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Charlie Smillie
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Decks in this class (42)
Economics Intro
Interest rates 1,
Basic economic problem 2,
Opportunity cost 3
18
cards
Market Demand
Market 1,
Demand 2,
Effective demand 3
17
cards
PPFs + Econmoic Systems
Ppf 1,
What cause a right shift in a ppf...,
What causes a left shift in a ppf 3
12
cards
Production
Production 1,
Productivity 2,
Output of g s equation 3
10
cards
Price Elasticity Of Demand
Ped definition 1,
What ped means 0 0 1 1 1 2,
Determinants of pes 7 3
5
cards
Supply
Supply 1,
Price and supply relationship 2,
Movement along the demand curve 3
5
cards
Market Equlibrium
Market equilibrium 1,
Market disequilibrium 2,
What does an outward shift of mar...
4
cards
YED and XED
Yed 1,
What type of good yed 2,
Xed 3
6
cards
Market Functions
Supply increase 1,
Supply decreases 2,
Demand increases 3
9
cards
PES
Pes 1,
Pes 1 0 1 0 2,
Pes equation 3
5
cards
Market Failure
Market failure 1,
Complete market failure 2,
Partial market failure 3
25
cards
Unequal Distribution Of Income And Wealth
Income 1,
Wealth 2,
Gini coefficient 3
7
cards
Monoplies
Types of monopolies 5 1,
Causes of monopolies 5 2,
Types of barriers protecting mono...
8
cards
Plagouvian Subsidies And Taxes
Plagouvian subsidy 1,
Plagouvian taxes 2,
Indirect tax effects on the exter...
3
cards
Minimum And Maximum Prices
Minimum price 1,
Uses of minimum prices 4 2,
Maximum price 3
4
cards
Privitsation And Regultion
Privatisation 1,
Benefits privatisation 6 2,
Drawbacks of privatisation 6 3
10
cards
Direct Taxes
Hypothecation 1,
Direct tax 2,
Progressive tax 3
5
cards
Government Subsidies And Failure
Subsidies 1,
Subsidy examples 3 2,
Justification for subsidies 5 3
10
cards
Aggregte Demand
Aggregate demand 1,
Components of ad 2,
Ad equation 3
41
cards
Unemployment
Unemployment 1,
Level of unemployment 2,
Rate of unemployment 3
33
cards
Circular Flow of Income
Circular flow of income 1,
Leakages in the economy 3 2,
Injections in the economy 3 3
6
cards
Econmic Indicators
Leading indicators 1,
Examples of leading indicators 3 2,
Lagging indicators 3
7
cards
Inflation
Inflation 1,
How is inflation measured 2,
What is the boe target for inflat...
12
cards
Aggregate Supply
Lras 1,
What does an outward shift in lra...,
Changes in gdp caused by 5 3
14
cards
Classical And Keynesian
Classical assumptions 5 1,
Classical demand side policies 3 2,
Classical recession and restorati...
6
cards
Phillips Curve
Reasons for the phillips curve 2 1,
Stagflation 2,
Movement in pc cause 3
8
cards
The Balance Of Payments
Balance of payments 1,
Sections of the balance of paymen...,
Current account contents 4 3
7
cards
Economic Growth
Economic growth 1,
Recession 2,
Gdp 3
20
cards
Balance Of Payments
Current account deficit 1,
Current account surplus 2,
Trading deficit 3
10
cards
Consequences Of Inflation
Consequences of inflation 7 1,
Equation for real interest rate 2,
Fiscal drag 3
3
cards
Disinfaltion
Disinflation 1,
Marshall lerner condition 2
2
cards
Delfation
Deflation 1,
Malevolent bad deflation 2,
Benign good deflation 3
5
cards
Conflicting MEPOs
Unemployment and inflation confli...,
Economic growth and equality 3 2,
Economic growth and the environme...
8
cards
Monetary Policy
Monetary stability 1,
Stable prices 2,
Monetary policy 3
27
cards
Fiscal Policy
Fiscal policy 1,
Key roles of fiscal policy 6 2,
Top three areas of government spe...
17
cards
Quantative Easing
How does quantitive easing work 5 1,
Why does the liquidity trap effec...,
How to overcome a liquidity trap 4 3
5
cards
Taxation
Adam smiths cannons if taxation 4 1,
Lower corporation tax advantages 5 2,
Lower corporation tax disadvantag...
6
cards
Supply Side Policies
Supply side view 1,
Macro objectives achieved via sup...,
Supply side policies will 2 3
16
cards
Regulation
Main functions of a central bank 4 1,
What policy operations do the boe...,
Prudential regulation authority 3
20
cards
Money
Characteristics of money 6 1,
Functions of money 2,
Narrow money 3
15
cards
Behavioural Economics
Traditional economics assumes 3 1,
Behavioural economics 2,
Bounded rationality 3
19
cards
Exchange Rates
Exchange rates 1,
Factors affecting exchange rates 6 2,
Floating exchange rate 3
20
cards
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Economics
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