2: Macroeconomics

Intro to Macro notes

Higher level Macro intro – more EU based


  • 2.1 Economic Activity (some HL)

Unit 2.1.1 Macroeconomic Models

Unit 2.1.2 Macroeconomic Indicators and Intro to Development

Article – Can Economic Performance be Measured and Evaluated


  • 2.2 Aggregate Demand and Supply (some HL)

Unit 2.2 Demand and Supply Side Policies

Article – What is Aggregate Demand and Supply Analysis

Article – What is likely to Influence the level of Aggregate Investment in the Economy


  • 2.3 Macroeconomic Objectives (some HL)

Unit 2.3.1 Macroeconomic Indicators and Intro to Development

Unit 2.3.2 Unemployment and Inflation and Income Distribution

Article – Impact full employment on inflation article

Article – Is Deflation more Worrying than Inflation

Article – To What Extent might the Pursuit of Full Employment conflict with other Policy Objectives

Article – What’s So Bad About Inflation

Article Phillips Machine

Unit 3.5-3.6 Unemployment and Inflation and Income Distribution

Article – As an Economy nears Full Employment will Inflation have to Increase


  • 2.4 Fiscal Policy

Article – What Impact might Fiscal Policy have on Reducing Aggregate Demand


  • 2.5 Monetary Policy



  • 2.6 Supply-side Policies

Article – What Effect might Productivity Growth have on the Long Term Performance of the UK Economy



  • Sources

Most of the powerpoints:Welker’s Wikinomics

Most of the notes: tutor2u.net

Most of the articles: Economics Today magazine (UK)

Great Intro to Macro notes: C. H. Ziogas

Difference between micro and macro picture: www.cartoonstock.com

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