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By:
Max Charlwood
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Decks in this class (41)
Economic Growth
What is gdp,
What is gdp per capita,
Define real gdp
10
cards
Inflation
Define inflation,
Define deflation,
Define disinflation
18
cards
Unemployment
Define employed,
Define unemployed,
Define full time employment
24
cards
The Current Account and the Balance of Payments
What is the balance of payments a...,
What are the three components of ...,
What are the 4 components of the ...
19
cards
Aggregate Demand
What is aggregate demand,
What are the components of ad,
What is the formula for ad
5
cards
Consumption
What is consumption,
What is disposable income,
What is the marginal propensity t...
16
cards
Investment
What is investment,
What is physical capital,
What is human capital
16
cards
Government Expenditure
What would the government do duri...,
What would the government do duri...,
Does the governments tax revenue ...
7
cards
Net Trade
What is real income,
What are the impacts of an increa...,
What is net trade
15
cards
Short and Long Run Aggregate Supply
Why is the sras curve upwards slo...,
What are internal factors,
What are external factors
17
cards
The Circular Flow of Income
What is the circular flow of income,
What are the three ways to measur...,
What is wealth
9
cards
The Multiplier
What is the multiplier effect,
Give an example of the multiplier...,
What is the marginal propensity t...
15
cards
Causes of Growth
What is economic growth,
How is actual real economic growt...,
What is the cause of potential gr...
8
cards
Output Gaps
What are output gaps,
What is a negative output gap,
What are the characteristics of a...
5
cards
The Trade Cycle
What is the trade cycle,
What is a boom,
What are the characteristics of a...
8
cards
Impacts of Economic Growth
What are the benefits of economic...,
What are the costs of economic gr...,
How does economic growth help dev...
8
cards
Macroeconomic Objectives
What are the 7 possible macroecon...,
What is the difference between de...,
Why is a 0 unemployment rate impo...
16
cards
Monetary and Fiscal Policy
What are the two types of demand ...,
What is monetary policy,
How could the government use mone...
25
cards
Supply-Side Policies
What are supply side policies,
What are market based policies,
What are interventionalist policies
15
cards
Macroeconomic Conflicts and Trade-offs
What are the features of a succes...,
What are the macroeconomic trade ...,
What are the
14
cards
Globalisation
What is globlisation,
What are the characteristics of g...,
What are the 6 factors contributi...
18
cards
Specialisation and Trade
What is absolute advantage,
What is comparative advantage,
What is specialisation in regards...
8
cards
Pattern of Trade
What is the pattern of trade,
What are the 4 factors that influ...,
How does comparative advantage in...
6
cards
Terms of Trade
What is the terms of trade,
What is the formula for the terms...,
What are the 3 influences on the ...
9
cards
Trading Blocs
What is a trading bloc,
What are the 3 types of trade agr...,
What is a regional trade agreemen...
17
cards
Free Trade Restrictions
What are 7 potential reasons why ...,
What are infant industries,
What are sunset industries
16
cards
Balance of Payments
What are the 3 components of the ...,
What is the current account,
What is the capital account
13
cards
Exchange Rate Systems
What are exchange rates,
What are the 3 types of exchange ...,
What is a fixed exchange rate
27
cards
International Competitiveness
What is international competitive...,
What are the 4 factors influencin...,
What is productivity
10
cards
Absolute and Relative Poverty
What are the two types of poverty,
What is absolute poverty,
What is relative poverty
10
cards
Inequality
What is economic inequality,
What is wealth inequality,
What is wealth
22
cards
Measures of Economic Development
What is the human development ind...,
What are the 3 components of the hdi,
What are 3 advantages of using hd...
7
cards
Growth and Development
What is primary product dependency,
What is a primary product,
What is the ped of most commodities
24
cards
Market-Orientated, Interventionalist, and other Strategies
What are market orientated strate...,
What are 6 market orientated stra...,
What is trade liberalisation
33
cards
Financial Markets
What are the 2 types of finance,
What is a financial market,
What is short term finance
27
cards
Market Failure in the Financial Sector
What are the 5 examples of market...,
What is market failure,
What is asymmetric information an...
15
cards
Central Banks
What is a central bank,
What is the central bank in the uk,
What are the 4 functions of a cen...
12
cards
Public Expenditure
What is public expenditure,
What is total managed expenditure...,
What are the 3 types of public ex...
21
cards
Changes in Tax Rates
What are the 3 categories of taxa...,
What is progressive taxation,
What is proportional taxation
16
cards
Public Sector Finances
What is discretionary fiscal policy,
What is a fiscal deficit,
What is the national debt
17
cards
Macroeconomic Policies Globally
What are the 2 types of fiscal po...,
What is expansionary fiscal policy,
What is contractionary fiscal policy
29
cards
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Macroeconomics
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