Day: May 20, 2013

Unit 2: Managing the economy

Topics covered in this unit:

1. Measuring the performance of developed and developing countries

– Measuring Economic Growth
– Measuring Inflation
– Measuring unemployment
– Balance of Payments
– Human Development Index
– Other measures of development

2. Income and wealth

– Circular flow of income
– Wealth and its relationship to income

3. Aggregate Demand

4. Aggregate Supply

5. Determining the price level and equilibrium level of real output

6. Causes, costs and constraints on economic growth

7. Macroeconomic objectives of governments

8. Demand-side macroeconomic policy instruments

9. Supply-side policies

10. Glossary of Unit 2 : Managing the economy