In our revision session today we were discussing which diagrams can be used in A2 macro questions. Here is the initial list we came up with ... can students and teachers suggest more? I will happily put together a powerpoint with the diagrams suggested.
1. Economic cycle
2. AD-AS analysis to show
a. Positive and negative output gaps
b. Demand-side shocks
c. Supply-side shocks
d. Changes in an economy’s productive potential (LRAS)
3. Consumption function (changes in mpc and wealth effects etc)
4. Investment demand curve (plus shifts in)
5. Short run Phillips Curve and expectations augmented curve
6. Change in the NAIRU
7. Causes of deflation (malign and benign)
8. Natural rate of unemployment
9. Laffer Curve
10. Comparative advantage and the PPF
11. Import controls – impact on economic welfare
12. Lorenz Curve and inequality (standard of living questions)
13. Kuznets Curve (inequality / environment)
14. Foreign exchange market diagrams (supply and demand) for floating and fixed systems
15. The J curve and reverse J-curve effects
16. Crowding out resulting from rising government borrowing
Great minds think alike! I’ve put together a series of short presentations for AS diagrams that are in the process of being uploaded to Youtube. They should all be ther by the end of next week. If you’re interested you can find them by searching on youtube for brynjonesonline
Thanks for the mention in Latte
Thanks Bryn
I will have a look at them!
A powerpoint including all those diagrams would be priceless. When it’s completed will it be posted here?
Hi just wondering when these A2 macro diagrams might be posted, as my revision is dependant upon them.
The diagrams will be ready when they are ready! I a a bit worried that someone’s revision should be dependent on a blog post!
How about the effect of an imports tariff on domestic prices?
