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Jamie Perritt
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Decks in this class (23)
Economic Growth 2.1
Gdp def,
Real gdp,
Benefits of economic growth6
10
cards
Inflation 2.1
Inflation def,
Disinflation def,
How we measure inflation index nu...
11
cards
Employment & Unemployment 2.1
Labour force def economically active,
Unemployment def,
Underemployment
18
cards
Balance of Payments
Balance of payments def,
4 components of the balance of pa...,
4 main macro objectives
6
cards
Characteristics of AD
Aggregate demand def,
Aggregate demand formula,
Consumption
6
cards
Consumption
Mpc marginal propensity to consume,
Apc average propensity to consume,
Keynes apc theory
4
cards
Investment
Investment def,
Gross vs net investment,
Determinants of investment
3
cards
Net Trade (X-M)
Determinants of demand for import...
1
cards
Aggregate Supply
Aggregate supply def,
Sras,
Sras curve u
9
cards
National Income
Circular flow of income,
Circular flow of income diagramu,
Issues of the circular flow of in...
3
cards
Injections & Withdrawals
Injections3,
Withdrawals3
2
cards
Equilibrium levels of Real National Output
Macro economic equilibrium,
Sras equilibrium diagram u,
Lras equilibrium diagram u
4
cards
The Multiplier
Multiplier,
Multiplier formula,
Irl multiplier
4
cards
Causes of Growth 2.5
Growth,
Short run growth,
Long run growth
9
cards
Output Gaps 2.5
Output gap def,
Actual growth v long term trends,
Negative output gap
5
cards
Trade Cycle 2.5
Trade cycle def,
Trade cycle diagram,
Boom4
8
cards
Macroeconomic Objectives 2.6
7 macro objectives,
Economic growth,
Low unemployment
7
cards
Demand-Side Policies 2.6
Demand side policies def types,
Interest rates monetary policy,
Impact of interest rates on consu...
10
cards
Supply-Side Policies 2.6
Supply side policies def,
2 types of supply side policies,
Interventionist policies examples3
8
cards
Conflicts & Trade-offs between objectives and Policies
Conflicts between objectives7,
Short run phillips curve u,
Conflict between policies4
3
cards
GDP
Gdp eval,
Real gdp formula
2
cards
Impact of Economic Growth 2.5
Impacts of growth on consumers4,
Impact of growth on firms4,
Impact of growth on government3
4
cards
Reducing fiscal deficit
Reducing fiscal deficit and natio...,
Cons of macro policies,
Austerity to reduce national debt
4
cards
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Economics - Theme 2
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