Theme 2

Measures of Economic Performance

Slides

Further Resources:

• What is GDP video & article, Text book chapter

Circular Flow of Income

Slides

Further Resources:

• Video regarding NZ

Aggregate Demand

Slides

Further Resources:

Video explanation of AD shifts

Aggregate Supply

Slides

Further Resources:

Detailed notes with case studies and questions

Example Essay

Equilibrium National Output

Slides

Further Resources: Essays and Articles

The Multiplier

Slides

Further Resources: Essays and Articles

Growth & Trade Cycle

Slides

Further Resources: Essays & Articles , Podcast discussing GDP as a measure & another, What is a recession?

Inflation

Slides

Further Resources: Essays and Articles , BBC Radio show

Unemployment

Slides

Further Resources: Essays and Articles , Structural Unemployment article

Balance of Payments

Slides

Further Resources: Video

Demand-Side Policies

Slides

Further Resources: Essays and Articles , Comparing 2008 and 1929 , How does the government borrow? , Role of a Central Bank , Transmission mechanism video

Supply-Side Policies

Slides

Further Resources: Example Essay

Trade-Offs between Objectives and Policies 

Slides

Further Resources: Example Essay