Economics A-Level: Key A2 Macroeconomics Diagrams

Economics A-Level: Key A2 Macroeconomics Diagrams Trade Diversion/ Quota/ Relative merits: Tariff vs. quota/ Subsidy to domestic producers/ Trade Creation/ Increasing the money supply (QE)/ Real wage/classical unemployment/ Standard Phillips Curve/ The expectations-augmented Phillips curve (EAPC)/ Trade - Absolute & Comparative Advantage/ FOREX Market - Depreciation/ Impact of ER depreciation: J-curve/ Limitations of fiscal policy – the Laffer Curve/ Fiscal Policy/ Globalisation – freer movement of labour/ Globalisation – freer capital flows/ Globalisation – greater FDI flows/ Globalisation – freer trade implications

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