Macroeconomics Flashcards

What is Macroeconomics?

Many people studying Economics choose to specialize in macroeconomics. Economics is the study of human behavior in terms of how scarce resources are allocated, while macroeconomics is the branch of economics interested in with large-scale economic factors, such as interest rates and national productivity.

Macroeconomics did not exist a century ago and it was instances like The Depression of the 1930’s that prompted macroeconomists to create models and mechanisms to stabilize economies. John Maynard Keynes’s book “The General Theory of Employment, Interest and Money “ of 1936 was an attempt to explain and deal with the aftermath of The Great Depression and was the birth of Keynesian Economics.

Government macroeconomists attempt to record, monitor, predict and influence factors such as consumption, savings, inflation, investments, national income and output. Sometimes these attempts are successful but in other cases the results have been disastrous and have caused instances of hyperinflation where prices can double in less than a day!

Careers in Macroeconomics

Graduates with Macroeconomics degrees have great career prospects and can choose from a variety of  jobs including:

• Finance Analyst
• Global Economist
• Quantitative Research Analyst
• Risk Analyst
• Investment Strategist
• Revenue Manager

Economics graduates can use their degrees as a springboard to start well-paid careers in banking, finance, management, consulting, business, insurance, real estate, and human resources.

You can find about careers with a macroeconomics degree at The American Economics Association​. The ​National Bureau of Economics also has heaps of useful information. Taking a few minutes to watch this video from the team at Crash Course will give you the lowdown on macroeconomics.

Learning Macroeconomics

A number of degrees will include macroeconomics as a core subject such as Business, Accounting, and Finance. Many people take a broader degree and study macroeconomics along with Politics, Sociology, Philosophy and Law.

Macroeconomics students will be learning theories and facts along with analytical models in order to analyse complex problems and provide useful predictions.

Brainscape provides you with information in bite-sized pieces allowing you to build strong foundations with which to present your ideas and data confidently and accurately.

Macroeconomics in Brainscape

The Macroeconomics section has thousands of flashcards to select from whatever area you happen to be studying from Unemployment to the Wealth of Nations.

If you are hoping to major in a part or full Economics degree then make sure you make it to the college you want by acing your AP tests. Brainscape has content prepared by experts, especially for your AP macroeconomics and AP microeconomics exams.

Regardless of the content covered in Brainscape, some learners prefer to learn by making their own resources. If that’s the type of learner you are then you’re welcome to create your own personalized learning catalog of flashcards in Brainscape. It’s free and simple to use.

Learn faster with Brainscape

Confidence-Based-Repetition or CBR is the game-changing tool developed by Brainscape that is helping students learn twice as fast and remember longer.

The CBR system is a unique combination of Active Recall, Spaced Repetition, and Metacognition, which delivers unrivaled results for learners.

The first of these processes is active recall. Brainscape delivers content that learners must recall and the process has the effect of strengthening neurons and improving the memory trace. Many online learning tools present information in a way designed for you to only recognize the information which is not a useful way to learn effectively.

Secondly, CBR uses a method of learning called spaced repetition which is proven to be an effective and popular method of repeating small pieces of information at intervals. Spaced repetition increases the neural pathways in the hippocampus and overall memory trace is strengthened.

Brainscape, however, is unique in its use of metacognition in its CBR system. The system works by asking you to consider your understanding after each flashcard and giving your metacognitive rating from 1-5. Using that information the algorithm can place each card in the deck in the precise order for your optimal learning. Note cards that you know well will be shown infrequently freeing up your time to focus on weaker areas, that will be shown often.

Of course, as you learn the subject matter better, you’ll direct the algorithm to reshuffle the deck, so you never waste time.

The combination of all three of these processes makes Brainscape the most powerful learning engine on the education market.  

How to get started

You’re in the perfect place to get started learning macroeconomics with Brainscape.

The macroeconomics flashcards are neatly organized into different decks. Choose from Stock Markets, Inflation, Unemployment, Quantitative easing, Saving, and Income Inequality. Recap previous material or learn something new. There’s enough content to choose from different learners with varying styles and covering basic or complex levels.

Some learners like to author their own content and if you want to start your learning catalog then just click “make flashcards” at the top of the page to get started now.

We hope you enjoy using Brainscape’s educational tools and wish you all the best in your Economics studies and career.