Economics Macro

Macroeconomic Review

Some text here about the topic of discussion

​Present real life examples

1. Present your real life example to your partner, emphasize on the key information​ so you partner can understand and remember your example

Some text here about the topic of discussion

2. Present your real life example you learn from the previous partner to your partner(randomly assigned)

3. I will randomly pick one or two students to share all the real life examples with the rest of students

Draw

·  “An increase in aggregate demand may not lead to an increase in real national income.” To what extent is this statement valid? [15]

Draw

·  Discuss the view that economic growth can only be achieved at the expense of other macroeconomic objectives such as a low and stable rate of inflation and equity in the distribution of income. [15]

Draw

·  Explain, using a diagram, how interest rates are determined in an economy. [10]

Draw

·  Explain the causes of economic growth in terms of an increase in actual output and an increase in potential output. [10]

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​Try to think of an essay question based on the following diagrams

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Open Ended

​Try to think of an essay question based on the following diagrams. (Put your question number clearly_

Open Ended

·  Discuss the view that economic growth can only be achieved at the expense of other macroeconomic objectives such as a low and stable rate of inflation and equity in the distribution of income. [15]

List all the evaluation points