2.1  Big Questions

215 - IBQ samples

2.1 Mayu - Syllabus Notes

2.1 Mayu - Syllabus Notes (pdf)

Syllabus 2.1
Marco Activity

217 Macro Circular Flow

215 - Other Macro Circular Flow

211 - Circle of Flow Diagrams

212  - Simple Circular Flow Diagrams

213 - Use of Macro Statistics+GDP Deflator

214 - Business Cycle + GDP Trends

863 2.6 Review see Submariner folder

Macro Circular Flow of Income

Welker: Measuring GDP

MJM: GDP

MJM: Real GDP

PAJ: Macroeconomic Goals

Stiglitz: Problems with GDP Statistics

Moniac: how an economy does not work

210 Big Ideas 2.1

You Tube 2.1

Dictionary:

2.1 Macroeconomic Activity

1. business cycle
2. circular flow of income
3. closed economy
4. expenditure flow
5. GDP
6. GDP deflator
7. GNI
8. GNP
9. ‘green’ GDP
10. growth
11. income
12. injection
13. LDC
14. Leakage
15. macroeconomic model
16. macroeconomics
17. MDC
18. national Income
19. national income at market  prices
20. national income statistics
21. nominal national income/output
22. open economy
23. per capita income
24. real national income/output
25. value of output flow
26. wealth

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