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Barbora Buc
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Decks in this class (25)
22. International trade
Free trade,
Arguments for protectionism,
Dumping
14
cards
23. Exchange rates
Define exchange rate,
List the financial institutions i...,
What are the exchnage rate systems
19
cards
24. Balance of payments
Current account,
What are the components of curren...,
Balance of trade in goods
26
cards
1. Introduction to economics
Adam smith,
Free market,
Social science
24
cards
Development economics
Absolute poverty,
Relative poverty,
Hdi
48
cards
2. Demand and supply
Define market,
Types of markets,
Core of market theory
13
cards
3. Market equilibrium, price mechanism, market efficiency
Define equilibrium,
Point of equilibrium,
How excess supply is created
12
cards
4. Elasticities
Define elasticity,
Define elasticity of demand,
Elasticities of demand
28
cards
5. Indirect taxes, subsidies and price controls
Define inderect tax,
How tax affects supply curve,
Types of indirect taxes
18
cards
12. Market failure
Define market failure,
Types of market failure,
Define public goods
20
cards
13. Level of overall economic activity
Define macroeconomics,
Define national income,
Explain circular flow of income m...
22
cards
14. AD
Define ad,
List components of ad,
Movement along vs shift of ad
11
cards
15. AS
Define aggregate supply,
Define short run,
Increase of output in the short run
13
cards
16. Macroeconomic equilibrium
Define national income,
Explain short0run economic equili...,
Explain long run macroeconomic eq...
9
cards
17. Low unemployment
Define unemployment,
Define labour force,
Who are not part of the labour force
19
cards
18. Low and stable rate of inflation
What is price stability,
Define inflatoni,
Disadvatages of high inflation
17
cards
19. Economic growth
What are the three main macroecon...,
Define economic growth,
Short term vs long term economic ...
7
cards
20. Equity in the distribution of income
Reasons for low income poverty,
Consequences of poverty,
Define equity
8
cards
25. Economic integration
Bilateral vs multilateral trade a...,
Define trading bloc,
The sategs of economic integration
11
cards
27. Economic development
Definition of economic growth vs ...,
What are the sources of economic ...,
How higher economic growth affect...
6
cards
28. Measuring development
Define relative poverty,
Define absolute poverty,
Define a poerty trap
7
cards
29. Domestic factors and development
What are the institutional factor...,
Define institutions,
Define infrastructure
4
cards
30. International trade and development
What are the barriers to developm...,
What are the trade strategies for...,
What are the development strategies
6
cards
31. FDI and economic development
Define fdi,
Whate are the ways of giving fdi,
Reasons why mncs are attracted to...
4
cards
32. Aid, debt and economic development
Define aid,
Reasons for providing aid,
What are the types of aid what ar...
12
cards
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Economics revision
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