The Macroeconomy
Topics covered in this Unit
All candidates study these AS Level topics
- Aggregate Demand and Aggregate Supply analysis
- Inflation
- Balance of payments
- Exchange rates
- The terms of trade
- Principles of absolute and comparative advantage
- Protectionism
A Level candidates also study these additional topics
- Economic growth, economic development and sustainability
- National Income statistics
- Classification of countries
- Employment/unemployment
- The circular flow of income
- Money supply (theory)
- Keynesian and Monetarist schools
- The demand for money and interest rate determination
- Policies towards developing economies; policies of trade and aid
Revision Notes
Article Count:
33
Interactive Quizzes
Article Count:
17