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

Decks in this class (23)

1.1 circular flow of income
Definition of ad,
Three injections into the economy,
Three leakages out the economy
4  cards
1.2 AD
Definition of ad,
Definition of pl,
What is an increase in the pl kno...
26  cards
1.3 AS
Definition of as,
Definition of sras,
What causes a shift in the sras c...
10  cards
1.4- interaction of AD + AS
Macroeconomic indicators,
Examples of macroeconomic indicators
2  cards
1.5- the multiplier
What is the multiplier,
What economics theory does the mu...,
What happens if government undere...
9  cards
2.1- economic growth
What is economic growth,
Methods of calculating gdp,
Output approach
20  cards
2.2- economic development
Economic development,
Primary sector,
Secondary sector
12  cards
2.3 - employment
Employment,
Unemployment,
Working population
27  cards
2.4 - inflation
Inflation,
Disinflation,
Deflation
10  cards
2.5 - balance of payment
Bop,
Inflow,
Outflow
17  cards
2.7 - income distribution / welfare
Income,
Income distribution,
Income inequality
10  cards
2.8 - rates of unemployment
Natural rate of unemployment,
Non accelerating inflation rate o...,
Stagflation
5  cards
3.1 - fiscal policy
Government budget,
Budget surplus,
Budget deficit
24  cards
3.2 - monetary policy
Aims of monetary policy,
Monetary policy tools,
Inflation targets
9  cards
3.5 - supply side policies
Supply side policies,
Types of ssps,
Interventionalist ssp
16  cards
4.1 - International Trade
International trade,
Patterns of trade,
Uk patterns of trade
5  cards
4.2 - exchange rates
Exchange rate,
Depreciation in er,
Appreciation in er
12  cards
4.3 - globalisation
Globalisation def,
Factors promoting globalisation,
Strengths of globalisation
18  cards
4.4 - trade policies + negotiations
Protectionism,
Tariff,
Quota
18  cards
5.1 - money + interest rates
Functions of money must be,
Characteristics of money,
Money supply
11  cards
5.2 - financial sector
Why is the fs important for devel...,
Harrod domar model states econ de...,
Higher savings
10  cards
5.3 - financial regulation
Role of the cb,
Banker to gov,
Implement monetary policy
10  cards
Calculations
Gdp ad,
Multiplier,
Mpc
15  cards

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Macroeconomics

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