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Study Notes

A Level Economics Year 2 Macroeconomics Study Notes

AQA, Edexcel, OCR, IB

Last updated 7 May 2019

Here is a topic-by-topic listing of the available study notes for the macroeconomics topics for Year 2 A Level Economics here on tutor2u.

Accelerator Effect

Aggregate Demand (AD)

Aggregate Supply

Arguments against Protectionism

Articles on the Chinese Economy

Background on the Polish Economy

Balance of Payments - Current Account

Balance of Payments - Policies to Improve Trade

Balance of Payments - Trade Imbalances

Bank Lending

Benefits and Costs of Globalisation

Brazil - Economic Growth and Development

Capital Investment

China - Economic Growth and Development

Circular Flow of Income and Spending


Competitiveness and Economic Policies

Consumer Spending

Countries experiencing price deflation

Current Account Deficit & Policies (2019)

Customs Unions and Single Markets

Customs Unions and UK Brexit



Developing Countries – Similarities and Differences

Development Economics Update (2019) - Poverty Reduction in Low Income Countries

Development and Growth Constraints - Corruption and Conflict

Development and Growth Constraints - External Shocks

Development and Growth Constraints - Gender Inequalities

Development and Growth Constraints - Infrastructure

Development and Growth Constraints - Malnutrition

Development and Growth Constraints - Primary Product Dependency

Development and Growth Constraints - Savings Gaps

Development and Growth Constraints - Trade Deficits

Development Strategies and Policies

Economic and Social Benefits from Trade

Economic Cycle

Economic Development

Economic Growth - Advanced Nations

Economic Growth - Advantages of Growth

Economic Growth - An Introduction

Economic Growth - Capital Investment and Growth in China

Economic Growth - Disadvantages

Economic Growth - Endogenous Growth Theory

Economic Growth - Harrod-Domar Model

Economic Growth - Human Capital

Economic Growth - Innovation

Economic Growth - Neo-Classical Growth – The Solow Model

Economic Growth - Rising Inequality and Rapid Growth

Economic Growth - Social Capital

Economic Growth in the UK - Government Policies

Economic History - UK Leaves the Exchange Rate Mechanism

Economic History: UK Joins the Exchange Rate Mechanism

Economic Systems

Economics of the European Union

Ethiopia - Growth and Development

Estonia - Growth and Development

Euro - Countries that have recently joined the Euro

European Monetary Union

European Single Market

European Union Enlargement

Exchange Rates - An Introduction

Exchange Rates - Competitive Devaluations

Exchange Rates - Currency Systems

Exchange Rates - Factors Affecting Currency Values

Exchange Rates - Fixed Currency Systems

Exchange Rates - Floating Currencies

Exchange Rates - Macroeconomic Effects of Currency Fluctuations

Exchange Rates - Managed Floating Currencies

Exchange Rates - Marshall Lerner Condition

Exchange Rates - Reasons for a Currency Depreciation

Fiscal Policy - Bond Yields

Fiscal Policy - Causes of a Budget Deficit

Fiscal Policy - Crowding Out

Fiscal Policy - Direct and Indirect Taxes

Fiscal Policy - Government Borrowing

Fiscal Policy - Growth and Development

Fiscal Policy - Impact on Aggregate Supply and Economic Growth

Fiscal Policy - Managing Aggregate Demand and Inflation

Fiscal Policy - Stamp Duty

Fiscal Policy and the Distribution of Income and Wealth

GDP and Purchasing Power Parity (PPP)

Gini Coefficient


Globalisation - Intra Industry Trade

Globalisation - Intra Regional Trade

Government borrowing and bond interest rates

Greece - Economic Growth and Development

Gross National Income (GNI)

Gross National Income (GNI)

Growth and Development - Norway

Household Saving

Human Development Index

Importance of trade for developing countries

Income and Wealth

India - Growth and Development

Inequality of Income and Wealth

Inflation - Causes of Inflation

Inflation - Consequences of Inflation

Inflation - Measuring Inflation

Inflation - Policies to Control Inflation

Inflation - Problems in Forecasting Inflation

International Monetary Fund

International Trade

Japan and South Korea Macro Performance Compared

Japanese Economy - Abenomics

Justifications for Protectionism

Keynesian Economics

Labour Migration - see also Labour migration and the UK economy (video)

Lithuania - Growth and Development

Long Run Aggregate Supply

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