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James G
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Decks in this class (27)
Resource Allocation (12)
What is profit in investment terms 1,
What is the price mechanism 2,
What are the price functions 3
10
cards
Macro Objectives (12)
What are the main macroeconomic o...,
The government wants inflation to...,
What is demand pull inflation 3
21
cards
Macro Theory (12)
What are the 4 sectors of the cir...,
What does the circular flow of in...,
What do households receive from f...
44
cards
D & S In product markets (12)
What is a complement 1,
What is consumer surplus 2,
What is cross elasticity 3
46
cards
Fiscal Policy (12)
What is fiscal policy 1,
What does higher government spend...,
What are the the purpose of taxes 3
26
cards
Monetary Policy (12)
What is monetary policy 1,
Who controls monetary policy in uk 2,
What is expansionary monetary pol...
15
cards
Trade (12)
What is free trade 1,
What are the benefits of free tra...,
3 drawbacks from free trade 3
22
cards
Market Failure (12)
What is market failure 1,
What are the types of market fail...,
What is a public good 3
56
cards
Exchange Rates (12)
Define exchange rates 1,
What is the acronym for a weaker ...,
What is the acronym for a stronge...
22
cards
Labour Markets (12)
What is derived demand 1,
What is demand for labour 2,
Factors that affect the demand fo...
37
cards
Economic Development
What is the meaning of economic d...,
Define gdp 2,
Define gnp 3
28
cards
Market Structures
What are the different types of c...,
What are normal profits 2,
What are abnormal profits 3
59
cards
SRAS & LRAS
Define sras 1,
Why does the sras curve slope upw...,
What is the position of the sras ...
10
cards
International Trade
Define free trade 1,
What are the advantages of free t...,
What are the disadvantages of fre...
24
cards
Unemployment
Define unemployment 1,
What is the ons 2,
What is the ilo 3
28
cards
Phillips Curve
Define the phillip s curve 1,
What are the axis on the phillip ...,
Define the nairu 3
11
cards
Costs, Revenues & Profits
Define the law of diminishing ret...,
What is stage 1 of diminishing re...,
What is stage 2 of diminishing re...
21
cards
Growth & Efficiency
Define internal growth 1,
Define external growth 2,
Define franchising 3
30
cards
Inflation
Define cpi 1,
Define rpi 2,
Define rpix 3
24
cards
Deflation
Define deflation 1,
Define deinflation 2,
What are the two types of deflati...
10
cards
Competition & Privatisation
What is the main aim of competiti...,
Why are governments concerned wit...,
What type of anti competitive pra...
18
cards
Economic Growth
Define actual growth 1,
Define potential growth 2,
What macro economic goal has to d...
27
cards
Balance Of Payments
Define bop balance of payments 1,
What are the 3 accounts 2,
What does the current account inc...
27
cards
European Union
Define european union 1,
Define monetary union 2,
What monetary policy is formed wh...
25
cards
National Debt
Define national debt 1,
Define a budget deficit 2,
Define cyclical budget deficit 3
11
cards
QE & Financial Stability
Define quantitative easing 1,
How is quantitative easing used 2,
What are the risks of using qe 3
13
cards
Exam Technique
How should you plan each question 1
1
cards
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Economics
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