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18ECA001 Principles of Macroeconomics Semester 1

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

By: Leon Gogiqi
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Decks in this class (15)

L1 - Introduction to Macro
What did marshall explain economi...,
What are the instruments used in ...,
What are the main targets
6  cards
L2 - Circular Flow of Income: From Quesnay to Keynes
What is a key feature of all econ...,
Why is value equivalents only use...,
In a proper economy what replaces...
15  cards
L3 - Measures of National Income,Output and Expenditure
What are the three ways to calcul...,
What is the output method,
Whats one of the problems of the ...
30  cards
L4 - Interpreting National Income Measures
Whats the expenditure method formula,
How do you show each component pa...,
How do you calculate private savi...
16  cards
L5 - Aggregate Spending and Business Cycles
What are trade business cycles,
What are the differing periods of...,
Why was there a greater regularit...
28  cards
L6 - Aggregate Expenditure and The Multiplier
What is needed to use the equilib...,
What is the multiplier effect,
What does the government sector c...
15  cards
L7 - Net Exports,Equilibrium Income and Economic Policy (HAS SOME STUFF ON EXCHANGE RATES TOO)
What are exports,
What are imports,
How can imports be denoted
18  cards
L8 - Aggregate Demand
What causes ae to shift,
What is keynes view on consumption,
What is friedmans and modiglianis...
25  cards
L9 - Determination of Wage,Price and Supply
What is determined to be the only...,
What are the factors affecting mo...,
Why are wage bargains struck
17  cards
L10 - The AD-AS Model
What are the shift variables in t...,
What are ad shocks,
What are as shocks
15  cards
L11 - Cycles in Economic Acitivity
What are the types of cycles,
What did long cycles identify,
What is the expansion ascendant p...
21  cards
L12 - Unemployment, Causes, Consequences and Cures
What is unemployment,
What are the two measures of unem...,
What is the calculation for the c...
20  cards
L13 - Classical Model of Economic Growth
Whats the definition of economic ...,
What are the 4 points about the d...,
What is the uks growth experience
11  cards
L14 - The Neo-Classical Model of Growth (Solow-Swan Model)
What was concluded on growth in 1952,
Why did progress drastically in t...,
What is the national accounting d...
21  cards
L15 - Economic Growth: Evidence, Benefits and Costs
What are the benefits of economic...,
What are the costs of economic gr...,
Why is opportunity cost a cost of...
12  cards

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18ECA001 Principles of Macroeconomics Semester 1

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