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Eva Keyte
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Decks in this class (29)
Basic Economic Problem And Opportunity Cost
What is opportunity cost 1,
Basic economic problem 2,
3 questions used to make choices ...
42
cards
Demand, Supply Etc
Effective demand 1,
Latent demand 2,
Joint complementary demand 3
64
cards
2 - Output
What is actual output 1,
What is potential output 2,
Negative output gap 3
25
cards
2 - Demand Side Policies
What do demand side policies do 1,
What is fiscal policy 2,
What s monetary policy 3
29
cards
2 - Market Based Supply Side Policies
What are supply side policies 1,
Aims of ss policies 2,
Examples of market based ss polic...
5
cards
2 - Interventionist SS Policies
What are they 1,
Types of interventionist ss polic...,
Evaluations 3
5
cards
2 - Growth
Benefits of growth 1,
Costs of growth 2,
Macro objectives 3
19
cards
2 - Multiplier
What is the multiplier effect 1,
Why does it arise 2,
When does negative multiplier eff...
10
cards
2 - AD + AS
What does ad curve show 1,
Ad 2,
What s the real income effect 3
16
cards
1 - Market Failure - Neg Externalities
Negative production externality 1,
Negative consumption externality 2,
How to calculate social benefit 3
13
cards
1 - Market Failure - Pos Externalities
What s a positive externality 1,
Examples of pos externalities 2,
When will there be a pos external...
5
cards
1 - Market Failure - Public Goods
What are private goods 1,
Characteristics of private goods 2,
Characteristics of public goods 3
15
cards
1 - Market Failure - Info Gaps
When does info failure occur 1,
When do info gaps occur 2,
What s asymmetric info 3
8
cards
1 - Market Failure - Environment
What s tragedy of the commons 1,
What s a carbon tax 2,
Advantages of carbon tax 3
7
cards
1 - Gov Intervention - Indirect Tax
What s an indirect tax 1,
Examples of indirect taxes 2,
What s the tax incidence 3
5
cards
1 - Gov Intervention - Subsidies
What s a producer subsidy 1,
What are consumer subsidies 2,
Advantages of producer subsidies 3
5
cards
1 - Gov Interevntion - Max Price
What s a max price 1,
What s the point of max prices 2,
Is a max price set above or below...
6
cards
1 - Gov Intervention - Min Price
What s a min price 1,
Benefits of min price 2,
Consequences of min price 3
5
cards
1 - Gov Failure
What is gov failure 1,
What does gov failure result in 2,
Causes of gov failure 3
7
cards
1 - Consumer Behaviour
What are economic agents assumed ...,
What is rational consumer behavio...,
What 4 things about consumers doe...
8
cards
1 - Unstable Markets And Price Volatility
What are unstable markets 1,
Causes of price volatility 2,
Causes of price instability 3
6
cards
2 - Measures Of Performance
Gdp 1,
Nominal gdp 2,
Real gdp 3
10
cards
2 - Measures Of Performance - Inflation
Cpi inflation rate 1,
What s the basket of goods 2,
Price survey 3
13
cards
2 - Measures Of Performance - Employment/unemployment
Working population 1,
Labour force 2,
Economic inactivity 3
15
cards
2 - Measures Of Performance - Balance Of Payments
What is the balance of payments 1,
Current account on balance of pay...,
Balance of trade in goods and ser...
7
cards
2 - AD - C+S
Factors influencing consumption 1,
Benefits of rising consumption 2,
Costs of rising consumption 3
8
cards
2 - AD - Investment
What is investment 1,
Gross investment 2,
Depreciation 3
8
cards
2 - AD - G And (X-M)
Role of gov spending 1,
What happens to gov spending duri...,
Factors that influence net trade 3
3
cards
2 - National Income
What is national income 1,
How do households earn their inco...,
What does the financial sector do 3
8
cards
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Econ
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