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Decks in this class (38)
2.1.1 - Economic growth
What is economic growth 1,
What is the difference between no...,
What is the difference between th...
9
cards
2.1.2 - Inflation
What is inflation 1,
What is deflation 2,
What is disinflation 3
13
cards
2.1.3 - Employment and unemployment
What is the claimant count measur...,
What is the labour force survey 2,
Who is classed as economically in...
19
cards
2.1.4 - Balance of payments
What is the balance of payments b...,
What is a current account 2,
What is balance of trade 3
9
cards
2.2.1 - The characteristics of AD
What is the formula for aggregate...,
Which component is typically the ...,
Which component is typically the ...
4
cards
2.2.2 - Consumption (C)
What is disposable income 1,
What is the marginal propensity t...,
What is the marginal propensity t...
6
cards
2.2.3 - Investment (I)
What is gross investment 1,
What is net investment 2,
How does the rate of economic gro...
9
cards
2.2.4 - Government expenditure (G)
What is the main influence on gov...,
What is fiscal policy 2,
How does the age distribution of ...
3
cards
2.2.5 - Net trade (X-M)
How does real income in the domes...,
How do exchange rates influence n...,
How does the state of the world e...
5
cards
2.3.1 - The characteristics of AS
Aggregate supply 1,
What causes a shift of the as cur...,
Define the short run in the conte...
4
cards
2.3.2 - Short-run AS
Why are oil prices particularly s...,
How does a depreciation weakening...,
What is a supply side shock 3
3
cards
2.3.3 - Long-run AS
Why is classical view of lras ver...,
Explain the keynesian horizontal ...,
Explain the keynesian concept of ...
5
cards
2.4.1 - National income
What does the circular flow of in...,
In the simplest two sector model ...,
List the three injections j into ...
8
cards
2.4.2 - Injections and withdrawals
Define an injection j into the ci...,
Define a withdrawal leakage w fro...
2
cards
2.4.3 - Equilibrium levels of real national output
What is ad 1,
What is as 2
2
cards
2.4.4 - The multiplier
What is the multiplier 1,
Describe the multiplier process i...,
State the formula for the multipl...
9
cards
2.5.1 - Causes of growth
How can land as a factor of produ...,
Identify three ways the quantity ...,
Why is improving the quality of l...
8
cards
2.5.2 - Output gaps
Define output gap 1,
What is a positive output gap des...,
What is a negative output gap des...
7
cards
2.5.3 - Trade (business) cycle
Define trade cycle 1,
Define boom 2,
Define recession 3
9
cards
2.5.4 - The impact of economic growth
Identify three benefits of econom...,
Define economic growth 2,
Identify two potential costs of e...
10
cards
2.6.1 - Possible macroeconomic objectives
What is the approximate long run ...,
What is a typical unemployment ra...,
What is the uk s inflation target...
10
cards
2.6.2 - Demand-side policies
Define monetary policy 1,
Define fiscal policy 2,
Define expansionary monetary poli...
16
cards
2.6.3 - Supply-side Policies
What is the primary objective of ...,
Define interventionist supply sid...,
Define market based supply side p...
15
cards
2.6.4 - Conflicts and trade- offs between objectives and policies
Define trade off 1,
Explain the trade off between eco...,
How can economic growth conflict ...
9
cards
4.1.1 - Globalisation
Define globalisation 1,
What four things does globalisati...,
List 4 key factors that have cont...
19
cards
4.1.2 - Specialisation and trade
Define absolute advantage 1,
Define comparative advantage 2,
When will specialisation and trad...
16
cards
4.1.3 - Pattern of trade
How does comparative advantage in...,
Why has there been growth in manu...,
Why might china s comparative adv...
8
cards
4.1.4 - Terms of trade
Define the terms of trade 1,
What is the formula for calculati...,
What causes an improvement in the...
9
cards
4.1.5 - Trading blocs and the World Trade Organisation (WTO)
What is a regional trading bloc 1,
What is a bilateral trade agreeme...,
What is a preferential trading ar...
29
cards
4.1.6 - Restrictions on free trade
What is the infant industry argum...,
Why might the infant industry arg...,
How does protectionism protect jo...
27
cards
4.1.7 - Balance of payments
What is the balance of payments 1,
What does the current account rec...,
What does the capital account rec...
20
cards
4.1.8 - Exchange rates
What is an exchange rate 1,
What is a free floating exchange ...,
Under a floating system what happ...
22
cards
4.1.9 - International competitiveness
What is international competitive...,
Define relative unit labour costs 2,
Define relative export prices 3
18
cards
4.2.1 - Absolute and relative poverty
Define absolute poverty 1,
Define relative poverty 2,
What is the world bank s monetary...
12
cards
4.2.2 - Inequality
What is the difference between we...,
What is income inequality 2,
Why is wealth typically more uneq...
14
cards
4.3.1 - Measures of development
What is human development index h...,
How is the hdi calculated 2,
What are the advantages of using ...
11
cards
4.3.2 - Factors influencing growth and development
What is primary product dependency 1,
Why does primary product dependen...,
Can primary product dependency ev...
20
cards
4.3.3 - Strategies influencing growth and development
How can trade liberalisation prom...,
What is fdi and how does it promo...,
What are the disadvantages of fdi...
24
cards
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Macro Econ
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