Book Description

This book is intended as both a revision guide and student notes for Edexcel AS Economics Unit 2: Managing the Economy. It also contains examples of how to write answers for short answer questions (12 marks), and long answer questions (30 marks) when doing AD/AS analysis, including evaluation Topics covered: inflation, unemployment, balance of payments, GDP, economic growth, circular flow of income and the multiplier, AD/AS analysis, the government's economic objectives, fiscal policy, monetary policy, supply-side policy, public spending and taxation, productivity, the Phillips curve, conflicts between government's economic objectives, evaluation of government's economic policies. Although mainly aimed at the Edexcel A Level syllabus, it may also have relevance for other students on other economics courses post-16 or degree level.