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

Decks in this class (13)

Topic 1: Money
What is money,
How does money act as a unit of a...,
Explain how money acts as a mediu...
10  cards
Topic 2: Standards of Money & Current Monetary Issues
When was the gold standard,
What are some commodity standards,
What is greshams law
7  cards
Topic 3: Classical Economics and Walras
Classical view and dichotomy,
Forms of walras model,
Demand in walras s model
23  cards
Topic 4: Keynesian Monetary Theory
Indirect quantity theory,
Keynes compared to indirect quant...,
Keynesian characteristics of money
13  cards
Topic 5: Portfolio Theory
Deriving baumol s rule,
Baumol s square rule,
Mc and mb of holding money
9  cards
Topic 6: Monetarism
Milton friedman s quantity theory...,
Restating miltons equation,
Show how an expansion in the mone...
17  cards
Topic 7: Rational Expectations
Rational expectations,
Expectations in rational expectat...,
Adaptive expectations
5  cards
Topic 8: Inflationary Adjustments
Nairu,
Approximate form of qt,
Graphing money changes
4  cards
Topic 9: Interest Rates
Inflation premium,
Real interest rate,
Taylor rule descriptive
21  cards
Topic 10: Public Sector
Government budget constraint,
Npv of tax,
Ricardian equivalence
19  cards
Topic 11: Optimal Currency Areas & Exchange Rates
Optimal currency area theory,
Advantages to currency areas,
Disadvantages to currency areas
10  cards
Topic 12: Financial Crisis
Financial crisis definition,
Why fin crisis occur,
Consequences of crisis
9  cards
Topic 13: Practice Questions
Monetary policy in a crisis,
Classical quantity theory in a cr...,
Monetarists and crisis
14  cards

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ECON3210

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