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Unknown Unknown
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Decks in this class (23)
Aspects of Behavioural Economic Theory
What is bounded rationality 1,
How does bounded rationality affe...,
What policy tools address bounded...
31
cards
Supply-side Policies to Alleviate Poverty (2): Economic Growth
How can economic growth reduce po...,
Why might growth not automaticall...,
What market oriented supply side ...
10
cards
The operation of fiscal policy
What is fiscal policy 1,
What are the two main types of fi...,
What are the main objectives of f...
14
cards
The operation of monetary policy & the role of the MPC; the monetary policy transmission mechanism; the link between interest rates and the exchange rate
What is monetary policy 1,
How do interest rates affect cons...,
What is the mpc and what does it ...
11
cards
Effects of expectations / world commodity prices / changes in other economies on UK inflation
How do inflation expectations aff...,
How do oil and gas price changes ...,
Why does credibility of the bank ...
8
cards
Consequences of inflation / disinflation / deflation
How does inflation affect purchas...,
How can inflation impact firms 2,
How can inflation affect internat...
8
cards
Causes of inflation / disinflation / deflation: demand pull / cost push
What is demand pull inflation 1,
What is cost push inflation 2,
What factors can trigger demand p...
7
cards
Uses of index numbers (especially for measuring changes in the general price level)
What is an index number 1,
What is the consumer price index ...,
Why are index numbers used 3
8
cards
Voluntary and involuntary unemployment
What is voluntary unemployment 1,
How can high wages contribute to ...,
What is involuntary unemployment 2
8
cards
Causes (types) of unemployment
What are the main types of unempl...,
What is structural unemployment 2,
Why is structural unemployment pe...
11
cards
Consequences of unemployment for individuals and the performance of the economy
How does unemployment affect inco...,
How does unemployment impact ment...,
How does long term unemployment a...
7
cards
Measurement of unemployment: the claimant count & labour force survey
What is the claimant count 1,
What are the limitations of the c...,
What is the lfs 3
6
cards
The economic cycle, the causes of changes in the various phases of the economic cycle, including global and domestic demand side and supply side shocks
What is the economic cycle 1,
What are the main phases of the e...,
What is a demand side shock 3
10
cards
The costs and benefits of economic growth, including the impact on individuals, the economy and the environment
How does economic growth benefit ...,
How can growth improve social wel...,
How does growth benefit the econo...
9
cards
Economic growth: demand side & supply side determinants of short run growth of real national income and the long run trend rate of economic growth
What is short run economic growth 1,
What are the main demand side det...,
How does consumer confidence affe...
8
cards
The determinants of long run aggregate supply
What is long run aggregate supply...,
How does technology affect lras 2,
How does capital investment affec...
9
cards
The determinants of short run aggregate supply
How do wage costs affect sras 1,
How do raw material costs affect ...,
How does productivity affect sras 3
7
cards
The multiplier process
What is the multiplier 1,
How does the multiplier work 2,
What is the formula for the simpl...
7
cards
The determinants of aggregate demand
What is aggregate demand 1,
What are the four components of ad 2,
What factors affect consumption 3
8
cards
The circular flow of income
What is the circular flow of inco...,
How does money circulate between ...,
What are the two sectors in the s...
9
cards
Uses of national income data
What is national income data 1,
How is national income data used ...,
How can it indicate economic perf...
7
cards
Macro economic indicators & statistics for the UK economy
What is gdp 1,
How is gdp growth used as an indi...,
How is unemployment measured in t...
10
cards
Macro economic objectives & conflicts between them
What are the main macroeconomic o...,
Why do governments set macroecono...,
How can economic growth conflict ...
7
cards
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1 Macro classes
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