This class was created by Brainscape user James Song.

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Decks in this class (22)

1.1 The Circular Flow Of Income
What are injections 1,
What are leakages 2,
What is macroeconomic equilibrium 3
18  cards
1.2 Aggregate Demand
What is aggregate demand 1,
What is consumption c 2,
What is investment i can be shown...
25  cards
1.3 Aggregate Supply
What is aggregate supply 1,
What is the short run 2,
Why is the sras upwards sloping 3
6  cards
1.4 Short Run Macroeconomic Equilibrium
What is short run equilibrium 1,
What is a positive output gap inf...,
What is a negative output gap def...
8  cards
2.1 Economic Growth
What is short run economic growth 1,
What causes short run economic gr...,
What is long run economic growth 3
10  cards
2.3 Unemployment
What is the population of working...,
Who are the economically active t...,
What are the economically inactive 3
34  cards
2.4 Inflation
What is inflation 1,
What is deflation 2,
What is the inflation rate 3
31  cards
2.5 Balance of Payments
What is the balance of payments b...,
What are the components of the ba...,
What is the current account ca 3
17  cards
3.1 Fiscal Policy
What is fiscal policy 1,
What is fiscal stance 2,
What is an expansionary stance an...
35  cards
3.2 Monetary Policy
What is money 1,
What are the four functions of mo...,
What is monetary policy 3
8  cards
3.3 Supply Side Policy
What are supply side policies 1,
What are free market neoclassical...,
What are examples of free market ...
6  cards
2.8 The Philips Curve
What is the philips curve 1,
What generates the philips curve 2,
What shifts the philips curve 3
5  cards
4.1/4.3 International Trade and Comparative Advantage
What are the potential benefits o...,
What are the limitations of free ...,
What is absolute advantage 3
7  cards
4.4 Trade Policies: Protectionism
What is protectionism 1,
What is a tariff 2,
What is a quota 3
18  cards
4.2 Exchange Rates
What is the exchange rate 1,
What is a floating exchange rate 2,
What is a fixed exchange rate 3
18  cards
4.3 Globalisation
What is globalisation 1,
What are the causes of globalisat...,
What is the terms of trade 3
16  cards
4.4 Economic Integration
What is economic integration 1,
What are free trade areas 2,
What are rules of origin 3
15  cards
2.2 Development
What is standard of living 1,
What is economic development 2,
How is hdi calculated 3
12  cards
2.7 Income Distribution
What is income 1,
What are earnings 2,
What is original income 3
25  cards
5.1 Money and Interest Rates
What is m0 the monetary base narr...,
What is m4 broad money made up of 2,
How do banks create money 3
14  cards
5.2 The Role of the Financial Sector
What is the fundamental purpose o...,
What are the roles of the financi...,
How much does the financial and i...
12  cards
5.3 Financial Regulation
What are the 2 key roles of a cen...,
How do central banks act as a len...,
What are other possible roles of ...
17  cards

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Macroeconomics

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