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Decks in this class (24)
Economic Growth
What is economic growth,
What is gross domestic product,
What is nominal gdp
11
cards
Economic growth and standard of living
What is standard of living,
What are other factors that affec...,
What does real gdp per capita mean
12
cards
Inflation
What is inflation,
What is deflation,
What is disinflation
35
cards
Employment and Unemployment
What is the working population,
What is the labour force
32
cards
Balance of Payments
What are the balance of payments,
What are imports,
What are exports
9
cards
Aggregate Demand – Consumption (C) and Savings (S)
What is the formula of ad,
What is consumption,
What is investment
18
cards
Aggregate Demand – Investment (I)
What is depreciation in capital c...,
What is investment,
What is gross investment
18
cards
Aggregate Demand – Government spending (G) and net trade (X-M)
What is government spending,
What is central government,
What is local government
20
cards
National Income
What is national income,
What are the role of households,
What are the role of firms
14
cards
AD curve
Explain the ad curve,
How has the real income effect ca...,
How has the balance of trade effe...
11
cards
Aggregate supply AS – (Neo)Classical
How are movements along the sras ...,
What is short run aggregate supply,
What are shifts in sras on the graph
12
cards
Aggregate supply AS - Keynesian
Explain what the keynesian as cur...,
Show and explain shifts in as wit...,
Show and explain shifts in as whe...
6
cards
Equilibrium levels of real national output
What does equilibrium national in...,
Show increases in ad and sras on ...,
What does equilibrium national in...
6
cards
The Multiplier
What is the multiplier effect,
Explain how the multiplier effect...,
What is the negative multiplier e...
11
cards
Causes of economic growth
What is long run growth,
What is short run growth,
What are factors which cause shor...
12
cards
Output gaps
Show a negative output gap using ...,
Show a negative output gap using ...
7
cards
Trade cycle (the economic or business cycle)
What is the trade cycle,
What does the trade cycle look like,
What is a boom
11
cards
Trade cycle & economic shocks
What are features of a recession,
How is falling real gdp a feature...,
How is rising unemployment a feat...
19
cards
Impact of Economic Growth
What are benefits of economic growth,
How are higher standards of livin...,
How are greater profits for firms...
19
cards
Possible macroeconomic objectives and conflicts
What are the main macroeconomic o...,
What are examples of trade offs b...,
What is the phillips curve and wh...
7
cards
Demand-side policies – fiscal policy
What are demand side policies,
What are fiscal policies,
What are monetary policies
16
cards
Demand-side policies – monetary policy
What is demand side monetary policy,
What is bank base rate,
What is market interest rates
17
cards
Supply side policies - market based
What are supply side policies,
What are main aims of ssps,
What are market based ssps
17
cards
Supply-side policies: interventionist
What are interventionist ssps,
What are ty,
Explain investment in infrastruct...
16
cards
More about
Economics Theme 2 Knowledge Organiser
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