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Harry Sroka
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Decks in this class (52)
Economics Definitions
Opportunity cost 1,
Production possibilities frontier...,
Factors of production 3
128
cards
2.1.1 Economic Growth
What is economic growth 1,
What is real gdp 2,
What is nomial gdp 3
7
cards
2.1.2 inflation
Define the term inflation 1,
Why is inflation an important eco...,
How do you calculate inflation 3
15
cards
2.1.3 (a-c) Unemployment
What is the ilo 1,
What is the lfs 2,
What is the claimant count 3
4
cards
2.1.3 Unemployment (d-f)
Structural unemployment 1,
Frictional unemployment 2,
Demand deficiency cyclical unempl...
5
cards
2.1.4 Balance of Payments
What is the balance of payments 1,
What 3 ways is the balance of pay...,
What does the current account con...
4
cards
2.2.1 The characteristics of Aggregate Demand
Ad sequence 1
1
cards
2.2.2 Consumption (C)
What is a consumers marginal prop...,
What is a consumers marginal prop...,
What is the wealth effect 3
5
cards
2.2.3 Investment (I)
What is gross investment 1,
What is net investment 2,
What are the key influences on in...
3
cards
2.2.4 Government Expenditure (G)
What are the 2 core influences on...,
What is the ricardian equivalance...
2
cards
2.2.5 Net Trade
What is net trade 1,
How does real income influence th...,
How do exchange rates influence t...
7
cards
2.3.1 Characteristics of AS
What is the as curve 1
1
cards
2.3.2 Short Run AS
What are the factors that influen...
1
cards
2.3.3 Long Run AS
Blank 1
1
cards
2.4.1 National Income
Describe the circular flow of inc...,
Distinction between wealth and in...
2
cards
2.4.2 Injections and Withdrawals
Blank 1
1
cards
2.4.3 Equilibrium Levels Of Real National Output
Blank 1
1
cards
2.4.4 The Multiplier
0
cards
2.5.1 Causes of Growth
What needs to happen for economic...,
How do improvements in the qualit...,
How can the government improve th...
8
cards
2.5.2 Output gaps
How is actual economic growth mea...,
What is a negative output gap 2,
What is a positive output gap 3
3
cards
2.5.3 Trade (business) Cycle
Describe the trade business cycle...,
Characteristics of a boom 2,
Characteristics of a recession 3
3
cards
2.5.4 The Impact Of Economic Growth
What is the impacts of economic g...,
What is the impact of economic gr...,
Impact of economic growth on the ...
5
cards
2.6.1 Possible Macroeconomic objectives
What are the 4 core macroeconomic...,
What are the 3 other macroeconomi...
2
cards
2.6.2 Fiscal policy
Main aims of fiscal policy 1,
2 instruments of fiscal policy 2,
Who controls the fiscal policy 3
3
cards
2.6.2 Monetary policy
What is monetary policy its main ...,
What is deflationary monetary pol...,
What is an expasionary monetary p...
5
cards
2.6.3 Supply Side Policies
What are the two types of supply ...,
What do supply side policies aim ...,
Some more specific examples of ma...
4
cards
2.6.4 Conflicts and tradeoffs between objectives
What is the conflict of objective...,
What is the conflict of objective...,
What is the conflict of objective...
4
cards
Theme 2 Application
Inflationary spiral 1,
Effect of inflation on consumers 2,
Effects of inflation on workers 2
31
cards
Theme 2 (MDF)
Structure for 25 marker 1,
Trade cycle axis 2,
Why do some consumers not want th...
404
cards
4.1.1 Globalisation
Define globalisation 1,
What are the factors that contrib...,
What are the impacts of globalisa...
8
cards
4.1.2, 4.1.2, 4.1.3 - International Trade: Specialisation, Patterns, and Terms of Trade
0
cards
4.1.5 Trade Blocs / WTO
0
cards
4.1.6 Restrictions on Free Trade
0
cards
4.1.7 Balance Of Payments
0
cards
4.1.8 Exchange Rates
0
cards
4.1.9 International competitiveness
0
cards
4.2.1 Absoloute and Relative Poverty
What is absolute poverty 1,
What is relative poverty 2,
What is the poverty line 3
7
cards
4.2.2 Inequality
What is the distinction between w...,
Describe a lorenz curve 2,
How do you measure income inequal...
7
cards
4.3.1 Measures Of Development
What is economic development and ...,
What is the human development ind...,
Explain the calculations around h...
6
cards
4.3.2 Factors influencing growth and development
What is primary product dependency 1,
What is the prebisch singer hypot...,
How does volatility in commodity ...
13
cards
4.3.3 Strategies influencing growth and development (a-c)
What are the market based strateg...,
How does trade liberalisation inf...,
How does the promotion of fdi wor...
24
cards
4.3.3 Strategies influencing growth and development (d)
How do the world bank operate inf...,
What are the criticisms of the wo...,
How do the imf operate influence ...
5
cards
4.4.1 Role of financial markets
What are financial markets 1,
How do financial markets facilita...,
How do financial markets lend to ...
6
cards
4.4.2 Market failure in the financial sector
How does market failure occur in ...,
How does asymmetric infomation ca...,
How do externalities cause market...
6
cards
4.4.3 Role of central banks
Whats the central bank s relation...,
How does the central bank regulat...,
How does the central bank control...
4
cards
4.5.1 Public expenditure
What are the 4 core types of gove...,
What are the general areas of exp...,
Relationship between average inco...
10
cards
4.5.2 Taxation
What is a progressive tax 1,
What is a regressive tax 2,
What is a proportional tax 3
13
cards
4.5.3 Public sector finances
What are automatic stabilisers 1,
Examples of automatic stabilisers 2,
What is discretionary fiscal poli...
8
cards
4.5.4 Macroeconomic policies in a global context
0
cards
Theme 4 Application
Absolute advantage 1,
Comparative advantage 2,
Containerisation 3
44
cards
Theme 4 (MDF)
0
cards
Macro Diagrams
0
cards
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WH Economics (Macro)
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