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Principles of Macroeconomics

This class was created by Brainscape user Heather Kwolek. Visit their profile to learn more about the creator.

By: Heather Kwolek
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Decks in this class (10)

Chapter 1 - Ten Principles of Economics
Economics 0,
Scarcity 1,
Efficiency 2
19  cards
Chapter 2 - Thinking Like an Economist
Production possibilities frontier 0,
Circular flow diagram 1,
Microeconomics 2
6  cards
Chapter 3 - Interdependence and the Gains From Trade
Opportunity cost 0,
Absolute advantage 1,
Comparative advantage 2
5  cards
Chapter 4 - The Market Forces of Supply and Demand
Competitive market 0,
Market 1,
Quantity demanded 2
20  cards
Chapter 5 - Measuring a Nation's Income
Consumption 0,
Gross domestic product gdp 1,
Investment 2
8  cards
Chapter 6 - Measuring the Cost of Living
Inflation rate 0,
Consumer price index cpi 1,
Producer price index 2
6  cards
Chapter 8 - Saving, Investment, and the Financial System
Financial markets 0,
Financial system 1,
Bond 2
13  cards
Chapter 10 - Unemployment
Unemployment rate 0,
Labor force 1,
Labor force participation rate 2
14  cards
Chapter 11 - The Monetary System
Medium of exchange 0,
Money 1,
Unit of account 2
25  cards
Chapter 13 - Open-Economy Macroeconomics: Basic Concepts
Open economy 0,
Closed economy 1,
Exports 2
15  cards

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Principles of Macroeconomics

  • Class purpose General learning

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