"circular flow econ a level"

Keynesianism vs Monetarism

23 December 201730 December 2016 by Tejvan Pettinger

Readers Questions Could you please explain the comparison between the Keynesianism & monetarism? Keynesianism emphasises the role that fiscal policy can play in stabilising the economy. In particular Keynesian theory suggests that higher government spending in a recession can help enable a quicker economic recovery. Keynesians say it is a mistake to wait for markets …

Aggregate demand

9 September 201928 November 2016 by Tejvan Pettinger

Aggregate demand (AD) is the total demand for goods and services produced within the economy over a period of time. Aggregate demand (AD) is composed of various components. AD = C+I+G+ (X-M) C = Consumer expenditure on goods and services. I = Gross capital investment – i.e. investment spending on capital goods e.g. factories and …

OCR AS Revision guide (network license)

17 January 20203 September 2015 by Tejvan Pettinger

Specific OCR AS economics revision guide updated for the new OCR economics syllabus (first exam 2016)
Trademark simplicity and clarity of presentation.
Significantly expanded on previous version, with not just required knowledge, but also examples of evaluation for each topic.
It comes in pdf format and is sent within a couple of hours after purchase.

About network license

Allows unlimited use within one educational establishment.
Comes with word documents too, to enable modification for teaching.

Was Britain better off in 1914?

18 November 201713 March 2015 by Tejvan Pettinger

Readers Question on Debt and GDP Readers Question: OK so the debt to GDP looks manageable when it is compared to the figure during the world wars but : Q1. how do you calculate GDP rationally in wartime , did factories sell tanks to the army, were soldiers and workers paid commensurately for their labour ? GDP …