Transcript the Magic Card - Amazon Web Services

Rules
Click on the hat to start
d
5
a
N A
n
score
Click on the hat to show next card
Quota
Press space
A physical limit on the
barof to
quantity
a good
that can be imported
reveal
into
a country.
answer
1
2k n H V
2h y E The
O
Magic Card – Data tables for Game activity
d q L Z
20
Accelerator effect
m 8o BAggregate
S supply shock
e 12z CCapital
Umarket
10
Claimant Count
c 5v DComparative
P advantage
Where planned capital investment is linked positively to the past and expected growth of consumer demand or
national income.
Either an inflation shock or a shock to potential national output; adverse aggregate supply shocks of both types
reduce output and can increase the rate of inflation.
A stock or a bond market where firms can raise money for investment purposes.
Rules
The number of people claiming unemployment-related benefits.
Comparative advantage refers to the relative advantage that one country or producer has over another.
An increase in the price level (or average price of goods and services) caused by a sustained increase in firms’ costs
of production.
The overall balance of credits minus debits for trade in goods, trade in services, investment income and transfers.
into 4 teams – spades,
push inflation
a •2x Separate
FCostW
f
11
s
17
j •23t
19
g 6p
•
l 18w
14
b 9r
i
3
u
•1322
21
4
1
•15
24
16
7
• The person making the definition
Current account clubs and hearts
diamonds,
will be chosen by the magician’s
KDepreciation
Q
A fall in the market value of one exchange rate against another.
hat – whoever holds the card
Each
team
will
be
given
13 playing
Reducing barriers
to entry in order to make a market more competitive.
JDeregulation
X
Variations in the annual rate of growth of anshown
economy overhas
time. to define the term on
Economicto
cyclematch their
cards
team
suit.
FDI is investment from one country into another that involves establishing operations or acquiring tangible assets,
IForeign
R direct investment
screen
including stakes in other businesses.
Separate
these
cards
as
equally
as
trade
When trade is allowed to occur without any form of restriction such as a tariff.
MFree N
There
beItaly,
6 Japan,
possible
G7
A group
of seven major industrialized •
countries:
Canada, should
France, Germany,
the UK andterms
the USA.
possible
amongst the
team
GHot Money
T
Money that flows freely and quickly around per
the world
looking to earn the best rate of return.
team
members
Monetary Policy Committee
Bank of England committee of 9 people, meets every month to set interest rates.
AMoneyY supply
The entire quantity of a country's commercial
coins, loans and gets
credit. an answer wrong,
• Ifbills,
someone
The aim of this game
is for your
Nationalisation
Bringing a privately owned asset such as a company under state control.
the point goes to the next team
team
to have the highest
points
Nominal GDP
Monetary value
of all goods and services produced expressed at current prices.
(order
Output gap
Difference between actual and potential national
output. being spades, diamonds,
score
Quota
A physical limit on the quantity of a good that can be imported into a country.
clubs, hearts and back round
Real interest
rate points byThe
nominal rate ofthe
interest adjusted for inflation.
You
score
defining
Growth which meets the needs of the present
without compromising the ability of future generations to meet
again)
term
shown
Sustainable
growth on screen
their own needs.
Trade deficit
World Trade Organisation
A trade deficit occurs when a country imports a greater value of goods and services than it exports.
WTO oversees trade agreements, negotiations and disputes between member countries.
Tutor notes
• To complete this activity you
will need this PowerPoint file
and a packet of cards.
• Separate your class into 4
groups – call them Spades,
Diamonds, Hearts and Clubs.
• Distribute cards to each group
and follow ‘Rules’.
• Increase scores by clicking on
the appropriate card in the
bottom left corner of the
screen.
• The person making the
definition will be chosen by the
magician’s hat – whoever holds
the card shown has to define
the term on screen
• There should be 6 possible
terms per team
• If someone gets an answer
wrong, the point goes to the
next team (order being spades,
diamonds, clubs, hearts and
back round again)
Capital market
Where planned capital investment is linked positively to the past and expected growth of consumer demand or
national income.
Either an inflation shock or a shock to potential national output; adverse aggregate supply shocks of both types
reduce output and can increase the rate of inflation.
A stock or a bond market where firms can raise money for investment purposes.
Claimant Count
The number of people claiming unemployment-related benefits.
Comparative advantage
Cost push inflation
Comparative advantage refers to the relative advantage that one country or producer has over another.
Current account
The overall balance of credits minus debits for trade in goods, trade in services, investment income and transfers.
Depreciation
A fall in the market value of one exchange rate against another.
Deregulation
Reducing barriers to entry in order to make a market more competitive.
Economic cycle
Free trade
Variations in the annual rate of growth of an economy over time.
FDI is investment from one country into another that involves establishing operations or acquiring tangible assets,
including stakes in other businesses.
When trade is allowed to occur without any form of restriction such as a tariff.
G7
A group of seven major industrialized countries: Canada, France, Germany, Italy, Japan, the UK and the USA.
Hot Money
Monetary Policy Committee
Money that flows freely and quickly around the world looking to earn the best rate of return.
Accelerator effect
Aggregate supply shock
Foreign direct investment
An increase in the average price of goods and services caused by a sustained increase in firms’ costs of production.
Money supply
Bank of England committee of 9 people, meets every month to set interest rates.
The entire quantity of a country's commercial bills, coins, loans and credit.
Nationalisation
Bringing a privately owned asset such as a company under state control.
Nominal GDP
Monetary value of all goods and services produced expressed at current prices.
Output gap
Difference between actual and potential national output.
Quota
A physical limit on the quantity of a good that can be imported into a country.
Real interest rate
The nominal rate of interest adjusted for inflation.
Growth which meets the needs of the present without compromising the ability of future generations to meet
their own needs.
A trade deficit occurs when a country imports a greater value of goods and services than it exports.
Sustainable growth
Trade deficit
World Trade Organisation
WTO oversees trade agreements, negotiations and disputes between member countries.