This is one of a set of Powerpoints (and accompanying Notes/Key Terms sheets) that I have created for my own teaching of the macroeconomic topics in the new (linear) AQA AS Economics specification (7135). They follow the order of teaching recommended by the exam board and (generally) the AQA-approved textbook (Powell & Powell, 2015).
Key terms covered in this Powerpoint: (references to the specification):
3.2.1.1 The objectives of government economic policy
• The main objectives of government macroeconomic policy: economic growth, price stability, minimising unemployment and a stable balance of payments on current account.
3.2.1.2 Macroeconomic indicators
• Data which is commonly used to measure the performance of an economy, such as: real GDP, real GDP per capita, Consumer
Prices and Retail Prices Indices (CPI/RPI), measures of unemployment, [and] productivity
3.2.1.3 Uses of index numbers
• How index numbers are calculated and interpreted, including the base year and the use of weights.
• How index numbers are used to measure changes in the price level and changes in other economic variables.
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