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Decks in this class (30)
2.1 MEASURES OF ECONOMIC PERFORMANCE
0
cards
2.1.1 Economic growth
Economic growth,
Gross domestic product gdp,
Real vs nominal gdp
21
cards
2.1.2 Inflation
Inflation vs deflation vs disinfl...,
Consumers price index cpi,
Limitations of consumers price in...
14
cards
2.1.3 Employment and unemployment
Employment and unemployment,
Measures of unemployment,
Claimant counts measures of unemp...
25
cards
2.1.4 Balance of payments
Balance of payments,
Components of the balance of payment,
Current account component of bala...
7
cards
2.2 AGGREGATE DEMAND (AD)
0
cards
2.2.1 The characteristics of AD
Aggregate demand ad,
Components of aggregate demand,
Consumption ad
14
cards
2.2.2 Consumption (C)
Consumption,
Disposable income,
Disposable income and its influen...
15
cards
2.2.3 Investment (I)
Investment,
Gross vs net investment,
Influences on investment
13
cards
2.2.4 Government expenditure (G)
Government spending,
Influences of government expenditure,
The trade cycle influences on gov...
5
cards
2.2.5 Net trade (X-M)
Net trade,
Influences on net trade,
Real income influence of net trade
8
cards
2.3 AGGREGATE SUPPLY (AS)
0
cards
2.3.1 The characteristics of AS
As curve,
Movements vs shifts as,
Short run as curve sras
4
cards
2.3.2 Short-run AS
Factors influencing short run as ...,
Costs of raw materials and energy...,
Changes in exchange rates factors...
5
cards
2.3.3 Long-run AS
Different shapes of long run as lras,
Keynesian graph,
Classical graph
11
cards
2.4 NATIONAL INCOME
0
cards
2.4.1 National income
Circular flow of income,
Injections and withdrawals,
Income vs wealth
3
cards
2.4.2 Injection and withdrawals
Impact of injections into the cir...,
Impact of withdrawals from circul...,
Economy equilibrium
3
cards
2.4.3 Equilibrium levels of real national output
Equilibrium real national output
1
cards
2.4.4 The multiplier
The multiplier ratio,
The multiplier process,
Effects of marginal propensities ...
9
cards
2.5 ECONOMIC GROWTH
0
cards
2.5.1 Causes of growth
Economic growth,
Factors which cause economic growth,
Causes of growth synoptic point
6
cards
2.5.2 Output gaps
Actual growth rate,
Long term trends in growth rate,
Output gaps
6
cards
2.5.3 Trade (business) cycle
The trade business cycle,
Governments during recessions,
Governments during growth booms
6
cards
2.5.4 The impact of economic growth
Benefits of economic growth and i...,
Costs of economic growth and impa...,
Benefits of economic growth and i...
9
cards
2.6. MACROECONOMIC OBJECTIVES AND POLICIES
0
cards
2.6.1 Possible macroeconomic objectives
Possible macroeconomic objectives,
Economic growth macro objective,
Low unemployment macro objective
8
cards
2.6.2 Demand-side policies
Demand side policies,
Monetary vs fiscal policy,
Monetary policy instruments
21
cards
2.6.3 Supply-side policies
Supply side policies,
Market based vs interventionist m...,
Market based policies supply side...
8
cards
2.6.4 Conflicts and trade-offs between objectives and policies
Potential conflicts and trade off...,
Economic growth vs inflation pote...,
Economic growth vs the current ac...
11
cards
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Theme 2 Econ: The UK economy - performance and policies
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