A2 Macroeconomics

This topic is examined in A-Level Paper 3 and Paper 4 for WJEC (Wales) Economics. You can find notes for it below:

Macroeconomic Theory

a) Short run aggregate supply (SRAS)
b) Long run aggregate supply (LRAS)
c) The short run Phillips curve
d) The long run Phillips curve

Macroeconomic Objectives

a) Economic growth
b) Unemployment
c) Inflation and deflation
d) The balance of payments

Policy Instruments

a) Fiscal policy
b) The operation of monetary policy and monetary stability
c) Financial stability
d) Exchange rates and exchange rate policy
e) Supply side policies