Government Expenditure and Net Trade Balance as components of AD. Spec 2.3.2

Detailed explanation of Consumption as a component of AD. Spec 2.3.2

Detailed explanation of Investment and multiplier effect

Government Intervention and Market Failure

Demand, supply and market for labour

Partnership Accounts- Capital and Current Accounts, Entry and Exit of partners, Goodwill

Ratio Analysis of Financial Statements- Social and Ethical Accounting

Characteristics of Aggregate Demand Spec 2.3.2

Detailed explanation of Aggregate Supply- Long run and Short run. Classical and Keynesian models

Explaining equilibrium levels of real national income using AD/AS Spec 2.3.4

costs and benefits of economic growth- output gaps. Spec 2.3.5

bundle of 2 powerpoints detailing government macro objectives and the conflicts that arise

Explanation of the circular flow of income. Spec 2.3.4

explanation of the workings of the multiplier

Detailed explanation of causes of economic growth Spec 2.3.5

Consolidated Review of Chapters 4-10 including past paper questions

Positive Behaviour Management

Types and sizes of firms and business objectives. Chapters 1,2 and 3

Double Entry System. Books of Prime Entry, Ledgers, Balances and use of IT in Accounting