Economics WEC12/01 June 2019

Edexcel International AS/A Level Economics (WEC) Jun 2019

معلم موافق رایگان بودن است.

1. Macroeconomic indicators: current account deficit, inflation rates, output gap, unemployment rate, savings ratio, real GDP growth, fiscal policy, marginal propensity to consume (MPC), investment impact, interest rate effects.

2. Balance of payments concepts: current account deficits/surpluses, effects of import/export changes, external trade influences on inflation and unemployment.

3. Inflation trends: inflation, disinflation, deflation distinctions; effects on economic growth and employment.

4. Unemployment dynamics: changes over time, percentage change calculations, effects of migration and economic policies.

5. Fiscal and monetary policy elements: base interest rate changes and economic effects, fiscal policy definition, indirect tax reduction effects, investment impact on national income.

6. Aggregate supply and demand (AS-AD) modeling: short-run AS and AD shifts due to external shocks like oil price changes; effects on price levels and real output.