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Decks in this class (31)
Lesson 2 - Measuring Economic Performance
What are the 4 sectors of the eco...,
How can you measure the economic ...,
How can you measure the economic ...
7
cards
Lesson 3 - GDP
What is gdp,
Why does gdp only account for fin...,
Name the 3 ways in which gdp can ...
14
cards
Lesson 4 - Circular Flow of Income
What does the circular flow demon...,
What are the 4 parts of the circu...,
How do households contribute to t...
11
cards
Lesson 5 - Growth as Change in GDP
What is gdp per capita used for,
How is gdp per capita calculated,
What is real gdp
7
cards
Lesson 6 - Limitations of GDP
What are the 6 limitations of gdp,
Why is the black market a limitat...,
What of the uk economy does the b...
10
cards
Lesson 7 - Inflation
Define inflation,
Define deflation,
Define disinflation
10
cards
Lesson 8 - Causes of Inflation
What are the 3 types causes of in...,
Describe demand pull inflation,
Describe cost push inflation
6
cards
Lesson 9 - Costs of Inflation
Why is inflation beneficial for b...,
Why may inflation be beneficial f...,
What impact does inflation have o...
8
cards
Lesson 10 - Unemployment
Define unemployment,
Define inactive,
Which demographics can be classif...
13
cards
Lesson 11 - Causes Of Unemployment
What are the 4 main causes of une...,
What is cyclical unemployment als...,
What is seasonal unemployment
22
cards
Lesson 12 - Trade
What is trade,
Why do countries trade,
What is the simple process that l...
9
cards
Lesson 12 - Balance of Payments
What are the 2 aspects of the bal...,
What does the current account inv...,
What are the 2 types of flows int...
20
cards
Lesson 13 - Components of AD
What is aggregate demand,
What are the components of aggreg...,
What is found on the x and y axis...
13
cards
Lesson 14 - Consumption + Savings
What is consumption,
What are personal consumer expend...,
What would happen following a dec...
14
cards
Lesson 15 - Investment
What is investment,
Describe uk investment,
What are fixed assets
16
cards
Lesson 16 - Government Expenditure
What is fiscal policy,
Decisions regarding which factors...,
What are the top 5 areas of govt ...
15
cards
Lesson 17 - Net Trade
How will a change in trade affect ad,
How will an increase in trade aff...,
How will an increase in trade aff...
10
cards
Lesson 18 - Aggregate Supply
What is aggregate supply,
Describe as in the short run,
Describe as in the short run
12
cards
Lesson 19 - LRAS
What is a demand side shock,
What is a supply side shock,
What is stagflation
15
cards
Lesson 20 - Income + Wealth
What is income,
What does income consist of,
What is wealth
11
cards
Lesson 20 - Inequality
What are the benefits of inequality,
Why is the incentive effect a ben...,
Why is the trickle down effect a ...
9
cards
Lesson 21 - Equilibrium + Output Gap
When does equilibrium occur,
What are the 3 types of equilibrium,
What is deflationary equilibrium
9
cards
Lesson 21 - Output Gap Continued
What does the output gap suggest ...,
How does a positive gap influence...,
How does a negative gap influence...
8
cards
Lesson 22 - The Multiplier
How does the multiplier work,
How does a leakage from the circu...,
How does the multiplier relate to...
16
cards
Lesson 23 -
0
cards
Lesson 24 - Trade Cycle + Economic Growth
When does a boom occur,
When does a slowdown occur,
When does a recession occur
23
cards
Lesson 25 - Monetary Policy + Demand Management
Which 2 factors influence the val...,
Which 2 factors influence the ava...,
What is monetary policy
15
cards
Lesson 26 - Fiscal Policy + Demand Management
What are the types of fiscal policy,
What is discretionary fiscal policy,
What is automatic fiscal policy
23
cards
Lesson 26 - Fiscal Terms
Balanced budget,
Budget deficit,
Budget surplus
8
cards
Lesson 27 - Supply Side Policies
What is the purpose of supply sid...,
What are the goals of market led ...,
Give 3 examples of market led pol...
13
cards
28 - Policy Conflicts
4 main conflicts,
Fiscal policy,
Monetary policy
10
cards
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Macro 12
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