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Sam Heron
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Decks in this class (23)
1.1 Economic Growth
What is gdp 1,
Ways of measuring gdp 2,
What is economic growth 3
16
cards
1.2 Inflation
What is inflation 1,
How is the rate of inflation meas...,
What is the bank of england target 3
18
cards
1.3 Employment/ Unemployment
Measures of unemployment 1,
Advantages of lfs 2,
Disadvantages of lfs 3
13
cards
1.4 Balance of Payments
What is the balance of payments 1,
What is the current account 2,
Components of bop 3
6
cards
2.1 Aggregate Demand
What is ad 1,
Ad formula 2,
Share of c 3
7
cards
2.2 Consumer Spending and Saving
What is mpc 1,
Factors affecting mpc 2,
What is mps 3
5
cards
2.3 Business Investment
What is gross investment 1,
What is net investment 2,
Macro effects of a rise in invest...
4
cards
2.4 Government Spending
What are automatic stabilisers 1,
Blank 2
2
cards
2.5 Exports of goods and services
What impacts demand for exports 1
1
cards
3.1 Aggregate Supply Characteristics
What is as 1,
What does lras represent 2
2
cards
3.2 Short-Run Aggregate Supply
What is sras 1,
Causes of shifts in sras 2,
External factors affecting sras 3
5
cards
3.3 Long-Run Aggregate Supply
What is lras 1,
Main factors affecting lras 2,
Evaluating effects of labour migr...
4
cards
4.1 National Income + 4.2 Injections & Withdrawals
How does the circular flow of inc...,
Circular flow diagram 2,
What are the injections into the ...
4
cards
4.3 Equilibrium Real National Output
Where is equilibrium 1,
What is the relation to injection...,
Effects of a fall in as 3
4
cards
4.4 The Multiplier
What is the multiplier effect 1,
Multiplier formulas 2,
What is mpt 3
6
cards
5.1 Causes of Economic Growth
What is economic growth 1,
What is short run growth 2,
What is long run gowth 3
8
cards
5.2 Output Gaps
What is the output gap 1,
Positive output gap 2,
Problems with measuring 3
3
cards
5.3 Trade (Business) Cycle
Causes of recession 1,
What is recession 2,
Short term effects of recession 3
7
cards
5.4 Impact of Economic Growth
Benefits of economic growth 1,
Drawbacks of economic growth 2,
What is the environmental kuznets...
4
cards
6.1 Possible Macroeconomic Objectives
What is the acronym 1,
What is digestif 2,
Current uk unemployment rate 3
5
cards
6.2 Demand-side Policies
2 categories 1,
What is fiscal policy 2,
What are automatic stabilisers 3
22
cards
6.3 Supply-side Policies
What are supply side policies 1,
Main aims of ss policies 2,
Uk vs germany r d 3
10
cards
6.4 Conflicts and Trade-offs between objectives and policies
Potential conflicts 1,
Measures to overcome potential tr...
2
cards
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Economics Theme 2
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