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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
Description 2.1 - The Level of Overall Economic Activity
10
Contents for Whole Macroeconomic Section
11
Overall Economic Activity - Introduction
12
Basic Circular Flow Model - closed economy, no government + factors of production and rewards Y=E=Q
15
Full model - open economy with government setting out very important implications
16
Full model (Drawable version)
18
Summary of circular flow of income and notation
19
An early look at some Mathematical Economics


Page
Description 2.1 Measuring National Income
20
Measuring GDP in 3 ways
21
Investigating how to measure with problems                                                             
22
Visual explanation of GDP -BBC Video
24
Real and Nominal
25
GDP Deflator
26
Index Numbers
27
Total and per capita
29
Problems with NI measures
30
Purchasing Power Parity
31
Green GDP
33
Business Cycle
34
Historical Picture
35
The Level of Overall Economic Activity - Questions


Page
Description 2.2 Aggregate Demand and Aggregate Supply

42
Aggregate Demand and Aggregate Supply - Introduction                                           

43
The Aggregate Demand and Supply Model

44
Aggregate Demand - definition and the AD Curve

45
Changes in AD - what shifts the position of the AD Curve

46
SRAS - Definitions

47
SRAS - What shifts the position of the SRAS

48
LRAS - Neoclassical

50
LRAS - Keynesian 3 stages
49
LRAS - Shifting the LRAS Contrasting Neoclassical and Keynesian
51
AD changes with neoclassical LRAS
52
LRAS and Full Employment

53
Equilibrium SR

54
Summary of AS/AD and check your learning

55
Summary diagrams of Equilibrium Changes

56
Equilibrium in the Long Run - Neoclassical Argument

57
Equilibrium in the Long Run - Keynesian Argument

58
Inflationary and Deflationary Gaps

60
Keynesian Multiplier

61
AD/AS Practice

62
AD/AS Fun - Drag it etc up to page 67

68
AD/AS Questions until Page 73 macroeconomic Questions Essays



Page
Description 2.3 Objectives Unemployment
74
Macroeconomic Objectives - Contents
75
Macroeconomic Objectives - Introduction
79
Unemployment definitions and explanations
80
Regional Variations
81
Consequences of Unemployment
82
Tougher for men?
83
Types and Causes of Unemployment
84
Disequilibrium Unemployment
85
Equilibrium Unemployment - Full Employment Revisited                                     
86
Policy on Demand Deficient unemployment


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Description 2.3 Objectives Inflation
87
Inflation Contents
88
Inflation Introduction
89
Distinguish between inflation, disinflation and deflation
90
Consumer Price Index
91
CPI Weighting
92
Problems of Using a Weighted CPI to measure inflation
93
Inflation videos - deeper and wider understanding
94
Consequences of inflation
95
Hyperinflation
96
Consequences of Deflation
97
Types and Causes of Inflation - Demand Pull Inflation                                  
98
Types and Causes of Inflation - Cost Push Inflation


Page
Description 2.3 Possible relationships between Unemployment and Inflation
100
Short Run Phillips Curve
102
Long Run (Expectations Augmented) Phillips Curve
103
More on the Natural Rate of Unemployment
104
NAIRU


Page
Description 2.3 Economic Growth
105
Economic Growth Contents
106
Economic Growth - The Meaning of Economic Growth
107
Causes of Economic Growth
108
Economic Growth and The PPC (PPF) 1
109
Economic Growth and the PPC (PPF) 2
110
Economic Growth and the Business Cycle
111
Economic Growth and the LRAS Curve
112
Investment and Economic Growth and Consequences of Economic Growth

Page
Description 2.3 Equity in the Distribution of Income                                    
113
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
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