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Saira Alissa
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Decks in this class (34)
Macro 1 - How to Measure the Macroeconomy
What are the main objectives of g...,
What data is commonly used to mea...,
Indicator and objective
41
cards
Macro 2
Economic agent definition,
What are the 3 key economic agents,
Households
26
cards
Macro 3 - Balance of Payments on Trade
Balance of payments definition,
Exports definition,
Imports definition
40
cards
Macro 4 - Determinants of AD and SRAS
Aggregate definition,
Aggregate demand definition,
Aggregate supply definition
18
cards
Macro 5 - Short Run and Long Run Analysis
What are the fundamental determin...,
Long run aggregate supply definition,
Capacity definition
16
cards
Macro 6 - Short Run and Long Run Growth
Short run and long run growth,
What does short run growth depend on,
Demand side shocks definition
23
cards
Macro 7 - The Economic Cycle
Economic cycle definition,
Boom definition,
Boom features
27
cards
Macro 8 - Types, Causes, Measures And Costs Of Unemployment
Basic costs of unemployment,
Lfs,
Cc
21
cards
Macro 9 - Inflation, Deflation, Disinflation. Measures, Causes and Costs
2 ways to measure inflation,
Basket of goods,
Rpi
25
cards
Macro 10 - Macroeconomic Objectives
List the conflicting macroeconomi...,
Conflicting macroeconomic objecti...,
Conflicting macroeconomic objecti...
9
cards
Macro 11 - Financial Markets and Monetary Policy
Demand side definition,
Supply side definition,
Fiscal policy definition
47
cards
Macro 12 - Monetary Policy
Monetary policy definition,
Monetary policy summary,
Monetary policy may involve
19
cards
Macro 13: Supply Side Policy
Natural rate of unemployment info,
Natural rate of unemployment defi...,
Nairu definition
21
cards
Macro 14 - Evaluating Fiscal and Monetary Policy
Positive side effects of demand s...,
Problems evaluation demand side p...,
Fiscal policy evaluation crowding...
6
cards
Macro 15 - Evaluating Supply-Side Policy
Potential problems with supply si...,
Potential problems with supply si...,
Potential problems with supply si...
7
cards
Market Failures of Financial Markets
When does market failure occur,
List of market failures in financ...,
Market failure in financial marke...
11
cards
Micro 1
The fundamental basic economic pr...,
Scarcity,
Economic activity
9
cards
Micro 2
What is the central purpose of ec...,
Key economic decisions are,
Factors of production
18
cards
Micro 3 - Consumer Behaviour, Utility And The Demand Curve
Consumer behaviour,
Ways to measure utility,
What is the national unit measure...
29
cards
Micro 4 - Productivity, a firm's costs and the supply curve
What does production do,
Division of labour definition,
Division of labour advantages
33
cards
Micro 5 - Price Equilibrium and the Market Mechanism
What are the two types of economy,
What type are most economies,
How to resolve fundamental econom...
49
cards
Micro 6 - Interrelationship Between Markets
Joint demand,
Competitive demand,
Composite demand
16
cards
Micro 7 - Revenue, Profit and Efficiency
Total revenue definition,
Average revenue definition,
Marginal revenue definition
20
cards
Micro 8 - Consumer and Producer Surplus And Allocative Efficiency
Consumer surplus definition,
Producer surplus definition,
Net welfare gain definition
18
cards
Micro 9 - Economies and Diseconomies of Scale
Economies of scale definition,
Diseconomies of scale definition,
Increasing returns to scale defin...
27
cards
Micro 10 - Market Failure, Positive and Negative Externalities
Q explain with an appropriate dia...,
Market failure definition,
Externalities definition
19
cards
Micro 11 - Public and Private Goods
Public goods definition,
Non excludability definition,
Non rivalry definition
13
cards
Micro 12 - Government Intervention, Taxation and Subsidies
The impact of an indirect tax dia...,
The impact of a subsidy diagram e...,
Welfare loss from tax and subsidy
15
cards
Micro 13 - Behavioural Economics and Causes of Market Failure
Classical economists belief,
Homo economicus definition,
Why doesnt the homo economicus as...
22
cards
Micro 14 - Objectives of Firms, Perfect Competition and Monopoly
Spectrum of competition between d...,
How to distinguish between differ...,
How is the competitiveness of an ...
28
cards
Micro 15 - Regulation and Direct Provision
Regulation definition,
What do regulations do,
Why may regulations not be very s...
22
cards
Micro 16 - Price Controls
Use of price controls,
Price controls definition,
Maximum price controls definition
18
cards
Micro 17 - Pollution Permits
Background pollution,
Traditional methods to tackle pol...,
Pollution permits
9
cards
Micro 18 - Competition Policy
Who enacts competition policy,
What are the aims of competition ...,
When will competitive authorities...
20
cards
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