AQA Economics Macro 1

AQA Economics Macro 1 introduces students to the analysis of the national economy and the measurement of macroeconomic performance.

You will study economic growth, inflation, unemployment and the balance of payments, together with the indicators used to assess economic performance. The course develops understanding of national income, the circular flow of income, aggregate demand and aggregate supply, including the determinants of consumption, investment, government spending, exports and imports.

You will also explore the multiplier process, economic cycles, output gaps and the causes and consequences of changes in economic activity, developing the ability to use macroeconomic models to explain real-world economic problems.