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ECON 203

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

By: Kara Oosterhuis
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Decks in this class (18)

Basic concepts and definitions (Chapters 1-2)
Scarcity,
Economics,
Resources
16  cards
National Income Accounting (Chapter 5)
Gross domestic product gdp,
Value added,
Consumption c
16  cards
Prices, growth, and productivity (Chapters 5-7)
Price index pit,
Price level,
Consumers price index cpi
17  cards
Unemployment and business cycles (start of Chapter 9, start of Chapter 14)
Labour force,
Participation rate,
Unemployment rate uer
22  cards
Savings and investment (Chapter 8)
Closed economy,
Open economy,
National savings s
6  cards
Deficits and public debt (Chapter 8)
Modified government budget budget,
Government debt,
Debt measures
6  cards
The monetary system (Chapter 10)
Money,
Medium of exchange,
Share of value
24  cards
Assignment 1
In japan in 2000 nominal interest...,
In 1989 don bought a dodge dart f...,
The goal of the consumer price in...
22  cards
Practice Midterm
If the average income of an austr...,
If the government wanted to enact...,
When the german government increa...
57  cards
The money market (Chapter 11, 14)
Assets,
M1 money,
Present value pv
20  cards
Monetary policy tools (Chapter 10)
Monetary policy,
Open market operations,
Quantitative easing qe
8  cards
Balance of Payments
Balance of payments bop,
Credits,
Debits
11  cards
Exchange Rates (xRr)
Exchange rates,
Depreciation,
Flexible floating exchange rates xrs
7  cards
International trade theory (Chapter 3)
Gains from trade,
Absolute advantage aa,
Comparative advantage ca
5  cards
Trade policies and agreements
Free trade,
Protectionism,
Tariffs
7  cards
Aggregate demand (AD) & aggregate supply (AS) (Chapter 14)
Aggregate demand ad,
Interest rate effect,
Wealth effect
14  cards
Monetary and fiscal policy (Chapter 15, 17)
Fiscal policy,
Automatic stabilizers,
Social assistance transfer payments
10  cards
Final Exam
On canadas balance of payments a ...,
On canadas balance of payments a ...,
A canadian buy in gan avocado fro...
37  cards

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ECON 203

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