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Ryan Jones
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Decks in this class (42)
Macro Objectives of Government (Growth, Unemployment, Inflation, Trade - TIGERS )
What is macroeconomics 1,
What does the acronym tigers stan...,
What is economic growth 3
20
cards
Circular Flow of Income
What is the circular flow of inco...,
Who are the two fundamental econo...,
What do households provide to fir...
31
cards
Index Numbers
What is an index number 1,
Why do we use index numbers 2,
What is the base period in an ind...
5
cards
Aggregate Demand- Shifts and the Downward Slope
What is aggregate demand ad 1,
What is the equation for aggregat...,
Why does the ad curve slope downw...
15
cards
Consumer Spending and Aggregate Demand
What is consumption in the contex...,
What is the marginal propensity t...,
How does an increase in real disp...
14
cards
Savings and aggregate demand - Determinants of savings
What is saving in economic terms 1,
How does an increase in savings a...,
How does real disposable income a...
12
cards
Investment and AD
How does investment affect aggreg...,
What is investment in macroeconom...,
How do interest rates affect inve...
13
cards
Government spending and AD
How does government spending affe...,
What is current government spendi...,
What is capital government spendi...
12
cards
Net Exports and AD
What is the formula for aggregate...,
What happens to ad if x m increas...,
What can cause x m to increase 3
21
cards
Aggregate Supply- SRAS and LRAS (Classical and Keynes)
What are the two main types of ag...,
What is sras 2,
Why is sras upward sloping 3
45
cards
Macroeconomic Equlibrium
What is macroeconomic equilibrium 1,
In the classical model what are t...,
When does short run equilibrium o...
13
cards
Macroeconomic Equilibrium shifts- AD, SRAS, LRAS
What happens when ad shifts to th...,
What is demand pull inflation 2,
What is a negative output gap 3
19
cards
AS/AD shifts & Macro indicators- Exam Technique
What happens when ad shifts to th...,
Why does real gdp increase when a...,
Why does unemployment fall when g...
15
cards
Multiplier effect and Accelerator
What is the multiplier effect 1,
How does the multiplier effect wo...,
Multiplier formula basic version 3
15
cards
Output Gaps
What is an output gap 1,
What is a negative output gap 2,
What does a negative output gap i...
22
cards
Measures of Economic Growth & Living Standards- GNI, GDP, GDP per capita, Green GDP
What is gdp gross domestic product 1,
What is gni gross national income 2,
What is gdp per capita 3
30
cards
Causes of Economic growth (Short Run and Long Run)
What is economic growth 1,
What does an increase in ad lead ...,
What is the difference between sh...
40
cards
The Economic Cycle (Business cycle) - Stages, characteristics and causes
What is the economic cycle also k...,
What are the four different stage...,
What characterizes a boom in the ...
46
cards
Costs and Benefits of Economic Growth for Living standards (With Evaluation)
How can economic growth lead to h...,
How does higher income improve li...,
Why does growth lead to higher em...
36
cards
How is Unemployment Measured? - Labour Force Survey (LFS)
Who counts as unemployed in the uk 1,
What are the two main methods use...,
What is the labour force survey a...
12
cards
Types and Causes of Unemployment( Cyclical, Structural, Frictional and More)
What are the two major categories...,
What causes disequilibrium unempl...,
What is cyclical demand deficient...
21
cards
The Natural Rate of Unemployment
What is the natural rate of unemp...,
Does full employment mean 0 unemp...,
What types of unemployment make u...
25
cards
Costs and benefits of Unemployment
What is the main macroeconomic ob...,
How does unemployment affect outp...,
How does unemployment affect gove...
28
cards
The CPI Inflation Measure- Constructing and Calculating a CPI Index
What is inflation 1,
What does cpi stand for and what ...,
How is the cpi basket created 3
28
cards
Causes of Inflation- Demand Pull and Cost Push Inflation
What are the two main types of in...,
What causes demand pull inflation 2,
What are the main causes of ad in...
10
cards
Costs and Benefits of Inflation
What is the macroeconomic objecti...,
What is a major cost of inflation...,
How does inflation affect savers 3
26
cards
Deflation- Causes and Consequences (Deflation can be deadly!)
What is deflation 1,
What are the two types of deflati...,
What causes demand side deflation 3
14
cards
Government Spending and Taxation- Types and Reasons
What are the 4 main types of gove...,
What is current government spendi...,
What is capital government spendi...
18
cards
Progressive, Proportional and regressive tax systems
What is the formula for average r...,
What is a progressive tax system 2,
What is a proportional flat tax s...
5
cards
Fiscal Policy- Government Spending and Taxation
What is fiscal policy 1,
What are the two types of fiscal ...,
What are the aims of expansionary...
11
cards
Fiscal Policy- Problems and Evaluation
What is a key risk of expansionar...,
What is the impact of fiscal poli...,
How can fiscal policy affect gove...
8
cards
Automatic Stabilizers of Fiscal Policy
What are automatic stabilisers in...,
Name two key automatic stabilisers 2,
How does the income tax system ac...
6
cards
Rising Budget Deficits and National Debt- Pros and Cons and Evaluation
What is a budget deficit 1,
What is the national debt 2,
What is a structural budget defic...
10
cards
Contractionary fiscal policy (Deficit & Debt Reduction) Pros, Cons, Eval
What is a budget surplus 1,
What is a structural budget surpl...,
What is a cyclical budget surplus 3
39
cards
Monetary Policy- Interest Rates, Money Supply & Exchange Rate
What is monetary policy 1,
Who controls monetary policy in t...,
What is the main target of uk mon...
23
cards
Monetary Policy- Problems and Evaluation
What is the main aim of cutting i...,
What is demand pull inflation 2,
Why might cutting interest rates ...
40
cards
Contractionary Monetary Policy- Higher Interest Rates
How do higher interest rates help...,
Why are higher interest rates les...,
How do higher interest rates affe...
27
cards
Supply Side Policies( Interventionist and Market Based) with Evaluation
What are supply side policies in ...,
What are the two types of supply ...,
Give examples of interventionist ...
26
cards
Policies to Increase Growth & Living Standards- With Eval
What are the two types of economi...,
What policies increase short run ...,
Evaluate the effectiveness of dem...
11
cards
Policies to reduce Unemployment (Cyclical, Structural and Frictional) - With Evaluation
What is cyclical unemployment and...,
Evaluate policies used to reduce ...,
What causes real wage classical u...
13
cards
Policies to Reduce Inflation (Demand Pull, Cost Push)- With Eval
What is the macroeconomic objecti...,
How can demand pull inflation be ...,
Why is monetary policy preferred ...
10
cards
Macro Policy Tradeoffs with Evaluation
What are the trade offs of using ...,
What factors influence how seriou...,
What does the classical economic ...
8
cards
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Economics Macro Y1
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