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Economics Notes Macroeconomics Notes

Macroeconomics Economic Growth Notes

Updated Macroeconomics Economic Growth Notes

Macroeconomics Notes

Macroeconomics

Approximately 18 pages

Key notes on crucial macroeconomic concepts such as balance of payments, inflation, unemployment, international trade and exchange rates.

Diagrams and flowcharts have been used to simplify relations and help to better understand mechanisms. Clear definition of key terms have been provided. Difficult concepts have been broken down into basic and comprehensive notes. ...

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The following is a more accessible plain text extract of the PDF sample above, taken from our Macroeconomics Notes. Due to the challenges of extracting text from PDFs, it will have odd formatting:

F582: National and International Economy Macroeconomic Performance MeasuresEconomic Growth = can it be sustained? Maintainable in long term? Actual or potential?Unemployment = lowBalance of Payments Equilibrium = disequilibrium; deficit or surplusInflation = creeping, severe, galloping or hyperinflation Macroeconomic Policy Measures - Monetary = interest rates & money supply - Fiscal = government spending & short - run tax changes - Supply Side = education/ training & long - run tax changes - International Trade Measures = tariffs & quotas * Tax Reduction: o Fiscal - | AD in short - run o Supply Side - | capacity, shift LRAS in long - run * Fiscal: o o D G - expansionary | AD (expand economic growth)/ contractionary | AD D T - loose/ tight * Monetary: o D ROFI - expansionary | AD/ contractionary | AD o D MS - loose/ tight - quantitative easing | MS * Supply Side: o D Education/ Training - | quality of labour o D LR Tax Rates o D Benefits System * International Trade: o D Barriers & Protectionism - tariffs and quotas

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