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Decks in this class (32)
A Brief History of Modern Macroeconomics
Macroeconomic theory
23
cards
Circular Flow Theory
Macroeconomic theory
24
cards
Aggregate Demand and Aggregate Supply (AD/AS) Model
What is the ad as model used for ...,
What is the key question analyzed...,
What are the two types of aggrega...
43
cards
Output Gaps
What is an output gap,
What is a negative output gap,
What is a positive output gap
27
cards
Economic Growth
What is short run economic growth,
What is long run economic growth,
What does a ppf diagram illustrat...
14
cards
Full Employment
What is the definition of full em...,
What type of unemployment is abse...,
What is the natural rate of unemp...
48
cards
Structural Unemployment
What is structural unemployment,
What are some causes of structura...,
How does structural unemployment ...
54
cards
History of Structural Unemployment in the UK
What economic model characterized...,
What were the key features of the...,
What was the demand for labor in ...
52
cards
Comparing Structural Unemployment Across UK Recessions
What economic policies drove the ...,
Which sectors suffered mass closu...,
What was the peak unemployment ra...
26
cards
Gov Responses to Structural Unemployment in the UK post 1980s
What was a key challenge in the 1...,
What policy focused on reducing i...,
What were the interest rates in 1...
50
cards
Regional Breakdown of Structural Unemployment post 1980s
What was the main cause of struct...,
Which cities in northern england ...,
What was the unemployment rate in...
52
cards
6.1
Definition of economics,
Definition of economics,
Government s 4 main objectives po...
31
cards
6.2
Performance indicators,
Monetary policy indicator,
Fiscal policy indicator example
5
cards
7.1
Macroeconomic theory,
National income,
National capital stock
5
cards
7.2
Reflationary policies,
Equilibrium national income ad,
Economic shocks
11
cards
Inflation
Definition of inflation,
Why is inflation always related t...,
Inflation in commodity money vs f...
37
cards
Employment & unemployment
Measures of unemployment,
Distinction between unemployment ...,
Employment unemployment and inact...
94
cards
Fiscal policy
Why was the obr needed,
2024 spring budget national insur...,
2024 spring budget growth
105
cards
Recent statistics
To be updated regularly
20
cards
Monetary policy
Macroeconomic policy
22
cards
Money and financial institutions
Money is defined by its functions...,
Currency is a highly liquid asset...,
Why are we willing to accept paym...
17
cards
10.1: Globalisation
Definition of globalization,
Causes of,
The causes of globalisation techn...
46
cards
10.4 Exchange rates
Definition of exchange rates,
The gold standard,
Basket of currencies
18
cards
Absolute Advantage
What is the definition of absolut...,
How does absolute advantage diffe...,
What does the concept of absolute...
16
cards
The Balance of Payments (BoP)
What is the balance of payments bop,
What are the main components of t...,
What does the current account record
21
cards
The Current Account in the Balance of Payments
What does the current account track,
What does the current account mea...,
What are the main components of t...
34
cards
The Balance of Trade in Goods
What does the balance of trade in...,
Define trade surplus,
Define trade deficit
15
cards
The Balance of Trade in Services
What type of economy is the uk ch...,
Which sector dominates the uk eco...,
What is the contribution of servi...
15
cards
BoP: Deflation as an Expenditure-Reducing Policy
What are deflationary policies ai...,
What is a contractionary fiscal p...,
What does contractionary monetary...
17
cards
BoP: Direct Import Controls as Expenditure-Switching Policies
What are direct import controls,
What is the primary aim of direct...,
Do direct import controls address...
32
cards
BoP: Devaluation or Currency Depreciation as an Expenditure-Switching Policy
What is the exchange rate,
What does devaluation refer to in...,
What is an adjustment peg
41
cards
BoP: Supply-side Policies and the Current Account Deficit
What does the current account mea...,
What occurs during a current acco...,
What are supply side policies aim...
45
cards
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Paper 2 Economics
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