AQA A-Level Macroeconomics — The National and International Economy

Available Topics

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• 2.1 The Measurement of Macroeconomic Performance

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  Growth, inflation, unemployment, balance of payments

  • 2.1.1 The Objectives of Government Economic Policy
  • 2.1.2 Macroeconomic Indicators
  • 2.1.3 Uses of Index Numbers
  • 2.1.4 Uses of National Income Data

• 2.2 How the Macroeconomy Works

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  AD components, AS models, macroeconomic equilibrium

  • 2.2.1 The Circular Flow of Income
  • 2.2.2 Aggregate Demand and Aggregate Supply Analysis
  • 2.2.3 The Determinants of Aggregate Demand
  • 2.2.4 Aggregate Demand and the Level of Economic Activity
  • 2.2.5 Determinants of Short-Run Aggregate Supply
  • 2.2.6 Determinants of Long-Run Aggregate Supply

• 2.3 Economic Performance

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  Fiscal, monetary, supply-side policies

  • 2.3.1 Economic Growth and the Economic Cycle
  • 2.3.2 Employment and Unemployment
  • 2.3.3 Inflation and Deflation
  • 2.3.4 Possible Conflicts between Macroeconomic Policy Objectives

• 2.4 Financial Markets and Monetary Policy

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  Globalisation, trade, development

  • 2.4.1 The Structure of Financial Markets and Financial Assets
  • 2.4.2 Commercial Banks and Investment Banks
  • 2.4.3 Central Banks and Monetary Policy
  • 2.4.4 The Regulation of the Financial System

• 2.5 Fiscal Policy and Supply-Side Policies

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  Money, banking, financial sector

  • 2.5.1 Fiscal Policy
  • 2.5.2 Supply-Side Policies

• 2.6 The International Economy

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  Taxation, public spending, fiscal policy

  • 2.6.1 Globalisation
  • 2.6.2 Trade
  • 2.6.3 The Balance of Payments
  • 2.6.4 Exchange Rate Systems
  • 2.6.5 Economic Growth and Development