Table of Contents

  1. Topic pack - Macroeconomics - introduction
    1. Key terms - the level of economic activity
    2. Key terms - aggregate demand and supply
    3. Key terms - macroeconomic objectives
    4. Key terms - macroeconomic policy
    5. Aims of the economics course
    6. Assessment Objectives
    7. Section Two Structure
    8. Using the pack
  2. 2.1 The level of overall economic activity (notes)
    1. Overall economic activity - introduction
    2. The circular flow of income model (1)
    3. Circular flow - two sector closed
    4. Circular flow - two sector open
    5. Circular flow - three sector open
    6. Circular flow - government
    7. The circular flow of income model (2)
    8. Circular flow - a summary
    9. Some mathematics
    10. Measures of economic activity
    11. Examining the three methods of calculating national income
    12. What is GDP? (video)
    13. Different national income measures
    14. Real v money data
    15. Current and constant prices
    16. Using index numbers
    17. Total and per capita
    18. Case study - rapid economic growth
    19. Using national income data
    20. Purchasing power of GDP
    21. Alternative measures of GDP
    22. Case Study
    23. Short term fluctuations and long term trends
    24. The business cycle in history
  3. 2.1 The level of overall economic activity (questions)
    1. Self-test questions
    2. Short questions
    3. Data response (1)
    4. Data response (2)
    5. Long Questions
  4. Section 2.2 Aggregate demand and supply (notes)
    1. Aggregate demand and supply - introduction
    2. The AD/AS model
    3. Aggregate demand curve
    4. Changes in aggregate demand
    5. Short-run aggregate supply (SRAS)
    6. Changes in SRAS
    7. Long run aggregate supply (LRAS) - classical
    8. Changes in LRAS - classical
    9. Long run aggregate supply (LRAS) - Keynesian
    10. Aggregate supply changes
    11. Full employment level of national income
    12. Equilibrium national income
    13. The essentials of AD and AS
    14. Changes in short-run equilibrium - summary
    15. Equilibrium in the long run?
    16. Equilibrium in the Keynesian model
    17. Inflationary and deflationary gaps
    18. Keynes vs. Hayek (video)
    19. The Keynesian multiplier
  5. Section 2.2 Aggregate demand and supply (simulations and activities)
    1. Diagram toolkit
    2. National income equilibrium (1)
    3. National income equilibrium (2)
    4. National income equilibrium (3)
    5. National income equilibrium (4)
    6. DragIT - Aggregate demand and supply
  6. 2.2 Aggregate Demand and Aggregate Supply (questions)
    1. AD/AS - self-test questions
    2. Short questions
    3. Data response (1)
    4. Data response (2)
    5. Long questions
  7. 2.3 Macroeconomic objectives (notes)
    1. Macroeconomic objectives - introduction
  8. Low Unemployment
    1. Low Unemployment
    2. What the data says
    3. The meaning of unemployment
    4. Case study - regional variation
    5. Consequences of unemployment
    6. Case study - tougher for men
    7. Types and causes of unemployment
    8. Disequilibrium unemployment
    9. Equilibrium unemployment
    10. Policies to reduce unemployment
    11. Low and stable inflation
    12. Low and stable inflation (notes)
    13. The meaning and measurement of inflation
    14. A consumer price index
    15. Finding out more about consumer price index weights
    16. Problems with measuring inflation
    17. Inflation - videos
    18. Consequences of inflation
    19. Hyperinflation
    20. The consequences of deflation
    21. Types and causes of inflation: demand-pull inflation
    22. Types and causes of inflation: cost-push inflation
    23. Case Study - car prices in Trinidad
    24. Possible relationships between unemployment and inflation
    25. PlotIT - Phillips curve
    26. Phillips curve - long-run
    27. Natural rate of unemployment
    28. NAIRU
    29. Economic growth
    30. Economic growth (notes)
    31. Causes of economic growth
    32. Economic growth and the PPF (1)
    33. Economic growth and the PPF (2)
    34. Economic growth and the business cycle
    35. Economic growth and the aggregate supply curve
    36. Consequences of economic growth
    37. Equity in the distribution of income
    38. Equity in the distribution of income (notes)
    39. Indicators of income equity
    40. Poverty
    41. The poverty line: An Indicator of Relative poverty
    42. The causes of poverty
    43. The role of taxation in promoting equity
    44. The role of taxation in promoting equity (notes)
    45. Other methods of promoting equity
  9. 2.3 Macroeconomic objectives (questions)
    1. Macroeconomic objectives - self-test questions
    2. Short questions
    3. Data response question (1)
    4. Data response question (2)
    5. Long questions
  10. 2.4 Fiscal policy (notes)
    1. Fiscal policy - introduction
    2. The government budget
    3. Types of government expenditure
    4. A Case study: Government spending in the UK
    5. The budget outcome
    6. Fiscal policy and short-term demand management
    7. Impact of automatic stabilisers
    8. Fiscal policy and its impact on potential output
    9. Evaluation of fiscal policy
    10. The multiplier effect & fiscal policy
    11. Accelerator
    12. Crowding out
  11. 2.4 Fiscal policy (questions)
    1. Self-test questions
    2. Short questions
    3. Data response (1)
    4. Data response (2)
    5. Long questions
  12. 2.5 Monetary policy (notes)
    1. Monetary policy - introduction
    2. Interest rate determination and the role of a central bank
    3. Interest rate determination
    4. Case study
    5. Monetary policy and short term demand management
    6. The analogy of the balloon
    7. Interest rate changes & Aggregate Demand
    8. Monetary policy and inflation targeting
    9. Evaluation of monetary policy
    10. Case Study - The Credit Crunch
  13. 2.5 Monetary Policy (questions)
    1. Self-test questions
    2. Short questions
    3. Data response (1)
    4. Data response (2)
    5. Long questions
  14. Section 2.6 Supply-side policies (notes)
    1. Supply-side policies - introduction
    2. The role of supply-side policies
    3. Interventionist supply-side policies
    4. The supply-side - case study
    5. Market based supply-side policies
    6. Market-based supply-side policies - case study (1)
    7. Evaluation of supply-side policy
  15. 2.6 Supply-side policies (questions)
    1. Self-test questions
    2. Short questions
    3. Data response (1)
    4. Data response (2)
    5. Long questions
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