Student Investor

http://www.studentinvestor.org/

Circular Flow of Income Model - AS Economics

Make sure you carefully study Anderton Chapter on this and make use of this useful summary from PAJ:

http://www.youtube.com/watch?v=gaEY-p-21F8

Inflation versus Unemployment: The Phillips Curve

Great little 60 second adventure in Economics Video for understanding the Phillips curve.

http://www.youtube.com/watch?v=H_LHFs_Htak


Remember: a policy of trying to achieve growth may result in higher inflation but lower unemployment as some firms respond to more customers by putting up prices whilst other will open new stores. Alternatively a policy of trying to achieve lower inflation or stopping people buying imports by reducing their disposable income - might cause lower inflation but also higher unemployment.


The key point is that different levels of inflation and unemployment may coincide due to the spending and tax plans of the UK government or interest rate changes by the  Bank of England.

Arguing that higher inflation causes low unemployment OR high unemployment causes low inflation needs to be done either very carefully as in this Video or avoided so as not to confuse the reader.

AS and A2 students - why trade matters to the UK?

Understanding the UK's current imbalance problem - trade in goods deficit

http://www.economicshelp.org/blog/5776/trade/uk-balance-of-payments/

For A2 students the following is an excellent video clip on understanding 'comparative advantage theory'; essential knowledge for A2 exam.

http://www.youtube.com/watch?v=U12yZXBmQmY

AS Economics - Growth

Following your lesson on growth the BBC has some useful video resources to improve your subject knowledge:

What is GDP?
 

Can you get Economic Growth without development?

A really useful study/revision tool is Economics Help. Use the following link to add some critical insight into the growth and development debate:

http://www.economicshelp.org/blog/1187/development/economic-growth-and-development/