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Decks in this class (24)
2.1.1 Economic Growth (Edexcel)
What is economic growth,
What is gdp,
What are three ways of calculatin...
38
cards
2.1.2 Inflation (Edexcel)
What is inflation,
What is the uk inflation target,
What is the boe s job
30
cards
2.1.3 Employment and Unemployment (Edexcel)
What are the measures of unemploy...,
Explain what the claimant count is,
What are the advantages of the cl...
46
cards
2.1.4 Balance of Payments (Edexcel)
What are the balance of payments,
What does the current account inc...,
What does the balance of trade in...
25
cards
2.2.1 Characteristics of Aggregate Demand (Edexcel)
What is aggregate demand,
What are the components of ad,
What is consumption c
22
cards
2.2.2 Consumption (Edexcel)
What are other influences on cons...,
What is disposable income,
What is the relationship between ...
28
cards
2.2.3 Investment (Edexcel)
What is investment,
What is gross investment,
What is net investment
24
cards
2.2.4 Government spending
What is budget deficit,
What is budget surplus,
What is a cyclical budget deficit
14
cards
2.2.5 Net trade (X – M)
What are exports,
What factors affect demand for ex...,
What is a tariff
10
cards
2.3.1 Characteristics of aggregate supply
What is aggregate supply,
What is the short run and long run,
Explain what short run aggregate ...
6
cards
2.3.2 Short run aggregate supply (SRAS)
Why is the short run as curve upw...,
What happens when a business is n...,
What happens when production cost...
12
cards
2.3.3 Long run aggregate supply (LRAS)
Explain what long run as is,
What are changes in a nation s po...,
What does the classical view of l...
34
cards
2.4.1 National Income
Explain what the circular flow is,
What does the circular flow model...,
What does the circular flow look ...
16
cards
2.4.2 Injections and withdrawals
For an open economy ie a country ...,
For an open economy ie a country ...,
What happens when injections with...
5
cards
2.4.3 Equilibrium real national output
When does equilibrium national in...,
What does short run equilibrium l...,
What is the impact of an increase...
11
cards
2.4.4 The Multiplier
What is the multiplier effect,
How does the multiplier effect co...,
How do you calculate the total ch...
20
cards
2.5.1 Causes of Economic Growth
What is short run economic growth,
How does short run economic growt...,
What are factors that could cause...
13
cards
2.5.2 Output gaps
What is the output gap,
What is a positive output gap,
What is a negative output gap
5
cards
2.5.3 Trade (Business) Cycle
What is a boom,
What is a slowdown,
What is a recession
17
cards
2.5.4 Impact of economic growth
Explain the benefits of economic ...,
Explain the costs of economic growth,
What does the impact of economic ...
3
cards
2.6.1 Possible macroeconomic objectives
What are the key macro objectives
1
cards
2.6.2 Demand side policies
What are the 3 categories of macr...,
What is a cyclical fiscal deficit,
What is the national debt
42
cards
2.6.3 Supply-side policies
What are the different approaches...,
What are supply side policies,
What are the main objectives of s...
14
cards
2.6.4 Conflicts and trade-offs between objectives and policies
What are potential conflicts betw...,
How might there be potential conf...,
Describe the trade off between eg...
13
cards
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theme 2 macroeconomics
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