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Macroeconomics 1

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

By: Kaite M
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Decks in this class (12)

Week 1
Define economics,
Define an incentive,
What are 4 fundamental questions ...
19  cards
Week 2 - The Great Depression
Define the great depression,
What was the prevailing view prio...,
Describe the stock market crash
17  cards
Week 3 - National Income Accounting
What is the purpose of national i...,
What two models are the accounts ...,
What is the production function e...
34  cards
Week 4 - Economic Growth
Define economic growth,
What is per capita growth,
Why is the lack of growth a problem
32  cards
Week 5 - Labour Force
Describe the micro model of emplo...,
Describe the effect of an increas...,
Describe the effect of automakers...
20  cards
Week 6 - Inflation
Define the real economy,
Define the financial economy,
What is the purpose of financial ...
24  cards
Week 7 - Aggregate Expenditure Model
What is aggregate expenditure,
What does the ae model do,
Is the price level assumed to be ...
25  cards
Week 8 - AS-AD Model
What is says law,
What does keynes say about says law,
What does the as ad model do
31  cards
Week 9 - History of Economics
What is mercentilism,
3 things adam smith post mercanti...,
5 key points of classical economis
35  cards
Week 10 - Financial Markets
Purpose of money,
What are the properties money sho...,
What is the problem with commodit...
28  cards
Week 11 - fiscal policy
What is an automatic stabiliser,
Discretionary definition,
What is the gov purchase tax mult...
16  cards
Week 12 - Open Economy Markets
What are the 3 dimensions of openess,
What is the balance of payments,
What is the current account
31  cards

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Macroeconomics 1

  • Class purpose General learning

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