The EzyEducation website uses cookies to help ensure we give you the best experience.
If you continue without changing your settings, we assume that you are happy to receive all cookies on the EzyEducation website.
Please refer to our Privacy and Cookies Statement to

find out more.

Continue

Year 12 Recap - Business Cycles, Circular Flow of Income, Economic Activity and Quantitative Skills

Year 12 Recap - Business Cycles, Circular Flow of Income, Economic Activity and Quantitative Skills

We continue our Year 12 Recap on the theory of the business cycle.

The business cycle highlights the cyclical nature of any economy. It shows that an economy fluctuates between periods of growth culminating in a boom, followed by periods of slower/negative growth culminating in a bust. The academic importance of this is it emphasises that economies will eventually return to growth after a recession due to changes in economic fundamentals such as interest rates, exchange rates, and confidence. 

Continue reading
  3961 Hits
  0 Comments

Year 12 Recap - Economic Growth

Year 12 Recap - Economic Growth

This Year 12 Recap video covers the basics around the topic of economic growth.

In many macroeconomic essay questions, students will have to be able to draw upon their knowledge of AD/AS diagrams to apply to real-world examples the impact of policy changes on the growth prospects of a country. Therefore, it is important for students to be confident with representing both short-run and long-run growth on an AD/AS diagram. 

Continue reading
  6285 Hits
  0 Comments
Forgot your password?