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

Decks in this class (40)

government macro objectives
Who are macro objectives set by,
What are the macro objectives,
How does the government aim to ac...
32  cards
macro objectives : conflicts and changes
What can happen when the gov trie...,
What are some conflicts that exis...,
Conflict explaination of economic...
12  cards
macro economic indicators
What did macro economic indicator...,
What does the data from macro eco...
29  cards
using index numbers
What are index numbers used for,
Using cpi to calculate inflation,
How is rpi calculated
4  cards
using national income data
What is national the total value of,
What does the national income ind...
11  cards
the circular flow of income
What is income,
What is normally used to measure ...,
What is nominal gdp
16  cards
injections and withdrawals into the circular flow
How are injections represented,
What are withdrawals,
What do injections do
15  cards
aggregate demand
What is aggregate demand,
What is the ad equation,
Explain each of the components
24  cards
short run aggregate supply
What is aggregate supply,
Draw short run as curve diagram a...,
What causes a movement along the ...
17  cards
Long run aggregate supply
What does the long run aggregate ...,
What can impact lras,
Draw the shift in long run aggreg...
14  cards
macroeconomic equilibrium
When does real national output eq...,
Draw the classic short run equili...,
What do free market economists be...
11  cards
the multiplier and basic accelerator process
What is ad the determinant of,
Diagram the influence of ad on re...,
What does the multiplier state
16  cards
Economic growth
What is short run economic growth,
What is long run economic growth,
What will cause short run demand ...
10  cards
The impact of economic growth
Benefits of economic growth,
The costs of economic growths,
What is the impact of economic gr...
5  cards
the economic cycle
What does economic cycle refer to,
What will the real gdp do,
What does the long term trend rat...
18  cards
employment and unemployment
How is someone considered unemployed,
What does the labour consist of,
What does the non labour include
30  cards
price level : inflation
What is inflation,
What is deflation,
What is disinflation
17  cards
Price level : Deflation
When does deflation occur,
What can cause deflation,
What is demand side deflations ba...
20  cards
price level : global influences
Then does imported inflation occur,
Why do commodity prices play a cr...,
What are the 2 common sources of ...
8  cards
conflicts between the macroeconomic objectives
Macro economic goal low employmen...,
Macro economic goal low and stabl...
2  cards
financial assets
What is debt,
What is equity,
The difference between debt and e...
14  cards
commercial and investment banks
What are commercial banks,
What are investment banks,
The characteristics of commercial...
9  cards
central banks and monetary policy
What are the main functions of a ...,
Role of the central bank,
Banker to the government
15  cards
monetary policy transmission mechanisms
Monetary policy actions,
Monetary policy actions interest ...,
Monetary policy actions exchange ...
22  cards
regulation the financial system
What are the regulatory bodies se...,
What is the the prudential regula...,
What is the financial policy comm...
11  cards
fiscal policy : an introduction
What does fiscal policy involve,
What does fiscal expansionary pol...,
What does fiscal contractionary p...
14  cards
Fiscal policy : Types of public expenditure and taxation
What are the main sources of gove...,
What are direct taxes,
What are indirect taxes
21  cards
fiscal policy : Budget balances and national debt
How is the government budget pres...,
What is a balance budget,
What is a budget deficit
21  cards
introduction to supply side policies
What do supply side policies aim ...,
What are the 2 categories of supp...,
Definition of supply side policy
12  cards
types of supply side policies
What do free market based supply ...,
Explanation of free market supply...,
Explanation of free market supply...
21  cards
globalisation
What does gloabilsatin refer to,
Causes of globalisation,
Causes of globalisation explained
11  cards
international trade
What does international trade do,
What is comparative advantage,
What are the assumptions of compa...
5  cards
benefits and costs of trade
What is free trade,
What are the economic benefits of...,
Benefits of free trade explained
8  cards
protectionist policies
Why may a country adopt protectio...,
Reasons why may a country adopt p...,
What are the consequences of prot...
4  cards
protectionist policies:tarrifs
What is a tariff,
When would a domestic producer re...,
Draw diagram for tariffs imposed ...
12  cards
Protectionist Policies: Quotas & Export Subsidies
What is a quota,
How does an export subsidy work
2  cards
types of economic integration
When does economic integration occur,
What is a trading bloc,
What are the different types of t...
10  cards
economic growth and development
What is economic development,
What is economic growth
7  cards
factors that affect growth and development
Economic factors that affect grow...,
Economic factors that affect grow...,
What are the barriers to economic...
4  cards
Policies to Promote Growth & Development
Market based strategies to genera...,
Market based strategies to genera...,
Market based strategies to genera...
12  cards

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macro economics

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