth 3
12  cards
Topic 2.1 The Circular Flow of Income
Describe the circular flow of inc...,
Injections 2,
Withdrawals 3
8  cards
Topic 2.2 - 2.4: Aggregate Demand
Aggregate demand 1,
Ad formula components 2,
Why is the ad curve sloped downwa...
14  cards
Topic 2.5 - 2.6 Aggregate Supply
Aggregate supply 1,
Classical vs keyneysian 2,
Sras 3
9  cards
Topic 3.1(a) Economic Cycle
Economic growth 1,
Short run economic growth 2,
Policies to increase short run gr...
21  cards
Topic 3.2 Employment and Unemployment
Unemployment definition 1,
2 ways to measure unemployment 2,
Labour force survey lfs 3
22  cards
Topic 3.3 Inflation and Deflation
Inflation 1,
Deflation 2,
Disinflation 3
28  cards
Topic 3.3 Year 2
The quantity theory of money 1,
What else can mv and pt represent 2,
Monetarists assumptions 3
7  cards
Topic 3.4 The balance of payments on current accounts
Balance of payments 1,
3 sections of the balance of paym...,
Current account surplus 3
10  cards
Topic 3.5 Possible conflicts between macroeconomic policy objectives
Short run phillips curve 1,
Ad right economic growth cause co...,
Ad left 3
3  cards
Topic 4.1 The structure of financial markets and financial assets
Assets and liabilities definition 1,
The functions of money 2,
The money supply narrow broad mon...
13  cards
Topic 4.2 Commercial Banks and Investment Banks
Commercial banks 1,
Investment banks 2,
Modern commercial and investment ...
7  cards
Topic 4.3 Central Banks and Monetary Policy
Monetary policy 1,
Expansionary monetary policy 2,
Contractionary monetary policy 3
15  cards
Topic 4.3 Part 2: More Monetary Policy
Unconventional monetary policy 1,
Quantatative easing definition 2,
How does qe work 3
12  cards
Topic 4.4 The regulation of the financial system
Credit crunch impact 1,
Fsa 2,
3 new regulators 3
8  cards
Topic 5.1 Fiscal Policy
Fiscal policy 1,
Average rate of tax formula 2,
Progressive tax 3
24  cards
Topic 5.2 Supply-Side Policies
Supply side policies 1,
What causes lras to shift to the ...,
Types of supply side policies 3
9  cards
Topic 6.1 Globalisation
Globalisation 1,
Mncs 2,
Main characteristics of globalisa...
6  cards
Topic 6.2 Trade: Ongoing
Absolute vs comparative advantages 1,
Model of comparative advantage 2,
Benefits and cons of free trade 3
13  cards
Topic 6.3 The Balance of Payments: Ongoing
Marshal lerner condition 1,
J curve 2
2  cards
Topic 6.4 Exchange Rate Systems: Ongoing
41 foreign exchange market 1,
Arguments for floating exchange r...
2  cards
Topic 6.5 Economic Growth and Development
Economic development definition 1,
Poverty 2,
Economic growth vs economic devel...
17  cards
Topic 6.5(b) Policies to help Development
Harrod domar model 1,
Market based strategies to promot...,
Government intervention 3
9  cards

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Economics Paper 2

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