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

Decks in this class (24)

1.1 Circular Flow Of Income
What is the circular flow of income,
What is a leakage from the circul...,
What is an injection into the cir...
13  cards
1.2 Aggregate Demand
What is aggregate demand,
What is the equation of aggregate...,
What is consumer spending
27  cards
1.3 Aggregate Supply
What does aggregate supply show,
Why is the as curve upward sloping,
Explain the movements along this ...
17  cards
1.4 The Interaction Of Aggregate Demand And Supply
What are the assumptions made for...,
What assumptions are made about t...,
When does the economy reach a sta...
14  cards
1.5 The Multiplier And The Accelerator
What is meant by the multiplier r...,
What is meant by the multiplier e...,
What is meant by marginal propens...
18  cards
2.1 Economic Growth
Define economic growth,
What is the governments economic ...,
How is short term growth calculat...
28  cards
2.2 Development
What does the primary sector of a...,
What is the primary sector,
What is the secondary sector
27  cards
2.3 Employment
What makes someone unemployed,
What makes someone employed,
What is a governments aim towards...
19  cards
2.4 Inflation
What is inflation,
What is deflation,
What is disinflation
25  cards
2.5 Balance Of Payments
What is the balance of payments,
What are exports,
What are imports
22  cards
2.6 Trends In Macroeconomic Indicators
Explain this graph,
Explain this graph,
Explain this graph
5  cards
2.7 Income Distribution And Welfare
Define wealth,
Define income,
Why is achieving even distributio...
15  cards
2.8 The Phillips Curve
What is meant by the natural rate...,
What does the keynesian long run ...,
Explain the keynesian as curve
8  cards
3.1 Fiscal Policy
What is the government budget com...,
What is a proportional tax,
What is a progressive tax
42  cards
3.2 Monetary Policy
What is monetary policy,
What are the monetary policy inst...,
How do interest rates impact mone...
5  cards
3.3 Supply Side Policy
What are supply side policies,
What happens when deregulating or...,
What are subsidies
11  cards
3.4 Policy Conflicts
What are the potential conflicts ...,
What are the potential conflicts ...,
What are the potential conflicts ...
10  cards
4.2 Exchange Rates
What is a nominal exchange rate,
What is a real exchange rate,
What is a trade weighted exchange...
33  cards
4.1 Intetnational Trade
What is international trade,
Advantages of international trade,
Disadvantages of international trade
3  cards
4.3 Globalisation
What are the characteristics of g...,
What factors have contributed to ...,
What is meant by international co...
15  cards
4.4 Trade Policies And Negotiations
What is protectionism,
What is a tariff and its impact,
Show the diagram for protectionis...
17  cards
5.1 Money And Interest Rates
What are the four functions of money,
What is meant by a medium of exch...,
What is meant by a measure of val...
10  cards
5.2 The Financial Sector
What are financial liquid assets,
What are the roles of the financi...,
Why is a secure and stable financ...
7  cards
5.3 Financial Regulation
What is the role in regulation of...,
What is meant by moral hazards,
What is systematic risk
7  cards

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Macroeconomics

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