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

Decks in this class (16)

Chapter 1: Introducing Economics
Good,
Utility,
Bad
27  cards
Chapter 6
On what is the cpi based,
Price level,
Ppi
40  cards
Chapter 8: Aggregate Demand & Supply
3 components of the ad as framework,
The ad as framework relates,
Components of aggregate demand
61  cards
Chapter 9: The Self-regulating Economy
What does say s law imply,
Say s law,
What is needed for say s law to h...
15  cards
Chapter 7: GDP and Real GDP
Final good,
Gross domestic product,
Intermediate good
51  cards
Chapter 3: Demand and Supply
Market,
Demand,
Two important aspects of demand
38  cards
Chapter 10
4 classical position beliefs,
Efficiency wage models,
Assumptions for the simple keynes...
46  cards
Chapter 12: Money, Banking and the Financial System
Money,
3 major functions of money,
Barter
33  cards
Chapter 13: The South African Reserve Bank
5 functions of the sarb,
Formulation and implementation of...,
Why does the sarb conduct open ma...
12  cards
Chapter 14: Money & The Economy
Equation of exchange,
Velocity,
Simple quantity theory of money
17  cards
Chapter 15: Monetary Policy
Transmission mechanism,
Demand for money balances,
Why is the keynesian transmission...
27  cards
Chapter 16: Expectations Theory and the Economy
Phillips curve,
Relationship between money wage r...,
What does the inverse relationshi...
12  cards
Chapter 17: Economic growth: Resources, technology, ideas and institutions
Absolute real economic growth,
Per capita real economic growth,
Production function
10  cards
Chapter 21: International trade
Comparative advantage,
Tariff,
Quota
13  cards
Chapter 22: International Finance
Balance of payments,
Debit,
Foreign exchange market
25  cards
Chapter 23: Globalization
Globalization,
Tariff,
Offshoring
24  cards

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Economics 144

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