Summary Macro Economics year 1&2 combined (A*, AQA & Edexcel)

1) Macro-economic objectives 2) The circular flow of income 3) Measures of income/growth 4) Causes of economic growth 5) Economic cycle 6) Inflation 7) Unemployment 8) Balance of payments 9) Trade and protectionist measures 10) Exchange rate and PPP 11) Aggregate demand 12) Aggregate supply 13) Macro-economic equilibrium 14) Output gaps 15) Fiscal policy and crowding out effect 16) Monetary policy 17) Supply side policies 18) Policies to promote economic growth 19) Policies to reduce unemployment 20)Policies to reduce inflation 21) Policies to rectify a current account deficit 22) Short run and long run Philips curves (inflation) 23) Globalisation 24)Costs and benefits of unemployment 25) Costs and benefits of inflation 26) Economic integration and trading blocs 27) The European Union 28) The Eurozone