unit revision blogs

remember unit specific revision material can be found at:


www.econ3revision.blogspot.com


www.econ4revision.blogspot.com

Uk monetary policy position

macro charts

supply side policy 2014

economiconline notes

fiscal policy 2014

economicsonline hm treasury obr

Monetary Policy 2014

 

The Transmission Mechanism:

 

 

overview of monetary policy BoE Feb 2014 (pdf)

 

inflation report November 2013 (webcast)

Quantitative Easing

Libor Explained



FLS Explained


Forward Guidance Discussed



ECB and Monetary Policy

ECB Monetary Policy Homepage

Inflation Unemployment Trade Off

 

 

inflation

Unemployment

 

 

 

 

 

 

 

 

 

 

multipliers and accelerators

watch from 1.40 for a simple introduction

Presentation

HDI = Development?

The HDI is a composite measurement which includes real GDP per capita at ppps, life expectancy, adult literacy and years of schooling in a weighted format. This reflects the standard of living, longevity and knowledge. The components are combined to give a single value between 0 and 1. The HDI can be adjusted to take into account income distribution and can be disaggregated for individual groups of regions. In these ways it improves on GDP, gives a simple comparison and reflects important elements of development. It is open to criticisms for the continuing omissions e.g. access to clean water and the elements which it is unable to measure e.g. political freedom. It has its own issues such as the equal weighting of the components and the difficulty in measuring quality as opposed to quantity. Other measures such as the HPI and MEW may be alternatives. 

macro objectives

  economicsonline notes

• measuring performance 
• sustainable growth 
• development 
• stable prices 
• full employment 
• balance of payments

Debt and Deleveraging in the Business Cycle

Business cycle Review

imf research nber business cycle timing

Econ 3 Revision for Stage Test

 

supply side policy

micro economic polices aimed at achieving macro economic goals

• economicsonline notes on ssp
• t2u notes on ssp
• economics help notes on ssp
• s-cool notes on ssp

fiscal policy

monetary policy

macro diagams review

growth and development

 

growth and carbon issues global development (the guardian)


UK Growth

"The National Institute interprets the term “recession” to mean a period when output is falling or receding, while “depression” is a period when output is depressed below its previous peak. Thus, unless output turns down again, the recession is over, while the period of depression is likely to continue for some time. We do not expect output to pass its peak in early 2008 until 2015."

Source NIESR Nov 2013

oecd business cycle clock