AS Macroeconomics

This component is examined in AS Paper 2 for OCR Economics. You can find notes for it below:

Economic Policy, Objectives and Indicators of Macroeconomic Performance

a) Economic growth
b) Employment and unemployment
c) Inflation
d) Trends in macroeconomic indicators

Aggregate Demand and Aggregate Supply

a) Circular flow of income
b) Aggregate demand (AD)
c) Aggregate supply (AS)
d) Aggregate demand and supply
e) Macroeconomic equilibrium

Application of Policy Instruments

a) Fiscal Policy
b) Monetary policy
c) Supply side policy
d) Policy conflicts

The Global Context

a) International trade
b) Balance of payments
c) Exchange rates