Long-Run Aggregate Supply (LRAS)

Students will understand the key economic theory of the long-run aggregate supply curve. The lesson cover show aggregate supply is calculated and how it can be show on LRAS curves. The lesson covers how LRAS curves can move and shift and how this links to PPF diagrams. The lesson includes deep theory, many tasks, videos and examples. This lesson is aimed at higher level Macroeconomic teaching and includes a great task looking at both the Classical and Keynesian models.