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Chapter 15 Measurement of Economic Performance (I)
Data interpreting: Finding GDP component(s), GDP at factor cost/market prices
Diagram reading: Production chains
Abbreviations Using
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Chapter 16 Measurement of Economic Performance (II)
Data interpreting: Relationships among (growth rates of) nominal GDP, real GDP, population and price level
Maths Skills Developing: Nominal vs real value: Real GDP and nominal GDP
Maths Skills Developing: Percentage change: growth rate of GDP, population and per capita GDP
Abbreviations Using
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Chapter 17 Aggregate Demand and Aggregate Supply
Abbreviations Using
Graph drawing: Drawing AD, SRAS and LRAS curves
Data interpreting: Events/situations leading to the change(s) in AD and/or SRAS/LRAS
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Chapter 18 Determination of Output and Price
Graph drawing: Indicating a deflationary/an inflationary gap
Graph drawing: Indicating the change(s) in AD and/or SRAS/LRAS curve(s)
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Chapter 20 Money Supply and Money Demand
Maths Skills Developing: Infinite geometric series: maximum change in deposits
Abbreviations Using
Data interpreting: Actions leading to the change(s) in M1/M2/M3