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Ini Kazeem
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Decks in this class (62)
Key things to remember
Who controls interest rates monet...,
Who controls fiscal policy,
Who first coined the liqudity tra...
4
cards
UK Economy Stats 2023
Economic growth in 2022,
Uk economy contraction in 2020,
Current growth figures in q4 2022
28
cards
1.4 Macroeconomic Equilibirum
Macroeconomic equilibrium ad shif...,
What happens to growth in macroec...,
What happens to unemployment in m...
12
cards
1.5 Output Gaps and Adjustments
What is a negative output gap,
What is a positive output gap,
What is the classical model s res...
14
cards
2.1 Growth
What is real gdp,
What is economic growth,
What are the benefits of using na...
46
cards
2.1 - Signposting
Benefits of using national income...,
Problems with real gdp as a measu...,
Problems with real gdp as measure...
10
cards
2.2 Inflation
How is inflation measured using t...,
What are the problems with using ...,
Why is the cpi basket prone to se...
37
cards
2.2 - Signposting
Benefits of inflation,
Costs of inflation,
Evaluation of whether inflation i...
6
cards
2.3 Unemployment
What is the definition of unemplo...,
What is the problem with the labo...,
What is the problem with the lfs ...
36
cards
2.3 Signposting
Problem with lfs labour force sur...,
Types of unemployment,
Causes of structural unemployment
8
cards
2.4 Income Inequality and Poverty
What is income inequality,
What is poverty,
What is one cause of income wealt...
23
cards
2.4 - Signposting
Causes of income wealth inequality,
Consequences of income inequality...,
Consequences of income inequality...
5
cards
2.5 Policies to Redstribute Income
What are transfer payments and ho...,
How can government spending on es...,
Evaluation what are the potential...
14
cards
2.5 - Signposting
The 4 policies to redstriute income,
Evaluation transfer payments,
Evaluation government spending on...
5
cards
3.1 - Fiscal Policy
What is fiscal policy,
Why do governments levy taxes,
How do governments use taxes to r...
43
cards
3.1 Diagrams
Expansionary fiscal policy diagrams,
Fiscal policy and automatic stabi...
2
cards
3.1 Signposting
Why do governments levy taxes,
Governments spend money in the ec...,
Expansionary fiscal policy opposi...
11
cards
Ricardian Equivalence
What are the arguments against ri...,
What is ricardian equivalence,
Cognitive biases and ricardian eq...
4
cards
3.2 Monetary Policy
Monetary policy diagram,
What is monetary policy,
How can the central bank reduce i...
34
cards
3.3 Supply Side Policies
1 how does government spending on...,
2 how does government spending on...,
3 what is the impact of governmen...
21
cards
3.2 - Signposting
How the central bank reduces inte...,
Expansionary monetary policy the ...,
What does expansionary monetary p...
9
cards
4.1 International Trade
What is free trade,
What is absolute advantage,
What is comparative advantage 1
31
cards
4.1 - Singposting
Comparative advantage evaluation,
Benefits of free trade
2
cards
4.1 - Diagram
Free trade diagram analysis,
Free trade diagram labelling
2
cards
4.2 Diagrams
Tariff diagram analysis,
Tariff diagram labelling,
Quota diagram analysis
5
cards
4.2 Protectionism
1 why do developing countries imp...,
Evaluation why may imposing prote...,
Evaluation why may developing cou...
23
cards
4.2 - Signposting
What is protectionism,
Reasons for protectionism costs o...,
Evaluation for this point
10
cards
4.3 Arguments for UK Membership of the EU (Arguments Against Brexit)
1 what is one of the arguments fo...,
Evaluation what is the condition ...,
2 why is the uk seen as an attrac...
15
cards
4.3 - Signposts
Arguments for uk membership of th...,
Evaluaition for this point,
Evaluation for this point
6
cards
5.1 The Current Account of the Balance of Payments
What is the balance of payments,
What does the current account mea...,
What is one demand side cause of ...
12
cards
5.2 Consequences of a Current Account Deficit
1 what happens when a country has...,
2 what is the impact of a current...,
3 how does a current account defi...
9
cards
5.3 Consequences of a Current Account Surplus
1 what happens when a country has...,
2 how does a current account surp...,
3 how does a current account surp...
4
cards
5.4 Expenditure Reducing Policies to Rectify a Current Account Deficit
1 what are examples of expenditur...,
Evaluation what are the potential...,
Q what is protectionism
26
cards
6.1 Diagrams
61 floating exchange rate causes ...,
Floating exchange rate causes of ...
2
cards
6.1 - Floating Exchange Rates
What is an exchange rate,
What is a fixed exchange rate,
What is a floating exchange rate
15
cards
6.2 Fixed Exchange Rate - How to Keep an Exchange Rate Fixed
How can a central bank maintain a...,
Manipulate its currency reserves,
Lower interest rates
6
cards
6.3 Exchange Rate Changes
1 what is one advantage of a weak...,
2 how does a weak exchange rate c...,
What are the effects of a depreci...
10
cards
6.3 - J-Curve
Draw the j curve
1
cards
6.4 - Exchange Rate Changes - Aprpreciation
1 what are the consequences of a ...,
Evaluation how does a strong exch...,
1 how does exchange rate apprecia...
4
cards
6.5 - The Floating Exchange Rate
1 what is one advantage of floati...,
2 how does floating exchange rate...,
3 how can a floating exchange rat...
12
cards
Definition of Absolute Poverty and Relative Poverty
Absolute poverty,
Relative poverty,
What is the international poverty...
3
cards
8 Globalisation
Q1 what is globalisation,
Q2 how has trade liberalization c...,
Q3 how have trading blocs contrib...
26
cards
QE
What is quantitative easing,
What is quantitative easing,
What is the potential negative im...
6
cards
5.1 Signposting
Demand side causes of a current a...,
Supply side causes of a current a...
2
cards
5.2 Signposting
Consequences of a current account...,
Current account deficit evaluation
2
cards
5.3 - Signposting
Consequences of a current account...
1
cards
8 Terms of Trade
Q1 what is meant by the terms of ...,
Q2 how is the terms of trade calc...,
Q3 how can the terms of trade worsen
26
cards
9.1 - Growth and Development
Q1 what is economic development,
Q2 how does specializing in the p...,
Q3 how does income growth contrib...
15
cards
9.3 Human Development Index
1 what are the pros of using the ...,
3 how does the hdi allow countrie...,
4 in what way does the hdi aid in...
6
cards
9.8 Foreign Aid
1 what are long term loans in for...,
2 what is tied aid in the context...,
3 what does project aid involve i...
15
cards
5.4 - Signposting
Expenditure reducing policies to ...,
Evaluation of expenditure reducin...,
Expenditure switching policies to...
7
cards
6.1 Signposting
Factors that shift demand for the...,
Factors that shift supply for the...
2
cards
6.2 Signposting
How could a central bank maintain...,
How could a central bank maintain...
2
cards
6.3 - Signposting
Depreciation devaluation pros,
Depreciation devaluation cons,
Exchange rate depreciation evalua...
3
cards
6.4 - Signposting
Exchange rate changes appreciatio...,
Exchange rate change appreciation...
2
cards
10.1 - Commercial and Investment Banking
1 what are the functions of a com...,
2 how do commercial banks generat...,
3 how do commercial banks facilit...
8
cards
10.2 Commercial Bank Failure
1 what is a liquidity crisis in c...,
2 what is insolvency in commercia...,
1 what is systemic risk in the co...
5
cards
10.3 Objectives of a Commercial Bank
1 what is the main objective of a...,
Evaluation why is excessive pursu...,
2 what is the objective of liquid...
4
cards
10.4 - The Central Bank
1 what is the role of the central...,
2 what are the pros of the centra...,
Evaluation what are the cons of t...
3
cards
10.5 Financial Market Failure
What is financial market failure,
1 what is excessive risk in finan...,
2 how does asymmetric information...
5
cards
10.6 Financial Market Regulation
1 what is the role of the financi...,
2 what is the role of the prudent...,
3 what is the role of the financi...
27
cards
Multiple Choice Things
Formula for economic growth rate,
Formula for real gdp,
Calculating unemployment rates in...
15
cards
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