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Leo Fellows
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Decks in this class (23)
1.1 circular flow of income
Definition of ad,
Three injections into the economy,
Three leakages out the economy
4
cards
1.2 AD
Definition of ad,
Definition of pl,
What is an increase in the pl kno...
26
cards
1.3 AS
Definition of as,
Definition of sras,
What causes a shift in the sras c...
10
cards
1.4- interaction of AD + AS
Macroeconomic indicators,
Examples of macroeconomic indicators
2
cards
1.5- the multiplier
What is the multiplier,
What economics theory does the mu...,
What happens if government undere...
9
cards
2.1- economic growth
What is economic growth,
Methods of calculating gdp,
Output approach
20
cards
2.2- economic development
Economic development,
Primary sector,
Secondary sector
12
cards
2.3 - employment
Employment,
Unemployment,
Working population
27
cards
2.4 - inflation
Inflation,
Disinflation,
Deflation
10
cards
2.5 - balance of payment
Bop,
Inflow,
Outflow
17
cards
2.7 - income distribution / welfare
Income,
Income distribution,
Income inequality
10
cards
2.8 - rates of unemployment
Natural rate of unemployment,
Non accelerating inflation rate o...,
Stagflation
5
cards
3.1 - fiscal policy
Government budget,
Budget surplus,
Budget deficit
24
cards
3.2 - monetary policy
Aims of monetary policy,
Monetary policy tools,
Inflation targets
9
cards
3.5 - supply side policies
Supply side policies,
Types of ssps,
Interventionalist ssp
16
cards
4.1 - International Trade
International trade,
Patterns of trade,
Uk patterns of trade
5
cards
4.2 - exchange rates
Exchange rate,
Depreciation in er,
Appreciation in er
12
cards
4.3 - globalisation
Globalisation def,
Factors promoting globalisation,
Strengths of globalisation
18
cards
4.4 - trade policies + negotiations
Protectionism,
Tariff,
Quota
18
cards
5.1 - money + interest rates
Functions of money must be,
Characteristics of money,
Money supply
11
cards
5.2 - financial sector
Why is the fs important for devel...,
Harrod domar model states econ de...,
Higher savings
10
cards
5.3 - financial regulation
Role of the cb,
Banker to gov,
Implement monetary policy
10
cards
Calculations
Gdp ad,
Multiplier,
Mpc
15
cards
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macroeconomics
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