Aggregate demand
In the Macroeconomics section of the course the main model we are interested in is the Aggregate Demand (AD) and Aggregate Supply …
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.
Fight of the Century
One of the major topics that we need to understand in macroeconomics is the distinction between Keynesian and Neo-Classical ideas, and how …
Economic growth
Economic growth is one of the areas we study in relation to government macroeconomic objectives. It is important to be able to …
The state of the Chinese economy or the Chinese state economy.
There have been a number of articles in the news recently about what is happening in the Chinese economy relating to the …
Economic terms
In Economics there are many terms which you need to learn, understand and be able to define. In our classroom there are …
Keynes ‘v’ Hayek
The website Econstories.tv has produced a rap video about the arguments of Keynes and Hayek. It gives a good summary of the …
Nominal and Real – Cinema tickets
The difference between nominal and real data is an important distinction. The two links above show the amount of revenue generated by …