160 Macro Economics A Level Revision Notes Series Book 4 by Imran Latif

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Macro Economics A level Revision Notes Series Book 4 TABLE OF CONTENTS PREFACE REFERENCES A-LEVEL ECONOMICS 9708 SYLLABUS OVERVIEW (2016-18) UNIT 1 NATIONAL INCOME ACCOUNTING NATIONAL INCOME CONCEPTS METHODS OF CALCULATING NATIONAL INCOME PROBLEMS IN CALCULATING NATIONAL INCOME:- USES OF NATIONAL INCOME STATISTICS NATIONAL DEBT BUSINESS (TRADE) CYCLE PAST PAPER QUESTIONS UNIT 2 ECONOMIC GROWTH AND DEVELOPMENT COMPARISON OF ACTUAL AND POTENTIAL GROWTH COSTS AND BENEFITS OF GROWTH, INCLUDING USING AND CONSERVING RESOURCES: USING AND CONSERVING RESOURCES NATIONAL INCOME STATISTICS AND STANDARD OF LIVING ECONOMIC DEVELOPMENT CLASSIFICATION OF COUNTRIES: POLICY APPROACHES FOR ECONOMIC DEVELOPMENT THE ROLE OF THE INTERNATIONAL MONETARY FUND AND THE WORLD BANK PROBLEMS EXISTING IN DEVELOPED COUNTRIES: PAST PAPER QUESTIONS UNIT 3 KEYNESIAN THEORY OF INCOME AND EMPLOYMENT SECTORS AND TYPES OF ECONOMIES: CIRCULAR FLOW OF INCOME FROM ACTUAL TO DESIRED EXPENDITURE 1 FUNCTION: 2: SAVING FUNCTION: 3 FUNCTION 4 FUNCTIONS 5 FUNCTION 6 EXPENDITURE FUNCTION: 7/PLANNED INVESTMENT:- NATIONAL INCOME EQUILIBRIUM: INFLATIONARY AND DEFLATIONARY GAPS MULTIPLIER ACCELERATOR: PAST PAPER QUESTIONS UNIT 4 MONEY, BANKING AND INTEREST RATE DETERMINATION (Micro Economics A level book 4, Notes) MONEY BANKING: CREDIT CREATION PROCESS: INTEREST RATE DETERMINATION LIQUIDITY PREFERENCE THEORY (LPT): DEMAND FOR MONEY/LIQUIDITY PREFERENCE (LP): CHANGES IN EQUILIBRIUM INTEREST RATE: PAST PAPERS QUESTIONS 4 (Micro Economics A level book 4, Notes) UNIT 5 MACROECONOMIC POLICIES MONETARY POLICY: MONETARY TRANSMISSION MECHANISM (MTM) GOVERNMENT FAILURE ON MACROECONOMIC POLICY PAST PAPERS QUESTIONS UNIT 6 EMPLOYMENT AND UNEMPLOYMENT THE CAUSES OF UNEMPLOYMENT VOLUNTARY AND INVOLUNTARY UNEMPLOYMENT FULL-EMPLOYMENT / NATURAL RATE OF UNEMPLOYMENT (NRU) THE CONSEQUENCES OF UNEMPLOYMENT METHODS AND DIFFICULTIES OF MEASURING UNEMPLOYMENT POLICIES TO CORRECT UNEMPLOYMENT THE PATTERN AND TRENDS IN (UN)EMPLOYMENT INFLUENCES ON THE SIZE AND COMPOSITION OF THE LABOUR FORCE PAST PAPER QUESTIONS UNIT 7 MACROECONOMIC OBJECTIVES AND CONFLICTS BETWEEN POLICY OBJECTIVES LONG-RUN PHILIPS CURVE (LRPC): GOVERNMENT ECONOMIC AIMS: CONFLICTS AMONG MACROECONOMIC AIMS: KEYNESIAN AND MONETARIST THEORETICAL APPROACHES PAST PAPER QUESTIONS ( Micro Economics A level book 4, Notes)