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

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