Contents (as per the new 2019 specification)
Chapter:
21- Economic Growth ............................................................................................................... 3
22- Inflation............................................................................................................................... 5
23- Employment & unemployment.......................................................................................... 9
24- Balance of Payments .........................................................................................................13
25- The characteristics of aggregate demand .........................................................................15
26- Consumption......................................................................................................................18
27- Investment.........................................................................................................................21
28- Government expenditure & net trade balance (X-M).......................................................23
29- The characteristics of aggregate supply, short run AS (SRAS) & long run AS (LRAS)........ 25
30- National income, injections & withdrawals.......................................................................28
31- Equilibrium levels of real national output.........................................................................30
32- The multiplier.....................................................................................................................33
33- Causes of growth & output gaps...................................................................................... 35
34- Impact of economic growth.............................................................................................. 38
35- Macroeconomic objectives............................................................................................... 40
36- Conflict & trade-offs..........................................................................................................41
37- Supply side policies............................................................................................................42
38- Demand Side policies........................................................................................................ 45
Important economic terms..................................................................................................... 50