Aggregate Demand and Supply notes
15 notes by 11 users
This GoConqr page gathers community-made notes on aggregate demand and supply, from consumption and saving to the multiplier effect and supply curves. The over 10 notes cover school and university-level material for university students and professional candidates, school students practising these topics, and teachers looking for ready-made material. Pick a note to start revising.
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- Aggregate Demand34
- Consumption and Saving13
- Saving, Investment and Financial Markets12
- Keynesian Economics and Aggregate Expenditure15
- Aggregate Supply15
- Short-Run Aggregate Supply10
- Long-Run Aggregate Supply6
- Macroeconomic Equilibrium and Shocks10
- Business Cycles and Economic Fluctuations5
- Fiscal and Monetary Policy6
- IS-LM Model18
Notes
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29 Consumption and saving Key points: Consumption can be divided into spending on durable and non-durable goods The consumption function shows the relationship between consumption and its determinants, main being income Consumption is affected...
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Untitled • •Saving, Investment, and •the Financial System •Financial Institutions •Financial system: Group of institutions in the economy that help match one person’s saving with another person’s investment. –Moves the e...
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Chapter 26 •Saving, Investment, and •the Financial System •Financial Institutions •Financial system: Group of institutions in the economy that help match one person’s saving with another person’s investment. –Moves ...
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Chapter 26 notes •Saving, Investment, and •the Financial System •Financial Institutions •Financial system: Group of institutions in the economy that help match one person’s saving with another person’s investment. –Moves ...
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Untitled THREE IDEOLOGIES 1.Economic nationalism Was called mercantilism, assumes and advocates the primacy of politics over economics. It is a doctrine of a state building and asserts that the market should be subordinate to ...
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THE MULTIPLIER EFFECT THE MULTIPLIER EFFECT WHAT IS IT? occurs when an initial injection into the economy causes a bigger final increase in national income like ripples in a pond EXAMPLE: government spent an extra £2billion on the NHS, thu...
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AS/AD curve recap worksheet Downward Sloping Aggregate Demand Curve [CHECK ANSWERS] 1) Explain how Aggregate Demand is different from a demand curve. Demand is microeconomics concept whole agreegate demand is macroeconomics concept. Deman...
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9.5 Shifting the aggregate supply curves over the long term Factors that change aggregate supply over the long term: 1. increases in quantities of the factors of production: -if the quantity of a factor of production increases the LRAS curve and the Keynesian AS curve s...
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9.4 Aggregate supply and equilibrium in the Keynesian model -inflexible wages and prices mean that the economy cannot move into the long run -inflexible wages an prices are shown by a horizontal section of the Keynesian AS curve Shape of the Keynesian aggregate supp...
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Classical v Keynesian AS curve Classical AS curve LRAS shows productive capacity of an economy using its factors of production. Factos influencing LRAS: technological advances changes in education and skills changes in relative productivity changes...
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9.3 Long-run aggregate supply and long-run equilibrium in the monetarist/new classical model Monetarist/new classical: -the importance of the price mechanism in co-ordinating economic activities -the concept of competitive market equilibrium thinking about the economy as a harmonious system that automati...
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chapter 26 - created from Mind Map aggregate demend aggregate supply Disposable income
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Class Notes GDP- Gross Domestic ProductGNI- Gross National IncomeGNP-Gross National ProductAggregate demand is the total amount of real GDP the consumers, firms, the government and foreigners want to by at each possible price lev...
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Untitled AGGREGATE DEMAND = GDP COMPOMENTS OF AD = CONSUMPTION + GOVT SPENDING + INVESTMENT + EXPORTS - IMPORTS. New Page
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IS-LM - created from Mind Map IS (GOODS MARKET)INCREASE IN INCOME IS-LM
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About aggregate demand and supply notes
GoConqr OriginalWhat the aggregate demand and supply notes cover
The notes explore consumption and saving, financial institutions and the multiplier effect. On the supply side, they include material on long-run equilibrium in the monetarist and new classical model, Keynesian equilibrium, and shifts in aggregate supply over the long term.
How to revise with notes
Start with AS/AD curve recap worksheet if you want a question to work through. It asks how aggregate demand differs from a demand curve. Write your own answer before checking the notes.
For a closer look at supply, read Classical v Keynesian AS curve, then use the notes on the Keynesian model and long-term shifts to explore those topics further. Summarise each note in your own words and return to any point you find unclear.
When you want a visual overview or a way to check your recall, switch to a mind map or quiz on the unit page. Choose a note that matches the topic you are studying.
Frequently asked questions
Which note could I start with?
The AS/AD curve recap worksheet is a useful starting point if you want to work through a question. It asks how aggregate demand differs from a demand curve. For a comparison of supply curves instead, the note called Classical v Keynesian AS curve is another option.
What topics do the notes cover?
The collection includes notes on consumption and saving, financial institutions, the multiplier effect and aggregate demand. It also covers long-run aggregate supply, Keynesian equilibrium and factors that shift supply curves over the long term. You can choose the notes that match the part of the unit you are revising.
Are these notes free to use?
Yes. Every resource listed here is free to open and study without an account. The notes were made by GoConqr users rather than by GoConqr. A free account also lets you save quiz scores and make your own quizzes, mind maps, flashcards and notes.