This topic is examined in A-Level Paper 2 for AQA Economics. You can find notes for it below:
Notes
Measurement of Macroeconomic Performance
- a) the objectives of government economic policy
- b) Macroeconomic indicators
- c) Uses of index numbers
- d) Uses of national income data
How the Macroeconomy Works, Circular Flow of Income, AD/AS Analysis and Related Concepts
- a) The circular flow of income
- b) Aggregate demand and aggregate supply analysis
- c) The determinants of aggregate demand
- d) Aggregate demand and the level of economic activity
- e) Determinants of SRAS
- f) Determinants of LRAS
Economic Performance
- a) Economic growth and the economic cycle
- b) Employment and unemployment
- c) Inflation and deflation
- d) Possible conflicts between macroeconomic policy objectives
Financial Markets and Monetary Policy
- NEW c) Central banks and monetary policy
- a) The structure of financial markets and financial assets
- b) Commercial banks and investment banks
- c) Central banks and monetary policy
- d) The regulation of the financial system
