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matt foulerton
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Decks in this class (30)
Economic growth/cycle
Macro economic objectives of the ...,
Real gdp per capita,
Limitations of gdp as a measure o...
14
cards
Recessions
A recession,
Causes of recessions,
Supply side shock
4
cards
inflation
Inflation and its measurements,
Costs of inflation 1,
Costs of inflation 2
15
cards
Deflation
Deflation,
Deflation caused by increased pro...,
Deflation caused by falling ad
4
cards
fiscal policy
Fiscal policies,
Stabilisers,
Injections and withdrawals
11
cards
fiscal policy - government borrowing
Public sector borrowing,
Chancellors golden rule,
Cyclical deficit
10
cards
Monetary Policy
Monetary policy,
Tools of monetary policy,
Tight monetary policy
10
cards
Unemployment
Phillips curve,
Monetarist view of the phillip curve,
Monetarist view of an increase in ad
11
cards
Balance Of Payments
The current account on the balanc...,
Current account deficit,
Reasons for a current account def...
11
cards
International Trade
Advantage,
Benefits of free trade 1,
Benefits of free trade 2
6
cards
Globalisation
Causes of globalisation 1,
Causes of globalisation 2,
Impact of globalisation
10
cards
Exchange rates
Causes of appreciation in exchang...,
Effect of an appreciation in exch...,
However the impact of appreciatio...
7
cards
Euro / Monetary Union
Joining the euro involves,
Advantages of joining the euro 1,
Advantages of joining the euro 2
6
cards
Measures to Increase Competitiveness / Supply side policies
Measures to increase competitiven...,
Measures to increase competitiven...
2
cards
Taxation
Taxation,
Impact of increasing rate of inco...,
An increase in government spendin...
8
cards
supply side policies
Definition,
Supply side policies examples 1,
Supply side policies examples 2
5
cards
Comparative advantage (terms of trade)
1 comparative advantage,
2 economic theory,
3 opportunity cost ratios
7
cards
European union
European union,
Benefits of eu single market 1,
Benefits of eu single market 2
5
cards
transmission mechanism (monetary policy)
Transmission mechanism of monetar...
1
cards
trade protectionism (look at quotas)
Quota,
Imposing a quota,
Tariff
6
cards
Laffer curve
Laffer curve,
Laffer curve suggests
2
cards
types of unemployment
Cyclical unemployment,
Structural unemployment,
Frictional search unemployment
4
cards
single market
A single market involves,
Benefits of a single market,
Costs of a single market
4
cards
standards of living
0
cards
benefits of consumption
0
cards
diamond model
0
cards
tax brackets
0
cards
fiscal policy multiples
Evaluation of fiscal policy,
Economic effects of government bo...,
Advantages of govt borrowing
3
cards
external shocks
Introduction,
What do external shocks effect,
Categories of external shocks
10
cards
How a big country effects the UK (Would a Chinese slowdown cause a recession)
Facts,
Direct effects on uk economy,
Indirect effects on uk economy
4
cards
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economics macro
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