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Unit 7 The UK Economy


The Performance of the UK Economy
Analysis of the UK's economic performance 
International competitiveness.
The UKs changing international competitive situation.  
Controlling the Performance of the UK Economy
Modelling the Economy
- Determinants of the size of the multiplier
- The credit creation multiplier, the Quantity Theory of Money and Keynesian Liquidity Preference 
- Absolute and comparative advantage
- Marshall-Lerner condition
- The effect of interest rate changes on "hot money" 
Policies to Improve Economic Performance
The role of the:
- UK Government
- Bank of England
- Treasury
- World Bank
- World Trade Organisation.
Supply-side initiatives 
Conflicts, Current Issues and Controversies





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