Category Archives: 2. Macroeconomics

HL Phillips curve essay questions due Thursday 9th / Friday 10th

(a) Using the concept of the natural rate of unemployment, explain the relationship between the long-run aggregate supply curve and the long-run Phillips curve. [10 marks] (b) Compare and contrast the policy implications of the short-run and long-run Phillips curves regarding … Continue reading

Posted in 2. Macroeconomics, Grade 11 | Leave a comment

Unemployment article

This is the link for today’s lesson.

Posted in 2. Macroeconomics, Grade 11 | Leave a comment

Keynesian macroeconomics

G11 have just been introduced to the difference between classical and Keynesian views on macroeconomic growth. This video does a good job in explaining that difference, looking at it from a slightly different angle to the one we’ve taken in … Continue reading

Posted in 2. Macroeconomics, Economics | Leave a comment

Sticky wages?

As we start to look at for the first time with G11 and revise with G12 the difference between the Monetarist and Keynesian views on LRAS, in particular the existence of ‘sticky wages’, here is an interesting article from the … Continue reading

Posted in 2. Macroeconomics, Economics | Tagged , , , , , , | Leave a comment

“Fear the Boom and Bust” a Hayek vs. Keynes Rap Anthem

An Economics rap – not two words you expect in the same sentence.

Posted in 2. Macroeconomics, Economics | Tagged , , , , , , , , | Leave a comment

G11 Country reports

Whilst I am away, you are to investigate and research the economy of a country. Please see this page to decide and allocate which group does which country. Investigation You are to research the macroeconomic condition of your country, paying … Continue reading

Posted in 2. Macroeconomics, Economics | Tagged , , , | Leave a comment

Is GDP a good measure of an economy’s performance?

In today’s lesson we will be looking at how we calculate GDP, what the problems are with using GDP as a measure of performance and what alternatives we might be able to use instead. To help assess the problems with … Continue reading

Posted in 2. Macroeconomics, Economics | Tagged , , , | Leave a comment

Burgernomics

Living in Japan, a common grumble amongst the expat community is how incredibly expensive everything is. “It’s so much cheaper back home!” is a cry often heard walking down Motomachi. But is it? Last year I wrote this post on … Continue reading

Posted in 2. Macroeconomics, Economics | Tagged , , , | Leave a comment

Comparing government debt as a percentage of GDP

Following our recent discussions about government debt, and what is considered an appropriate level, below is an infographic from The Economist comparing the position of several countries over the last thirty years. It’s well worth playing around with.

Posted in 2. Macroeconomics, Economics | Tagged , , , | Leave a comment

World debt clock

The Economist’s global debt clock has been garnering quite a lot of class discussion recently. Below is a static picture of it, but you really have to go to the site to get the full experience – the number goes … Continue reading

Posted in 2. Macroeconomics, Economics | Tagged , , | Leave a comment