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By:
Charlie Smillie
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Decks in this class (42)
Economics Intro
Interest rates,
Basic economic problem,
Opportunity cost
18
cards
Market Demand
Market,
Demand,
Effective demand
17
cards
PPFs + Econmoic Systems
Ppf,
What cause a right shift in a ppf,
What causes a left shift in a ppf
12
cards
Production
Production,
Productivity,
Output of g s equation
10
cards
Price Elasticity Of Demand
Ped definition,
What ped means 00 1 11,
Determinants of pes 7
5
cards
Supply
Supply,
Price and supply relationship,
Movement along the demand curve
5
cards
Market Equlibrium
Market equilibrium,
Market disequilibrium,
Outward shift of market demand
4
cards
YED and XED
Yed,
What type of good yed positiveneg...,
Xed
6
cards
Market Functions
Supply increase,
Supply decreases,
Demand increases
9
cards
PES
Pes,
Pes 1 0 1 0,
Pes equation
5
cards
Market Failure
Market failure,
Complete market failure,
Partial market failure
25
cards
Unequal Distribution Of Income And Wealth
Income,
Wealth,
Gini coefficient
7
cards
Monoplies
Types of monopolies 5,
Causes of monopolies 5,
Types of barriers protecting mono...
8
cards
Plagouvian Subsidies And Taxes
Plagouvian subsidy,
Plagouvian taxes,
Indirect tax effects on tue exter...
3
cards
Minimum And Maximum Prices
Minimum price,
Uses of minimum prices 4,
Maximum price
4
cards
Privitsation And Regultion
Privatisation,
Benefits privatisation 6,
Drawbacks of privatisation 6
10
cards
Direct Taxes
Hypothecation,
Direct tax,
Progressive tax
5
cards
Government Subsidies And Failure
Subsidies,
Subsidy examples 3,
Justification for subsidies 5
10
cards
Aggregte Demand
Aggregate demand,
Components of ad,
Ad equation
41
cards
Unemployment
Unemployment,
Level of unemployment,
Rate of unemployment
33
cards
Circular Flow of Income
Circular flow of income,
Leakages in the economy,
Injections in the economy 3
6
cards
Econmic Indicators
Leading indicators,
Examples of leading indicators 3,
Lagging indicators
7
cards
Inflation
Inflation,
How is inflation measured,
What is the boe target for inflation
12
cards
Aggregate Supply
Lras,
Outward shift in lras,
Changes in gdp caused by 5
14
cards
Classical And Keynesian
Classical assumptions 5,
Classical expansion and restorati...,
Classical recession and restorati...
6
cards
Phillips Curve
Reasons for the phillips curve 2,
Stagflation,
Movement in pc cause
8
cards
The Balance Of Payments
Balance of payments,
Sections of the balance of paymen...,
Current account contents 4
7
cards
Economic Growth
Economic growth,
Recession,
Gdp
20
cards
Balance Of Payments
Current account deficit,
Current account surplus,
Trading deficit
10
cards
Consequences Of Inflation
Consequences of inflation,
Equation for real interest rate,
Fiscal drag
3
cards
Disinfaltion
Disinflation,
Marshall lerner condition
2
cards
Delfation
Deflation,
Malevolent bad deflation,
Benign good deflation
5
cards
Conflicting MEPOs
Unemployment and inflation conflicts,
Economic growth and equality 3,
Economic growth and the environme...
8
cards
Monetary Policy
Monetary stability,
Stable prices,
Monetary policy
27
cards
Fiscal Policy
Fiscal policy,
Key roles of fiscal policy 6,
Top three areas of government spe...
17
cards
Quantative Easing
How does quantitive easing work 5,
Why does the liquidity trap effec...,
How to overcome a liquidity trap
5
cards
Taxation
Adam smiths cannons if taxation 4,
Lower corporation tax advantages 5,
Lower corporation tax disadvantag...
6
cards
Supply Side Policies
Supply side view,
Macro objectives achieved via sup...,
Supply side policies will 2
16
cards
Regulation
Main functions of a central bank 4,
What policy operations do the boe...,
Prudential regulation authority
20
cards
Money
Characteristics of money 7,
Functions of money,
Narrow money
15
cards
Behavioural Economics
Traditional economics assumes 3,
Behavioural economics,
Bounded rationality
19
cards
Exchange Rates
Exchange rates,
Factors affecting exchange rates 6,
Floating exchange rate
20
cards
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Economics
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