Unit 2 The National Economy
Aggregate demand curve
Aggregate supply
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Elasticity of aggregate supply
Equilibrium of aggregate demand and supply
Consumption and savings
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Consumption and savings function
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Trends in the saving ratios
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Consumer confidence
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Wealth and consumer demand
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Friedman's permanent income hypothesis
Investment
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Gross and net investment
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Why do firms invest?
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UK Investment In An International Context
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The Marginal Efficiency Of Investment - The Keynesian Theory Of Investment
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The accelerator
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Recent Trends In The Growth Of Consumption And Investment Spending
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Capital base
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Direct investment into the UK
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Inward Investment And The Regional Economic Problem
Government spending
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Government borrowing
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National debt
Exports and Imports
Objectives of government macroeconomic policy
Inflation and its measures and links
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The main causes of inflation
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Inflationary gaps
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Costs and effect of inflation
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Unit labour costs and inflation
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Monetary inflation
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Policies to control inflation
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Inflation targets
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Deflation
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Inflation figures (Excel spreadsheet)
Unemployment - Measuring unemployment
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Economic costs of unemployment
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The main causes of unemployment
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Policies to reduce unemployment
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Changing patterns of unemployment
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Full employment
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Natural rate of unemployment
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The NAIRU
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Job vacancies
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Long term unemployment
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New Deal
Economic growth and measurement and links
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Benefits and costs of growth
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The economic cycle
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Theories of growth
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Economic resources and long run growth
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Government policies
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Growth and jobs
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USA a model to follow
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The structure of output in an economy
Balance of payments
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The current account
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The UK's current account
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The capital account
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The balance of payments must balance
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Can a country safely ignore a persistent current account deficit?
Conflicts Between Macro Economic Objectives
Demand management or supply side?
E-mail Steve Margetts