Aggregate Demand (AD) and Aggregate Supply
(AS) analysis
Inflation
Balance of Payments
Exchange rates
Terms of Trade
Principles of Absolute & Comparative Advantage
Protectionism

A Level —– Paper 3 & 4

Economic growth, economic development and
sustainability
National Income statistics
Classification of countries
Employment/unemployment
The circular flow of income
Money supply (theory)
Keynesian and Monetarist schools
The demand for money and interest rate determination
Policies towards developing economies; policies of trade and aid

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