economics - sept yr13 Mcternan

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

Decks in this class (27)

1) International Trade - MMT
What are exports,
What are imports,
Exports are a i
27  cards
2) Exchange rates: an introduction -MMT
What are the 4 functions of money,
What is the most important functi...,
What does currency mean
19  cards
3) Calculating Exchange Rates - MMT
What is a currency,
What is the uk s currency,
What is the exchange rate
12  cards
4) Fixed v Floating Exchange Rates - MMT
Who are fixed rates determined by,
How does the central bank activel...,
Floating x rates are not managed ...
21  cards
5) Causes of Exchange Rate Changes - MMT
What is an x rate,
If a country s currency is allowe...,
If the exchange rate is semi fixe...
16  cards
6) Consequences of Exchange Rate Changes - MMT
How can floating rates be greatly...,
As x rates are ultimately a price,
Anything will tend to lower the v...
27  cards
7) International Competitiveness - MMT
Being competitive means that pote...,
How can good value be reflected,
What is the main main factor that...
22  cards
8) Globalisation - MMT
What is globalisation,
What are the consequences of glob...,
What are the 5 causes of globalis...
15  cards
9) Evaluate comparative advantage as an explanation of international trade patterns - MMT
What is international trade,
What are exports,
What are imports
20  cards
revision resource - 30 Q
How does economic development dif...,
How is economic development measured,
Explain the components of this me...
30  cards
10) Evaluate the impact of the performance of emerging economies on other economies
Developed economies eg usa france...,
What are the 3 components of hdi,
How do you have a high hdi
13  cards
11) (from yr12) introducing economic development
Economic growth is often considered,
How does economic growth occur in...,
How does economic growth occur in...
20  cards
12) (from yr12) sustainable development
What is economic development how ...,
How is growth closely linked to d...,
Why may growth not always lead to...
14  cards
13) Protectionism
What does international trade inv...,
What does comparative advantage m...,
What is protectionism
24  cards
14) Explain Economic Integration
What is international trade,
Free trade and protectionism,
What is economic intergration
11  cards
15) free trade and the wto
What is protectionism,
What are the most common protecti...,
What does free trade ivolve linki...
22  cards
16) poverty and inequality
Income is a,
How do we earn income,
Wealth is a
31  cards
17) poverty and inequality - macro objectives
How does economic growth benefit ...,
How does economic growth not bene...,
How does economic growth benefit ...
14  cards
18) introducing the phillips curve
What does the phillips curve link...,
How was the link established,
What does the trade off suggest
7  cards
19) the neo-classical phillips curve
What were neo classicals view on ...,
What is nru explain,
How have the neo classicals adapt...
10  cards
20) evaluating phillips curve arguments
Why do neo classical believe ther...,
How is srpc linked to the keynesi...,
When does nru shift
9  cards
21) money
What is fiat money,
What is legal tender,
What are money s main functions
8  cards
22) money supply
What is money supply,
What is narrow money,
What is broad money
10  cards
23) how are interest rates determined?
What is an interest rate,
Where does the demand for money c...,
How to show interest rates and mo...
8  cards
24) financial sector
Who has roles in the financial se...,
Why is the financial sector impor...,
What are savings
21  cards
25) finance sector and economic development
The financial sector of an econom...,
How can the financial sector prom...,
More specific to developing count...
6  cards
26) The Bank of England
What are the bank of england s ma...,
Summary of main role of bank of e...,
What authorities are involved in ...
8  cards

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economics - sept yr13 Mcternan

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