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Economics - Theme 2 (Macro Economics)

This class was created by Brainscape user Henry Shadrack. Visit their profile to learn more about the creator.

By: Henry Shadrack
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Decks in this class (24)

2.1.1 - Economic Growth
What is real growth,
What is potential growth,
What is gross domestic product gdp
34  cards
2.1.2 - Inflation
What is inflation p l,
What is inflation,
How is inflation changes in the p...
12  cards
2.1.3 - Employment and Unemployment
12  cards
2.1.4 - Balance of Payments
What is the balance of payments,
18  cards
2.2.1 - The Characteristics of Aggregate Demand (AD)
What is aggregate demand,
11  cards
2.2.2 - Consumption (C)
What is consumption,
Determinants of consumption wealth,
Determinants of consumption income
14  cards
2.2.3 - Investment (I)
What is i,
12  cards
2.2.4 - Government Spending (G)
What is govt spending,
10  cards
2.2.5 - Net Trade (X-M)
W,
13  cards
2.3.1 - The Characteristics of Aggregate Supply (AS)
What is aggregate supply,
16  cards
2.3.2 - Short Run AS
12  cards
2.3.3 - Long Run AS
10  cards
2.4.1 - The Circular Flow of Income
1  cards
2.4.2 - Injections and Withdrawals
1  cards
2.4.3 - Equilibrium Levels of Real National Output
What is the multiplier effect,
What is an example of the multipl...,
What is the equation for the mult...
5  cards
2.4.4 - The Multiplier
Short r,
Economic growth on a short run pff,
Long run growth ppf
5  cards
2.5.1 - Causes of Growth
Cause of short run growth,
6  cards
2.5.2 - Output Gaps
What is an output gap,
What is the trend growth rate,
What is actual gdp
5  cards
2.5.3 - Trade (Business) Cycle
What is the trade cycle,
What is a boom,
What is a recession
6  cards
2.5.4 - The Impact of Economic Growth
Bens of economic growth,
Bens of economic growth,
Bens of economic growth
10  cards
2.6.1 - Possible Macro Economic Objectives
Economic growth,
Low unemployment,
4  cards
2.6.2 - Demand-Side Policies
What are demand side policies,
What is monetary policy,
What is fiscal policy who decides it
14  cards
2.6.3 - Supply Side Policies
What are supply side policies,
Labour market policies reducing i...,
Labour market policies reducing w...
12  cards
2.6.4 - Conflicts and Trade-offs between Objectives and Policies
What are the 6 main macro economi...,
Why does conflict occur between t...,
Give an example of inflationary g...
4  cards

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Economics - Theme 2 (Macro Economics)

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