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Eric Heyworth
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Decks in this class (27)
Market changes - Revision
What happens to equilibrium price...,
What happens to equilibrium quant...,
What happens to equilibrium price...
8
cards
Aggregate Demand
What does c stand for in ad equation,
What is the formula for aggregate...,
What does i stand for in the ad e...
6
cards
Government + Interest
What are interest rates,
What are aer and apr interests,
What happens with someone with lo...
7
cards
base index
When do we use base data,
What is the base for the data no,
How do we calculate index numbers
5
cards
Macro Economic Objectives - Economic Growth - GDP
How is economic growth measured,
What is gdp,
What is the difference between no...
8
cards
Economic Cycle
What does the economic cycle grap...,
What are the x and y axis labelle...,
When the real gdp is up to the le...
6
cards
Macro economic objectives - Employment
What is employment defined,
What is unemployment,
Who actually counts towards unemp...
10
cards
Impact of unemployment on Economic Agents + Factors affecting
What impact is there on the gover...,
What impact is there on the indiv...,
What impact is there on producers...
4
cards
Macro economic objectives - Inflation
How is inflation measured,
What is inflation,
What are the two types of inflation
11
cards
Effects of Inflation
What happens to price and inequal...,
What happens to real income when ...,
What do banks do to promote savings
7
cards
Inflation - Winners vs Losers + Control
Who will win from high inflation ...,
Who will lose from high inflation 5,
What are the two graphs we need t...
6
cards
Macro economic objectives - Inequality
What is the distribution of income,
What is income,
What is wealth
7
cards
Macro economic objectives - Balance of Payments
What is the balance of payments bop,
Which account does the bop focus on,
What does the balance of trade fo...
12
cards
Fiscal Policy - Contractionary vs Expansionary
What does the government decide o...,
What are the two ways two graphs ...,
What is a budget deficit
13
cards
Fiscal Policy - Achieving government objectives + Budget surplus vs deficit
How can fiscal policy help achiev...,
How can fiscal policy maintain fu...,
How can fiscal policy help contro...
8
cards
Fiscal Policy - Taxation
What are the 4 types of taxation,
What is a progressive tax,
What is a regressive taxa
12
cards
Monetary Policy
What is the monetary policy goal,
What influences,
How does the monetary policy infl...
12
cards
Monetary Policy - Economic Objectives
What are the 3 economic objective...,
How can monetary policy be used t...,
How can monetary policy be used t...
4
cards
2.5 Role of Money
What is the definition of money,
What is classified as money,
What is not classed as money but ...
8
cards
2.5 Financial Sector
What is in a financial sector,
What are the 4 main financial agents,
What are the roles of the bofe 5
13
cards
Exchange Rates
What is exchange rate defined,
What is currency defined,
What is it called when exchange r...
10
cards
Factors affecting exchange rate
How does the current account stat...,
How does inflation influence exch...,
How do interest rates influence e...
6
cards
Effects of exchange rate on consumers and producers
When exchange rates appreciate wh...,
What happens to exports and what ...,
What happens to inflation as a re...
11
cards
Free Trade Agreements
What is international trade,
What is free trade,
What are some of the benefits of ...
5
cards
Globalisation
What is globalisation defined,
What 5 thing have increased globa...,
What are the two global institutions
5
cards
Globalisation - Pros and Cons to Developed Economies
For producers what are the 4 adva...,
For producers what are the 2 disa...,
What are the 2 advantages of glob...
6
cards
Globalisation - pros and cons developing economies
What are the 2 advantages to prod...,
What are the 2 disadvantages to p...,
What are the 2 advantages to work...
6
cards
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economics - unit 2 macro
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