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By:
Roshan Muppalla
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Decks in this class (24)
Ppf
Definition,
Allows for both,
Law of increasing opportunity cost
7
cards
Elasticities
Define ped,
Factors which affect ped,
Define pes
11
cards
Price Mechanism
Market equilibrium market clearin...,
Why will disequilibrium not persi...,
How is excess supply taken away b...
7
cards
Irrational Behaviour In Consumers
Habitual behaviour consumer inertia,
Bounded rationality caused by,
Bounded control
5
cards
Market Failure
Definition,
Types of market failure,
What causes externalities
7
cards
Externalities
Define negative externalities,
Dwl,
Negative externalities in consump...
6
cards
Information Gaps
Could lead to,
Apply to merit goods,
Apply to demerit goods
3
cards
1.4
Taxation can be used to,
Evaluate taxation,
Idea of subsidies
18
cards
Inflation
Process of calculating cpi,
Limitations of cpi use,
What is the rpi
7
cards
Employment And Unemployment
Lfs,
Cons of lfs,
Claimant count
14
cards
Multiplier
Define,
General formula,
Main formula
4
cards
Output Gaps
Actual growth,
Potential growth,
Negative output gaps
4
cards
Great Depression =
Fiscal policy,
Monetary policy,
Policy for financial crisis
4
cards
Philips Curve
Shows conflict between,
Inverse relationship between wage...,
High wage growth tends to lead to...
4
cards
Regional Trade Agreements
Problems between regional trade a...,
Conditions necessary for monetary...,
Essentially
3
cards
Non Tariff Barriers
Voluntary export restraints,
Embargo,
Excessive admin burdens red tape
4
cards
Global Trade Imbalances
Significance of global trade imba...,
Significance of global trade imba...,
Capital transfers
4
cards
Competitive Devaluation
Impact on net trade,
Government central bank does not
2
cards
Poverty
Causes of changes in absolute and...,
X and y on lorenz curve,
Formula for gini coefficient
5
cards
Factors Influencing Growth And Development
Volatility of commodity prices,
Foreign currency gap,
Capital flight
6
cards
4.4.1
To provide a market for equities
1
cards
Public Sector Finances
Discretionary fiscal policy,
Automatic stabilisers are,
Fiscal deficit
6
cards
4.5.4
Measures to reduce fiscal deficit...,
Measures to reduce poverty and in...,
Changes in ir and supply of money
7
cards
Policies
Demand side,
Fiscal policies are,
Expansionary
19
cards
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Recap
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