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By:
Jamie Emerick
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Decks in this class (37)
1) sustainable development and economic development
What does structure of the econom...,
What is sustainable development,
Whatre the 4 objectives of the uk...
12
cards
15) The Financial Sector In Developing Countries
What are financial sectors like i...,
What are financial sectors like i...,
What is the harrod domar model an...
11
cards
2) income distribution and wealth
What is income give examples,
What is wealth give examples,
What is poverty and what is it ge...
12
cards
3)Poverty
What are the two types of poverty...,
Problems with measuring relative ...,
Problems with measuring absolute ...
6
cards
4) Globalisation
What is globalisation,
5 causes of globalisation,
5 consequences of globalisation
7
cards
5) The impact of multinational corporations
What is an mnc,
Characteristics of an mnc,
Benefits of mncs
4
cards
6) Protectionism
What is protectionism,
What are tariffs,
What are quotas
10
cards
7) Economic intergration
What is economic integration,
What is a free trade area eg nafta,
What is a customs union
13
cards
8) marshall lerner curve
What is the marshall lerner condi...,
What does the j curve look like show,
Why does the j curve look how it ...
3
cards
9) schools of economic thoughts
What is keynesian economics conce...,
What is austrian economics concer...,
What do neo classic economists think
3
cards
9) the Phillips curve
What does the keynesian phillips ...,
What does a neo classic phillips ...,
What do neo classical economists ...
6
cards
10) the financial sector
What are commercial banks,
What are investment banks,
What are pension funds
24
cards
11) International organisations
What does the wto stand for and w...,
What methods do the wto use to pr...,
What is the imf and what does it do
7
cards
12) The role of the central bank
What are the 4 main functions of ...,
How does the role of an independe...,
Why is an independent central ban...
14
cards
13) regulation of financial institutions
What is contagion related to the ...,
Why are financial institutions re...,
What are the disadvantages of und...
10
cards
14) exchange rates
What are the 2 types of exchange ...,
What are the 4 ways of measuring ...,
What is devaluation and revaluati...
9
cards
measuring economic development
What ways can economic developmen...,
Benefits and drawbacks of hdi val...,
Benefits and drawbacks of using g...
3
cards
ESSAY: To what extent will high economic growth lead to sustainable economic development?
Definitions of economic growth an...,
How high economic growth might le...,
How high economic growth might no...
4
cards
ESSAY: evaluate the consequences of high levels of inequality for a developed economy
Definitions of inequality,
Disadvantages of inequality in a ...,
Advantages of inequality in a dev...
4
cards
ESSAY: evaluate whether the Phillips curve accurately explains the relationship between inflation and unemployment
Definitions of the phillips curve,
How the phillips curve is accurat...,
How the phillips curve isnt accur...
4
cards
ESSAY: evaluate with an appropriate diagram whether reducing a negative output gap will always improve macroeconomic performance
Definitions of negative output ga...,
Why it can improve macroeconomic ...,
Why it can be harmful for macroec...
4
cards
ESSAY: evaluate the extent to which the success of emerging economies has benefited developed emerged economies?
Definitions of emerging economies...,
How successful emerging economies...,
How successful emerging economies...
4
cards
ESSAY: Evaluate, with the aid of a diagram, the effectiveness of using monetary policy to achieve the governments macroeconomic objectives
Definitions of monetary policy an...,
How it can be effective with a di...,
How it may not be effective with ...
4
cards
ESSAY: evaluate with the aid of a diagram whether supply side reforms will always improve macroeconomic performance
Definitions of macroeconomic perf...,
Why it might improve objectives,
Why it might not be useful for ob...
4
cards
ESSAY: evaluate the extent to which comparative advantage is the main determinant of world trade patterns
Definition of comparative advantages,
Why comparative advantage can det...,
Why other factors have an effect ...
4
cards
ESSAY: evaluate using a diagram whether joining a customs union will benefit an economy
Definition of a customs union,
Benefits of joining a customs union,
Drawbacks of joining a customs union
4
cards
ESSAY: evaluate whether a central bank such as the federal reserve should always prioritise meeting their inflation target
Definitions of inflation target,
Why the central bank should prior...,
Why a central bank may choose not...
4
cards
ESSAY: evaluate with the use of an appropriate diagram whether the Keynesian view or Neo classical view of the shape of the LRAS is more useful in designing government economic policy
Definitions of keynesian economic...,
Why keynesian view is more useful,
Why the neo classical view is mor...
4
cards
ESSAY: evaluate whether a central bank should ever allow a retail bank to fail (lender of last resort)
Definition of lender of last reso...,
Why it shouldnt allow a retail ba...,
Why it could allow a retail bank ...
4
cards
ESSAY: evaluate the effectiveness of the world bank in promoting economic growth and development
Definitions of world bank growth ...,
Why world bank may be good,
Why the world bank may not be so ...
4
cards
ESSAY: evaluate the extent to which changes in the structure of an economy will influence its ability to achieve sustainable development
Definitions of structure of the e...,
How changes in the structure of a...,
How changes in the structure of a...
4
cards
Advantages and disadvantages
2 advantage and disadvantages of ...,
2 advantage and disadvantages of ...,
2 advantage and disadvantages of ...
8
cards
Key facts and figures
What is unemployment at the moment,
How many unfilled job vacancies,
How much has youth unemployment c...
24
cards
Multiplier and accelerator
What is the multiplier,
How is the multiplier worked out,
What does the affect of the multi...
3
cards
Exam preparation
Main advantages of globalisation,
What should globalisation be link...,
What diagrams can be used for glo...
34
cards
financial sector essays/ revision
Evaluate the relevance of the qua...,
Evaluate the importance of the fi...,
Evaluate the importance of financ...
10
cards
MCQ revision
Differences between claimant coun...,
How do you work out real economic...,
What are the components of static...
13
cards
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year 13 macroeconomics
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