Flashcards and recall.

Try this with Economics

1. Write one prompt per card. Use definitions, explanations or examples from your current topic.
2. Answer aloud before turning the card. Split a card if it asks for several unrelated facts.
3. Set aside missed cards and revisit them in a later session.

View Economics resources on ATARMAXXING ↗

Recall topics

• Define globalisation
• What are trade flows?
• Define financial flows
• What is a Transnational Corporation (TNC)?
• Name three major international economic organisations
• Define the World Trade Organization (WTO)
• What is the International Monetary Fund (IMF)?
• Define the World Bank's role
• What is economic development?
• Name five economic development indicators
• Define GDP per capita
• What is the Human Development Index (HDI)?
• Define the current account
• What is the capital account?
• Define the financial account
• What is the balance of payments identity?
• Define the exchange rate
• Explain the appreciating exchange rate effect on trade
• Define a flexible (floating) exchange rate
• What is a fixed exchange rate?
• Define trade policy
• What are tariffs?
• Define import quotas
• What are non-tariff barriers (NTBs)?
• Define foreign direct investment (FDI)
• What are the effects of FDI on host countries?
• Define net foreign liabilities (NFL)
• What causes a current account deficit?
• Define comparative advantage
• What is most-favoured-nation (MFN) status?
• Define economic growth
• What are the main sources of economic growth?
• Define unemployment rate
• List the main types of unemployment
• What are the costs of unemployment?
• Define inflation
• What causes demand-pull inflation?
• What causes cost-push inflation?
• How is inflation measured in Australia?
• Define income distribution