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Study notes

A Level Economics Year 1 (AS) Macroeconomics Study Notes

  • Levels: AS
  • Exam boards: AQA, Edexcel, OCR, IB

Below is a topic-by-topic listing of the available study notes for the macroeconomics topics for Year 1 (AS) A Level Economics here on tutor2u. We also recommend you work through some of the AS Macro revision videos on the entry below.

Essential Revision Videos for AS Macro

Exam technique: 

Chains of reasoning

Multiple choice questions answered

Key study notes

Absolute and Relative Poverty

Accelerator Effect

Aggregate Demand (AD)

Aggregate Supply (see also Aggregate Supply collections)

Balance of Payments - Current Account

Bank Lending

Capital Investment

Circular Flow of Income and Spending

Competitiveness and Economic Policies

Consumer Spending



Developing Countries – Similarities and Differences

Economic Cycle

Economic Development

Economic Growth in the UK - Government Policies

Economic Growth - Benefits and Costs

Economic Growth and Development

Economic Growth and Economic Welfare

Economic wellbeing

Exchange Rates - An Introduction

Exchange Rates - Fixed and Floating Exchange Rates

Exchange Rates - Macroeconomic Effects of Currency Fluctuations

Exchange Rates - Reasons for a Currency Depreciation

Exchange Rates and the Trade Balance (evaluation skills video)

Fiscal Policy - Bond Yields

Fiscal Policy - Causes of a Budget Deficit

Fiscal Policy - Direct and Indirect Taxes

Fiscal Policy - Government Borrowing

Fiscal Policy - Government Spending

Fiscal Policy - Impact on Aggregate Supply and Economic Growth

Fiscal Policy - Stamp Duty

Fiscal Policy and the Distribution of Income and Wealth

Fiscal Policy - Progressive, Proportional and Regressive Taxes

Gini Coefficient


Government borrowing and bond interest rates

Gross National Income (GNI)

Household Saving

Human Capital

Human Development Index

Index Numbers

Inequality of Income and Wealth

Inequality - the Palma Ratio

Inflation - Causes of Inflation

Inflation - Consequences of Inflation

Inflation - Measuring Inflation

Inflation - The new CPIH Inflation Measure

Inflation - Policies to Control Inflation

Inflation - Problems in Forecasting Inflation

Keynesian Aggregate Supply Curve

Keynesian Economics

Labour Migration

Laffer Curve

Long Run Aggregate Supply

Macroeconomic Objectives and Macro Stability

Measuring Development - Key Indicators

Measuring Macroeconomic Performance

Measuring National Income

Measuring National Income (GDP)

Measuring Real National Income

Measuring the Standard of Living (see also this revision video)

Millennium Development Goals

Monetary Policy - Effects of Interest Rate Changes

Monetary Policy - Exchange Rates

Monetary Policy - Should UK Interest Rates Rise?

Monetary Policy - Interest Rates and Inequality

Monetary Policy - Managing Demand

Monetary Policy - Quantitative Easing (QE)

Monetary Policy - The Bank of England

Multiplier Effect

National Income per Head of Population

Net trade and aggregate demand

Nominal and Real National Income

Policies to Improve Labour Productivity

Productivity Gap in the UK

Purchasing Power Parity

Regional Policy in the UK - Enterprise Zones


Sources of Growth for the Chinese Economy

Supply-Side Economics - Introduction

Supply-Side Economics - Labour Market Reforms

Supply-Side Economics - Product Market Reforms

Supply-Side Economics - Productivity

Supply-Side Economics - Research and Development

Ten Structural Problems Facing the UK Economy

UK Economy - Competitiveness Policies

Unemployment - Causes of Unemployment

Unemployment - Measuring Unemployment

Unemployment - Policies to Reduce Unemployment

Unemployment Policies - The UK Youth Contract

What is Macroeconomics?

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