A-level Economics - Kenyesian vs Monetarists (3 lessons)

As an experienced economics teacher with over 10 years in the classroom, I’ve created this comprehensive resource on Keynesian vs Monetarist Schools of Thought, designed to cover advanced concepts and key debates in macroeconomics. This resource is ideal for teachers aiming to deliver clear, engaging lessons that help students excel in understanding these critical theories.

What’s included:

• Key differences between Keynesian and Monetarist approaches: A detailed exploration of their views on economic policy, intervention, and stability.
• The liquidity trap:
• Keynesian perspectives on its causes and implications.
• Monetarist critiques and alternatives.
• The Phillips curve:
• Analysis of the short-run and long-run trade-offs between inflation and unemployment.
• Discussion of the Monetarist adaptation and the concept of the natural rate of unemployment.
• Inflation and output gaps:
• Examination of how both schools interpret and address inflationary and deflationary gaps.
• Use of advanced graphs to clarify these concepts.
• The transmission mechanism:
• Keynesian and Monetarist explanations of how monetary policy impacts the economy.
• Step-by-step breakdowns to ensure clarity.

Key Features:

• Comprehensive, accurate content: Fully aligned with the syllabus, ensuring students grasp complex theories.
• Advanced graphs and visuals: Illustrating key concepts like output gaps, the Phillips curve, and the transmission mechanism.
• Engaging exercises and questions: Activities designed to deepen understanding and encourage critical thinking.
• Real-world examples: Relating theory to practice to enhance comprehension.
• Plug-and-play design: Lessons are fully prepared and ready to use, saving you hours of planning.

This resource is a must-have for any teacher looking to provide a thorough understanding of Keynesian and Monetarist theories. It’s detailed, engaging, and designed to help students succeed in both understanding and application. Perfect for taking macroeconomic debates to the next level in your classroom!