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YR.12 Macroeconomics

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

By: Madyson Lyttle
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Decks in this class (14)

Global Interdependence
Definition of globalization,
Key linkages between economies,
Gains from exports
11  cards
Free Trade & Protection
Why is trade important,
Absolute advantage,
Comparative advantage
19  cards
Australia's Pattern of Trade
Factors affecting exports,
Factors affecting trade intensity,
Australia s main 5 exports
8  cards
The Balance of Payments
Definition of bop,
Period of bop measurement,
Different accounts of the bop
30  cards
Terms of Trade
Terms of trade,
Favorable movement,
Terms of trade calculation
5  cards
Exchange Rates
Concept of exchange rate,
Forex market,
Appreciation
13  cards
Foreign Investment
Fia meaning,
Aia meaning,
Liabilities
26  cards
The Business Cycle
Characteristics of a boom,
Recession,
Characteristics of a trough
8  cards
The Aggregate Expenditure Model
Ae,
Component of ae,
Consumption
20  cards
Aggregate Demand & Aggregate Supply
Income effect,
Interest rate effect,
International or open economy effect
11  cards
Economic Policy Objectives
Target rates,
Roles of the government,
Macroeconomic objectives
9  cards
Fiscal Policy
Federal budget,
Budget surplus,
Budget deficit
15  cards
Monetary Policy
Monetary policy,
Objectives,
Financial market
30  cards
Structural Change & Productivity
Drivers of structural change,
Levels of structural change,
Multifaceted meaning
15  cards

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YR.12 Macroeconomics

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