Theme 2: The UK economy – performance and policies

Notes for the Edexcel A-Level Economics module: Theme 2: The UK economy – performance and policies. These have been made according to the specification and cover all the relevant topics for examination in May/June.

Edexcel A-Level Theme 2: The UK economy – performance and policies Notes:

• 2.1.1 Economic growth
• 2.1.2 Inflaton
• 2.1.3 Employment and unemployment
• 2.2.1 The characteristcs of AD
• 2.2.2 Consumpton (C)
• 2.2.3 Investment (I)
• 2.2.4 Government expenditure (G)
• 2.2.5 Net trade (X-M)
• 2.3.1 The characteristcs of AS
• 2.3.2 Short-run AS
• 2.3.3 Long-run AS
• 2.4.1 National income
• 2.4.2 Injectons and withdrawals
• 2.4.3 Equilibrium levels of real natonal output
• 2.4.4 The multplier
• 2.5.1 Causes of growth
• 2.5.2 Output gaps
• 2.5.3 Trade(business) cycle
• 2.5.4 The impact of economic growth
• 2.6.1 Possible macroeconomic objectves
• 2.6.3 Supply-side policies
• 2.6.4 Conflicts and tradeoffs between objectves and policies