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Understanding Macroeconomics

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

By: Shaun Nel
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Decks in this class (11)

Chapter 1 - Intro To Macro
What are the 5 sectors of macroec...,
What are the 3 major flows,
How are production and income gen...
12  cards
Chapter 2: Money and Monetary Policy
What is the double coincidence of...,
What are the 3 functions of money...,
Are income and wealth money
21  cards
Chapter 3: The Public Sector
What sectors make up the governme...,
What is the basic economic question,
When do governments need to inter...
16  cards
Chapter 4: The Foreign Sector
What are the two advantages appli...,
What is the law of comparative ad...,
What is the purpose of a subsidy ...
6  cards
Chapter 5: Measuring the performance of the economy
Total production of goods and ser...,
What are the three methods of cal...,
What are the following inputs cal...
22  cards
Chapter 6: A simple Keynesian model of the economy
What is the multiplier,
What is the keynesian model,
What do the following symbols sta...
21  cards
Chapter 7: The Keynesian model with Government and foreign sector
What symbols are included when go...,
What makes up autonomous spending...,
What are t and m what is its impa...
3  cards
Chapter 8: Fiscal and monetary policy in the Keynesian model
What does fiscal policy use to im...,
What is the multiplier when analy...,
What happens when the tax rate is...
4  cards
Chapter 9: More on Macroeconomic Theory and policy
What are the 3 ad curve effects,
What is the wealth effect,
What is the interest effect
14  cards
Chapter 10: Inflation
What are the 3 main effects of in...,
What is demand pull inflation,
What is cost push inflation
3  cards
Chapter 11: Unemployment and the Phillips curve
What is the time taken to find wo...,
What is it called when workers wo...,
What unemployment arises from rec...
5  cards

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Understanding Macroeconomics

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