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Prelims - Macroeconomics

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

By: Jakub Trybull
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Decks in this class (19)

1 Introduction to Macroeconomics
Define macroeconomics 1,
What is a model 2,
What elements are needed when con...
10  cards
2 Measuring the Macroeconomy
Define gdp 1,
What are the different approaches...,
Equation for gdp what approach do...
27  cards
3 Classical Theory: Long Run
Equation and assumptions 1,
What is the equation for consumpt...,
Define marginal propensity to con...
30  cards
4 Overview of Long-Run Economic Growth
Define growth rate 1,
Equation for growth rate national...,
Equation for income involving gro...
11  cards
5 A Model of Production
What does a production function t...,
Standard production function 2,
Define marginal product of capital 3
18  cards
6 The Solow Growth Model
The two things that output can be...,
What is the capital accumulation ...,
What are the change in capital eq...
14  cards
7 Growth and Ideas
What do we class as objects 1,
What do we class as ideas 2,
Chain of thinking from ideas to p...
30  cards
8 The Labour Market, Wages, and Unemployment
Define unemployment rate 1,
Equation for unemployment rate 2,
Two key principles of unemployment 3
25  cards
10 Introduction Into the Short Run
What do the short run and long ru...,
What is one important assumption ...,
Equation for short run output gap 3
14  cards
11 The IS Curve
What is the basic relationship be...,
Plot the is curve what are the ax...,
What equations do we use for each...
30  cards
9 Inflation
Define inflation 1,
Define hyperinflation 2,
Define monetary base 3
25  cards
12 Monetary Policy and the Phillips Curve
What is the main tool of monetary...,
Define federal funds rate 2,
What is the structure of the shor...
33  cards
13 Stabilisation Policy and the AS/AD Framework
What are the three basic equation...,
What is the essential trade off o...,
What is the monetary policy rule ...
29  cards
10 The Monetary System
Define money 1,
What are the functions of money 2,
What do we mean by store of value 3
15  cards
14 Consumption
What proportion of gdp does consu...,
What is the neoclassical consumpt...,
First insight of the neoclassical...
27  cards
15 Investment
What have we concluded about how ...,
What does the arbitrage equation ...,
Mpk equation 3
22  cards
16 Government Debt and Budget Deficit
4 measurement problems with gover...,
How does inflation cause problems...,
What is capital budgeting 3
23  cards
17 International Trade
0  cards
18 Exchange Rates
0  cards

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Prelims - Macroeconomics

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