Deflation
Although governments have the objective of low inflation, it doesn’t necessarily follow that if inflation is bad then the opposite, deflation, is …
Unemployment
Here is the presentation we used in class about Unemployment, including problems, measurement and types. Don’t forget you also need the relevant …
Aggregate Supply
In the Macroeconomics section of the course the main model we are interested in is the Aggregate Demand (AD) and Aggregate Supply …
Aggregate demand
In the Macroeconomics section of the course the main model we are interested in is the Aggregate Demand (AD) and Aggregate Supply …
Incidence of taxation
One of the forms of government intervention that we look at while studying the microeconomics unit, is the use of taxation. In …
Deflation
As well as studying inflation, it is important that we also study the reverse, i.e. deflation. It is important that we know …
Measuring national income
In the first part of the macroeconomics section of the syllabus we looking at how we can measure national income and the circular flow of income. We have looked at the circular flow of income as a model to understand how we can measure the level or flow of income in an economy.
The Debt Crisis
One of the major issues facing the developing world is the debt crisis. It was an issue that was brought to the …
Elasticity
One area of Microeconomics that we refer to throughout the course is the concept of elasticity. It is important to understand the …
Economic growth
Economic growth is one of the areas we study in relation to government macroeconomic objectives. It is important to be able to …