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Leo Fellows
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Decks in this class (23)
1.1 circular flow of income
Definition of the circular flow o...,
Three injections into the economy 2,
Three leakages out the economy 3
4
cards
1.2 AD
Definition of ad 1,
Definition of pl 2,
What is an increase in the pl kno...
26
cards
1.3 AS
Definition of as 1,
Definition of sras 2,
What causes a shift in the sras c...
10
cards
1.4- interaction of AD + AS
Macroeconomic indicators 1,
Examples of macroeconomic indicat...
2
cards
1.5- the multiplier
What is the multiplier 1,
What economics theory does the mu...,
What happens if government undere...
9
cards
2.1- economic growth
What is economic growth 1,
Methods of calculating gdp 2,
Output approach 3
20
cards
2.2- economic development
Economic development 1,
Primary sector 2,
Secondary sector 3
12
cards
2.3 - employment
Employment 1,
Unemployment 2,
Working population 3
27
cards
2.4 - inflation
Inflation 1,
Disinflation 2,
Deflation 3
10
cards
2.5 - balance of payment
Bop 1,
Inflow 2,
Outflow 3
17
cards
2.7 - income distribution / welfare
Income 1,
Income distribution 2,
Income inequality 3
10
cards
2.8 - rates of unemployment
Natural rate of unemployment 1,
Non accelerating inflation rate o...,
Stagflation 3
5
cards
3.1 - fiscal policy
Balanced gov budget 1,
Budget surplus 2,
Budget deficit 3
24
cards
3.2 - monetary policy
Aim of monetary policy 1,
Monetary policy tools 2,
Inflation targets 3
9
cards
3.5 - supply side policies
Supply side policies 1,
Types of ssps 2,
Interventionalist ssp 3
16
cards
4.1 - International Trade
International trade 1,
Intra regional trade 2,
Uk patterns of trade 3
5
cards
4.2 - exchange rates
Exchange rate 1,
Depreciation in er 2,
Appreciation in er 3
12
cards
4.3 - globalisation
Globalisation def 1,
Factors promoting globalisation 2,
Strengths of globalisation 3
18
cards
4.4 - trade policies + negotiations
Protectionism 1,
Tariff 2,
Quota 3
18
cards
5.1 - money + interest rates
Functions of money must be 1,
Characteristics of money 2,
Money supply 3
11
cards
5.2 - financial sector
Why is the fs important for devel...,
Harrod domar model states econ de...,
Higher savings 3
10
cards
5.3 - financial regulation
Role of the cb 1,
Banker to gov 2,
Implement monetary policy 3
10
cards
Calculations
Gdp ad 1,
Multiplier 2,
Mpc 3
15
cards
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Macroeconomics
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