AS Macroeconomics

This topic is examined in AS Component 1 and Component 2 for WJEC (England) Economics. You can find notes for it below:

Macroeconomic Theory

a) The circular flow of income model
b) The components of aggregate demand (AD)
c) The AD function
d) The aggregate supply (AS) function
e) AD-AS analysis

Macroeconomic Objectives

a) Government policy objectives

Policy Instruments

a) Fiscal policy
b) Monetary policy
c) Exchange rates and exchange rate policy
d) Supply side policies

International Trade

a) Free trade and protectionism