Year 13 Economics
ECON4: Produce a powerpoint presentation illustrating why monetarists might believe that "unemployment is a price worth paying." Using AD (shifting in) then AS (shifting out) analysis. Study Long Run Phillips curve, Short Run Phillips curve and the natutal rate of unemployment and try to integrate them into your presenttation.
ECON3: Be prepared to accurately draw the perfect competition diagram in your next lesson.
Year 12 Economics:
ECON 2: Study in AS Powell the Balance of Payments. Be prepared to write up the key elements of the current account and accurately define them.
ECON 1: Sudy shifts in supply and demand. Try to master using market force language of surpkuses/shortages as well as extensions/contactions.
All work is due next lesson.
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