Perfect and brief revision notes for Edexcel macro notes on the following topics:
Theme 2: The UK economy – performance and policies
2.1 Measures of economic performance
• 2.1.1 Economic growth
2.2 Aggregate demand (AD)
• 2.2.2 Consumption ©
• 2.2.3 Investment (I)
2.4 National income
• 2.4.1 National income
• 2.4.2 Injections and withdrawals
• 2.4.4 The multiplier
2.5 Economic Growth
• 2.5.3 Trade (business) cycle
2.6 Macroeconomic objectives and policies
• 2.6.2 Demand-side policies
• 2.6.3 Supply-side policies
Theme 4: A global perspective
4.1 International economics
• 4.1.1 Globalisation
• 4.1.2 Specialisation and trade
• 4.1.6 Restrictions on free trade
4.2 Poverty and inequality
• 4.2.2 Inequality
4.4 The financial sector
• 4.4.1 Role of financial markets
• 4.4.2 Market failure in the financial sector
4.5 Role of the state in the macroeconomy
• 4.5.2 Taxation
• 4.5.3 Public sector finances
• 4.5.4 Macroeconomic policies in a global context
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