ENGLISCH SS19/20 Baretto at Universität Passau

Flashcards and summaries for ENGLISCH SS19/20 Baretto at the Universität Passau

Arrow Arrow

It’s completely free

studysmarter schule studium
d

4.5 /5

studysmarter schule studium
d

4.8 /5

studysmarter schule studium
d

4.5 /5

studysmarter schule studium
d

4.8 /5

Study with flashcards and summaries for the course ENGLISCH SS19/20 Baretto at the Universität Passau

Exemplary flashcards for ENGLISCH SS19/20 Baretto at the Universität Passau on StudySmarter:

factors of production/factor of income        

Exemplary flashcards for ENGLISCH SS19/20 Baretto at the Universität Passau on StudySmarter:

Circular flow consists :    

Exemplary flashcards for ENGLISCH SS19/20 Baretto at the Universität Passau on StudySmarter:

leakages
 (withdrawls) and injections    

Exemplary flashcards for ENGLISCH SS19/20 Baretto at the Universität Passau on StudySmarter:

GDP/BIP def German    

Exemplary flashcards for ENGLISCH SS19/20 Baretto at the Universität Passau on StudySmarter:

hawk/dove ( falke/ente) inflation, what does it mean??    

Exemplary flashcards for ENGLISCH SS19/20 Baretto at the Universität Passau on StudySmarter:

two types of infaltion    

Exemplary flashcards for ENGLISCH SS19/20 Baretto at the Universität Passau on StudySmarter:

tauschwirtschaft    

Exemplary flashcards for ENGLISCH SS19/20 Baretto at the Universität Passau on StudySmarter:

hyper inflation

Exemplary flashcards for ENGLISCH SS19/20 Baretto at the Universität Passau on StudySmarter:

tight versus loose fiscal policy ( interest rate)

Exemplary flashcards for ENGLISCH SS19/20 Baretto at the Universität Passau on StudySmarter:

Keynes versus monetarist ( approaches to inflation)


Exemplary flashcards for ENGLISCH SS19/20 Baretto at the Universität Passau on StudySmarter:

Exemplary flashcards for ENGLISCH SS19/20 Baretto at the Universität Passau on StudySmarter:

begünstigen    

Your peers in the course ENGLISCH SS19/20 Baretto at the Universität Passau create and share summaries, flashcards, study plans and other learning materials with the intelligent StudySmarter learning app.

Get started now!

Flashcard Flashcard

Exemplary flashcards for ENGLISCH SS19/20 Baretto at the Universität Passau on StudySmarter:

ENGLISCH SS19/20 Baretto

factors of production/factor of income        

HH offer firms:
-land, labour and capital

in return they pay Factors of Income

land ->rent
labour->wages
capital-> interes/profit

= realflow

ENGLISCH SS19/20 Baretto

Circular flow consists :    
realflow plus money flow= circular flow of income


ENGLISCH SS19/20 Baretto

leakages
 (withdrawls) and injections    
leagages are:
Government - taxes
banks - savings
rest of world - imports (taken from HHS)


Injections:
Government - public spending
bamks - invest
rest of world - export
(money goes to firms)

money can leak cirular flow of income ( Imports money is leaked to any other country)

money can be injected by exports ( money injected by other countrys)


ENGLISCH SS19/20 Baretto

GDP/BIP def German    

Gesamtheit von Güter und Dienstleistungen die von einem Land innerhalb der Landesgrenzen innerhalb einer Periode erzeugt wurden

ENGLISCH SS19/20 Baretto

hawk/dove ( falke/ente) inflation, what does it mean??    
hawk = e.g germany
dove = e.g USA

Germany will dislike inflation, because we tend to be lenders ( we are going to get back less money, it is going to be worth less)

USA can be consideres as a "dove", tend to consume, therefore debts are "worth" less

ENGLISCH SS19/20 Baretto

two types of infaltion    
demandpull vs cost push

demand pull:

to much money is chasing to few goods ( AD is shifting right)


cost push
as in name included:
if land, labour or capital is getting more expensive, firms are carrying more costs, therefore AS is shifting to the left
-> costs push


ENGLISCH SS19/20 Baretto

tauschwirtschaft    
barter economy
e.g venezuela

ENGLISCH SS19/20 Baretto

hyper inflation
People loose trust in currency

ENGLISCH SS19/20 Baretto

tight versus loose fiscal policy ( interest rate)
tight = fest
loose= lose

tight= rather very high interest rates

loose= low interest rates ( that what is taking place atm)


ENGLISCH SS19/20 Baretto

Keynes versus monetarist ( approaches to inflation)


keynes all about aggregate demand management ( monetary and fiscal policy, prefer tight policies)


monetarists:

dislike governmental actions, want to control via cenetral bank, high interest rates

-> high interest rates, less leans, less disposable income, less C, less GDP, less AD



kaynes:

pro staat, im allgemeinen geht alles über die gesamtnachfrage( aggregate demand)
Staat soll eingreifen in schelchten wirtschaftlichen Zeiten




monetarismus:

gegen eingreifen von staat, sieht ausschließlich die EZB als mögliches Instrument um die Inflation zu steuern

ENGLISCH SS19/20 Baretto

begünstigen    
favor

Sign up for free to see all flashcards and summaries for ENGLISCH SS19/20 Baretto at the Universität Passau

Singup Image Singup Image
Wave

Other courses from your degree program

For your degree program ENGLISCH SS19/20 Baretto at the Universität Passau there are already many courses on StudySmarter, waiting for you to join them. Get access to flashcards, summaries, and much more.

Back to Universität Passau overview page

winfo fragen übung

Unsolved WINFO

Makro 6.1 Geld

cofi dymanische investitionsrechnung

recht fragen

voc eng

theoriefragen KORE

steuerplanunng übung 1

Wirtschaftsinformatik

Steuerplanung Übung2

steuerplanung quizz

Bilanzen

statistik

What is StudySmarter?

What is StudySmarter?

StudySmarter is an intelligent learning tool for students. With StudySmarter you can easily and efficiently create flashcards, summaries, mind maps, study plans and more. Create your own flashcards e.g. for ENGLISCH SS19/20 Baretto at the Universität Passau or access thousands of learning materials created by your fellow students. Whether at your own university or at other universities. Hundreds of thousands of students use StudySmarter to efficiently prepare for their exams. Available on the Web, Android & iOS. It’s completely free.

Awards

Best EdTech Startup in Europe

Awards
Awards

EUROPEAN YOUTH AWARD IN SMART LEARNING

Awards
Awards

BEST EDTECH STARTUP IN GERMANY

Awards
Awards

Best EdTech Startup in Europe

Awards
Awards

EUROPEAN YOUTH AWARD IN SMART LEARNING

Awards
Awards

BEST EDTECH STARTUP IN GERMANY

Awards