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MACRO ECONOMICS

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

By: alessia turner
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Decks in this class (22)

What Is Macroeconomics?
Macroeconomics definition 1,
The main economic objectives are 2,
Economic growth 3
20  cards
National Income
Stock 1,
Flow 2,
National output 3
11  cards
Circular Flow Of Income
Circular flow of income 1,
Injections 2,
Withdrawals 3
13  cards
Components Of Aggregate Demand
8 components of aggregate demand 1,
Marginal propensity to consume mpc 2,
Difference between lras and sras 3
21  cards
The Accelerator
Investment spending 1,
Savings 2,
Capital investment 3
11  cards
The Multiplier
Multiplier effect 1,
Illustrates how 2,
Example individual increases spen...
23  cards
Economic Growth + Economic Cycle
Economic growth and the ppf 1,
Economic growth ppf 2,
Trend rate of growth 3
24  cards
Employment + Unemployment
Two main measures of unemployment...,
Voluntary unemployment 2,
Involuntary unemployment 3
32  cards
Inflation + Deflation
What is the inflation target 1,
Inflation 2,
Deflation 3
26  cards
Central Banks And Monetary Policy
Expansionary monetary policy poli...,
Contractionary monetary policy po...,
Monetary policy 3
26  cards
Essay Structure
Ao skills 1,
Structure 25 marker 2,
9 marker 3
6  cards
Fiscal Policy
What is fiscal policy 1,
The tools of fiscal policy 2,
Fiscal policy 3
22  cards
Taxation
Proportional taxation 1,
3 main categories of tax 2,
Taxes on income direct taxes 3
26  cards
Supply Side Policies
Supply side policies 1,
Supply side policies diagram 2,
Benefits 3
36  cards
Fiscal Policy - Budget Deficits + Surpluses
Budget balance 1,
Budget surplus 2,
Budget deficit 3
18  cards
Balance Of Payments
The balance of payments 1,
The transactions can be broken do...,
The current account 3
19  cards
Index Numbers
Indexation 1,
Example 2,
Calculating growth rates 3
7  cards
Exchange Rates
Strong weak pound 1,
Freely floating exchange rates 2,
Hot money flows 3
11  cards
Money
Functions of money 1,
Characteristics of money 2,
Narrow money 3
5  cards
Financial Market
0  cards
Growth And Development
Blank 1,
Growth vs development 2,
Growth 3
5  cards
The Philips Curve
0  cards

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MACRO ECONOMICS

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