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

Decks in this class (20)

Definitions
Deflation,
Disinflation,
Inflation
12  cards
Taxes + PED & PES
What is a direct tax,
What is an indirect tax,
What is a specific tax
19  cards
Consumer + Producer Surplus + DMU & MISC
What is consumer surplus,
What is producer surplus,
What is the incidence of a subsidy
10  cards
Inflation
What is the inflation rate,
What are the two measures of pric...,
Why does the figures given by rpi...
17  cards
The Multiplier Effect
What is the multiplier effect,
What is the multiplier determined by,
What is the marginal propensity t...
14  cards
Unemployment and some BOP
What is frictional unemployment,
What is seasonal unemployment,
What is structural unemployment
7  cards
Aggregate Demand
What is the equation for ad,
What is the largest component and...,
What is the wealth effect
16  cards
Economic Growth
How will land help economic growth,
How do changes in demography affe...,
How do changes in participation r...
23  cards
XED + YED
What is the xed formula,
What does xed measure,
What do substitute goods have
11  cards
Price Mechanism
What is the price mechanism,
What are the 3 functions of the p...,
What does the signalling function do
9  cards
Balance of Payments and Current Account
What is the balance of payments a...,
What is the current account,
What is the capital financial acc...
11  cards
GDP and GNI
What is gdp,
What is gni
2  cards
1.3.1 (Market Failure)
What is market failure,
What are externalities,
What are under provision of publi...
4  cards
1.3.2 (Externalities)
What are private costs benefits,
What are social costs benefits,
What are external costs benefits
16  cards
1.3.3 (Public Goods)
What are public goods,
What is the free rider problem,
What is the free rider problem 2
3  cards
1.4.1 (Government Intervention)
Indirect taxation,
What are advantages of indirect t...,
What are disadvantages of indirec...
22  cards
Demand-side Policies
What is monetary policy,
What is fiscal policy,
What is a budget deficit
19  cards
Supply-side Policies
What are the aim of supply side p...,
What are market based policies,
What are interventionist policies
12  cards
Balance of Payments Boppidy Bop
What is balance of payments,
What is the current account,
What is the capital and financial...
13  cards
public speakin
What happens when you inhale,
What happens when you exhale,
Process of phonation vibration
4  cards

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Economics shush

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