This class was created by Brainscape user Tom Ritchie.

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Decks in this class (20)

Macro Objectives
Economic growth 1,
Inflation 2,
Unemployment 3
31  cards
Circular Flow of Income
Circular flow of income 1,
National income 2,
National expenditure 3
22  cards
GDP as a measure of welfare + HDI
Income inequality 1,
Size of informal economy 2,
Nature of government spending 3
12  cards
Aggregate Demand
Aggregate demand 1,
Ad equation 2,
Why the ad curve is downward slop...
16  cards
Consumption
Consumption 1,
Factors affecting consumption 2,
Durable goods 3
12  cards
Index Numbers
Index number equation 1,
Percentage change equation 2
2  cards
Unemployment
Unemployment 1,
Uk unemployment stats 2,
Claimant count 3
30  cards
Fiscal Policy
Fiscal policy 1,
Goals of fiscal policy 2,
Government spending and receipts ...
44  cards
Inflation
Inflation 1,
Deflation 2,
Price stability 3
25  cards
Monetary Policy
Functions of money 1,
Aim of monetary policy 2,
Base rate 3
23  cards
Supply-side Policies
Supply side policy 1,
Why they are important 2,
Market orientated policies 3
7  cards
Balance of Payments
Balance of payments 1,
Credit 2,
Debit 3
21  cards
Exchange Rates
What determines value of a curren...,
Factors increasing demand for 2,
Factors increasing supply for 3
22  cards
Specialisation and trade
Specialisation 1,
Absolute advantage 2,
Comparative advantage 3
12  cards
Protectionism
Tariff definition and example 1,
Quota definition and example 2,
Subsidy definition and example 3
8  cards
Patterns of Trade
Global trade patterns 1,
G7 share of global gdp 2,
Trade openness x and m as of gdp 3
12  cards
Trade Blocs and the WTO
Free trade area 1,
Common market 2,
Customs union 3
10  cards
International competitiveness
International competitiveness 1,
How competitiveness is measured 2,
Factors causing a decrease in int...
3  cards
Poverty and inequality
Wealth 1,
Income 2,
Absolute poverty 3
10  cards
Globalisation
Causes of globalisation 1,
Transport costs causing globalisa...,
Communication costs causing globa...
10  cards

More about
Macro Economics A Level

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A Level Economics
  • 50 decks
  • 1987 flashcards
  • 1321 learners
Decks: Section 1 The Economic Problem, Section 2 Competitive Markets, Section 3 Business Economics, And more!