IB+Macro+revision

[[file:macro goals 2013.doc]]
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Macro Revision Videos:
Monetary Policy:Watch the video and then answer the questions below media type="file" key="IB Monetary Policy.flv" width="360" height="270"


 * 1) What is the definition of monetary Policy
 * 2) How does monetary Policy work
 * 3) Use AS AD diagrams to show expansionary monetary policies

==Student Task: [|Read this topical post from the Guardian] and diagrammatically explain the likely effects of higher oil prices on the world economies. How may this be worse than a slowdown caused by the Greek debt crisis? (again show this on a diagram) ==

==Discussion topic: Which diagram to use for Cost push and Demand pull inflation? Which to use to show Supply side policies and Deflationary gaps? Which to show for expansionary fiscal and monetary policies? ==

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media type="file" key="Supply side movie.swf" width="825" height="825"



Explain using diagrams how Classical economists claim that full employment equilibrium is restored if a deflationary gap exists in the short run.

And some more past questions on Macro topics 

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