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Economics Macro Y1 > Automatic Stabilizers of Fiscal Policy > Flashcards

Automatic Stabilizers of Fiscal Policy Flashcards

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Economics Macro Y1 (42 decks)

Macro Objectives of Government (Growth, Unemployment, Inflation, Trade - TIGERS )

Circular Flow of Income

Aggregate Demand- Shifts and the Downward Slope

Consumer Spending and Aggregate Demand

Savings and aggregate demand - Determinants of savings

Investment and AD

Government spending and AD

Net Exports and AD

Aggregate Supply- SRAS and LRAS (Classical and Keynes)

Macroeconomic Equlibrium

Macroeconomic Equilibrium shifts- AD, SRAS, LRAS

AS/AD shifts & Macro indicators- Exam Technique

Multiplier effect and Accelerator

Measures of Economic Growth & Living Standards- GNI, GDP, GDP per capita, Green GDP

Causes of Economic growth (Short Run and Long Run)

The Economic Cycle (Business cycle) - Stages, characteristics and causes

Costs and Benefits of Economic Growth for Living standards (With Evaluation)

How is Unemployment Measured? - Labour Force Survey (LFS)

Types and Causes of Unemployment( Cyclical, Structural, Frictional and More)

The Natural Rate of Unemployment

Costs and benefits of Unemployment

The CPI Inflation Measure- Constructing and Calculating a CPI Index

Causes of Inflation- Demand Pull and Cost Push Inflation

Costs and Benefits of Inflation

Deflation- Causes and Consequences (Deflation can be deadly!)

Government Spending and Taxation- Types and Reasons

Progressive, Proportional and regressive tax systems

Fiscal Policy- Government Spending and Taxation

Fiscal Policy- Problems and Evaluation

Automatic Stabilizers of Fiscal Policy

Rising Budget Deficits and National Debt- Pros and Cons and Evaluation

Contractionary fiscal policy (Deficit & Debt Reduction) Pros, Cons, Eval

Monetary Policy- Interest Rates, Money Supply & Exchange Rate

Monetary Policy- Problems and Evaluation

Contractionary Monetary Policy- Higher Interest Rates

Supply Side Policies( Interventionist and Market Based) with Evaluation

Policies to Increase Growth & Living Standards- With Eval

Policies to reduce Unemployment (Cyclical, Structural and Frictional) - With Evaluation

Policies to Reduce Inflation (Demand Pull, Cost Push)- With Eval

Macro Policy Tradeoffs with Evaluation

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