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MACRO ECONOMICS

This class was created by Brainscape user alessia turner. Visit their profile to learn more about the creator.

By: alessia turner
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Decks in this class (22)

What Is Macroeconomics?
Macroeconomics definition,
The main economic objectives are,
Economic growth
20  cards
National Income
Stock,
Flow,
National output
11  cards
Circular Flow Of Income
Circular flow of income,
Injections,
Withdrawals
13  cards
Components Of Aggregate Demand
8 components of aggregate demand,
Marginal propensity to consume mpc,
Difference between lras and sras
21  cards
The Accelerator
Investment spending,
Saving investment,
Capital investment
11  cards
The Multiplier
Multiplier effect,
Illustrates how,
Example individual increases spen...
23  cards
Economic Growth + Economic Cycle
Economic growth and the ppf,
Economic growth ppf,
Trend rate of growth
24  cards
Employment + Unemployment
Two main measures of unemployment...,
Voluntary unemployment,
Involuntary unemployment
32  cards
Inflation + Deflation
What is the inflation target,
Inflation,
Deflation
26  cards
Central Banks And Monetary Policy
Expansionary monetary policy poli...,
Contractionary monetary policy po...,
Monetary policy
26  cards
Essay Structure
Ao skills,
Structure,
9 marker
6  cards
Fiscal Policy
What is fiscal policy,
The tools of fiscal policy,
Fiscal policy
22  cards
Taxation
Proportional taxation,
3 main categories of tax,
Taxes on income direct taxes
26  cards
Supply Side Policies
Supply side policies,
Supply side policies diagram,
Benefits
36  cards
Fiscal Policy - Budget Deficits + Surpluses
Budget balance,
Budget surplus,
Budget deficit
18  cards
Balance Of Payments
The balance of payments,
The transactions can be broken do...,
The current account
19  cards
Index Numbers
Indexation,
Example,
Calculating growth rates
7  cards
Exchange Rates
Strong weak pound,
Freely floating exchange rates,
Hot money flows
11  cards
Money
Functions of money,
Characteristics of money,
Narrow money
5  cards
Financial Market
0  cards
Growth And Development
Growth vs development,
Growth
5  cards
The Philips Curve
0  cards

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MACRO ECONOMICS

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