Most important pages:
Here is a list of the most important pages to learn on Syllabus Section 2 - Economic Activity -
all other pages (not listed) are designed for wider explanation - use
them only if you feel you need to for further understanding:
Circular Flow of Income
Page
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Description 2.1 Measuring National Income
|
20
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Measuring GDP in 3 ways
|
21
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Investigating
how to
measure with
problems
|
22
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Visual explanation of GDP -BBC Video
|
24
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Real and Nominal
|
25
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GDP Deflator
|
26
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Index Numbers
|
27
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Total and per capita
|
29
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Problems with NI measures
|
30
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Purchasing Power Parity
|
31
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Green GDP
|
33
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Business Cycle
|
34
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Historical Picture
|
35
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The Level of Overall Economic Activity - Questions
|
Page
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Description 2.2 Aggregate Demand and Aggregate Supply
|
|
42
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Aggregate
Demand and Aggregate Supply -
Introduction
|
|
43
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The Aggregate Demand and Supply Model
|
|
44
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Aggregate Demand - definition and the AD Curve
|
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45
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Changes in AD - what shifts the position of the AD Curve
|
|
46
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SRAS - Definitions
|
|
47
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SRAS - What shifts the position of the SRAS
|
|
48
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LRAS - Neoclassical
|
|
50
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LRAS - Keynesian 3 stages
|
|
49
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LRAS - Shifting the LRAS Contrasting Neoclassical and Keynesian
|
|
51
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AD changes with neoclassical LRAS |
|
52
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LRAS and Full Employment
|
|
53
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Equilibrium SR
|
|
54
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Summary of AS/AD and check your learning
|
|
55
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Summary diagrams of Equilibrium Changes
|
|
56
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Equilibrium in the Long Run - Neoclassical Argument
|
|
57
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Equilibrium in the Long Run - Keynesian Argument
|
|
58
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Inflationary and Deflationary Gaps
|
|
60
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Keynesian Multiplier
|
|
61
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AD/AS Practice
|
|
62
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AD/AS Fun - Drag it etc up to page 67
|
|
68
|
AD/AS Questions until Page 73 macroeconomic Questions Essays
|
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Page
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Description 2.3 Objectives Unemployment
|
74
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Macroeconomic Objectives - Contents
|
75
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Macroeconomic Objectives - Introduction
|
79
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Unemployment definitions and explanations
|
80
|
Regional Variations
|
81
|
Consequences of Unemployment
|
82
|
Tougher for men?
|
83
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Types and Causes of Unemployment
|
84
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Disequilibrium Unemployment
|
85
|
Equilibrium
Unemployment - Full Employment
Revisited
|
86
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Policy on Demand Deficient unemployment
|
Page
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Description 2.3 Objectives Inflation
|
87
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Inflation Contents
|
88
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Inflation Introduction
|
89
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Distinguish between inflation, disinflation and deflation |
90
|
Consumer Price Index
|
91
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CPI Weighting
|
92
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Problems of Using a Weighted CPI to measure inflation
|
93
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Inflation videos - deeper and wider understanding
|
94
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Consequences of inflation
|
95
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Hyperinflation
|
96
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Consequences of Deflation
|
97
|
Types
and Causes of Inflation - Demand Pull
Inflation
|
98
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Types and Causes of Inflation - Cost Push Inflation
|
Page
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Description 2.3 Possible relationships between Unemployment and Inflation |
100
|
Short Run Phillips Curve
|
102
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Long Run (Expectations Augmented) Phillips Curve
|
103
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More on the Natural Rate of Unemployment
|
104
|
NAIRU
|
Page
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Description 2.3 Economic Growth
|
105
|
Economic Growth Contents
|
106
|
Economic Growth - The Meaning of Economic Growth
|
107
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Causes of Economic Growth
|
108
|
Economic Growth and The PPC (PPF) 1
|
109
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Economic Growth and the PPC (PPF) 2
|
110
|
Economic Growth and the Business Cycle
|
111
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Economic Growth and the LRAS Curve
|
112
|
Investment and Economic Growth and Consequences of Economic Growth
|
Page
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Description
2.3 Equity in the Distribution of
Income
|
113
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Equity in the Distribution of Income - Contents
|
114
|
The Meaning of Equity in the Distribution of Income
|
115
|
Lorenz Curve and Gini Coefficient
|
116
|
Poverty
|
117
|
Poverty in Brazil
|
| 118 |
Causes of Poverty in Developed World |
119
|
Calculating taxes
|
120
|
Role of Taxation in Promoting Equity
|
121
|
Other Methods of Promoting Equity
|
122
|
Macroeconomic Objectives Questions
|
Page
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Description 2.4 Fiscal Policy
|
128
|
Fiscal Policy Contents
|
129
|
Fiscal Policy Introduction
|
130
|
Sources of Government Revenue
|
131
|
Types
of Government
expenditure
|
133
|
Budget Outcomes
|
134
|
Demand Management
|
135
|
Automatic Stabilisers
|
136
|
Effect on Full Employment
|
137
|
Evaluating Fiscal Policy
|
138
|
Fiscal Policy and the Multiplier
|
139
|
Fiscal Policy and the Accelerator
|
140
|
Fiscal Policy and Crowding Out
|
141
|
Fisal Policy Questions
|
Page
|
Description 2.5 Monetary Policy
|
147
|
Monetary Policy Contents
|
148
|
Monetary Policy Introduction
|
149
|
Role of Central Bank
|
150
|
Interest Rate Determination
|
152
|
Interest rate and Demand Management - Transmission Mechanism
|
154
|
Interest rate and Demand Management - more detail
|
155
|
Monetary Policy and Inflation Targetting
|
156
|
Evaluating Monetary Policy
|
158
|
Monetary Policy Questions
|
Page
|
Description
2.6 Supply
Side
Policies
|
164
|
Supply Side Policies Contents
|
165
|
Supply Side Policies Introduction
|
166
|
The Role of Supply Side Policies
|
167
|
Interventionist Supply Side Policies
|
169
|
Market Based Supply Side Policies
|
171
|
Evaluation of Supply Side Policies
|
172
|
Supply Side Policies Questions
|
