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Macroeconomics Study Notes

AP · Free revision notes covering the complete syllabus

6 Units22 Notes Available
1

Unit 1: Basic Economic Concepts

Study materials and practice for Unit 1: Basic Economic Concepts

Scarcity and PPC

Gains from trade

Circular flow model

2

Unit 2: Indicators and Business Cycle

Study materials and practice for Unit 2: Indicators and Business Cycle

GDP and national income

Unemployment

Inflation

Business cycle

3

Unit 3: National Income and Price Determination

Study materials and practice for Unit 3: National Income and Price Determination

AD/AS

Fiscal multipliers

Policy effects on output and price level

4

Unit 4: Financial Sector

Study materials and practice for Unit 4: Financial Sector

Money and banking

Loanable funds

Central bank tools

Money creation

5

Unit 5: Long-Run Consequences of Stabilization Policies

Study materials and practice for Unit 5: Long-Run Consequences of Stabilization Policies

Policy trade-offs and lags

Crowding out

Inflation expectations

Debt and sustainability

6

Unit 6: Open Economy

Study materials and practice for Unit 6: Open Economy

Balance of payments

Foreign exchange

Exchange rate regimes

Trade policy and capital flows

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