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Jonny Philp
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Decks in this class (14)
1- Major macro issues
Macroeconomic instruments,
Macroeconomic targets,
Accounts in balance of payments
7
cards
2- Circular Flow of Income
Barter economy,
Problem with barter,
Properties of traditional circula...
11
cards
3- Measures of National Income
3 methods of measuring national i...,
3 methods of measuring national i...,
The output method
39
cards
4- Interpreting National Income and Output Methods
Savings equation from national in...,
Sectoral balance equation and how...,
Sectoral balance if s i and t g w...
16
cards
5- Business Cycles and Aggregate Spending
Peak definition,
Recession definition,
Trough definition
44
cards
6- Aggregate Expenditure and the Multiplier
What does the multiplier measure,
What does the simple multiplier m...,
Why is it called the simple multi...
29
cards
7- Net Exports, Equilibrium Income and Economic Policy
Exports,
How are exports treated,
Determinants of export level
27
cards
8- The Aggregate Demand Curve
Difference between ad and ae curve,
Alternative way of determining eq...,
Real wealth
9
cards
9- The determination of wages, prices and supply
Aggregate supply,
Difference between sras and lras,
Short run inputs
10
cards
10- AD/AS model
0
cards
11- Business cycles and unemployment
Why does gdp fluctuate,
Why investment spending rises wit...,
How availability of funds affects...
16
cards
12- Economic Growth
Economic growth definition,
Points to note about measuring gr...,
Adam smith growth approach
4
cards
13- The Evolution, Characteristics & Functions of Money
Result of more money but not an i...,
Nature of money,
Functions of money
16
cards
14- Two models of banking systems
0
cards
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Macroeconomics
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