Meganpratt182

This package includes summaries on all units that are presribed to economics 144, with all the necessary information including graphs, curves, definitions, tables, calculations, formulas, and examples.

This summary of unit 9 introduces the labour market model and how to set it up. This explains the relationships between wages, profits and unemployment through the wage setting curve and the price setting curve, which you must know how to draw as a graph. There are various steps on how to set out each graph as well as the different elements included. This explains the equilibrium and how the equilibrium balances the different wages and profits. The governement and its policys are discussed very ...

This summary of unit 10 introduces why people choose to borrow, save, lend, or invest money. This is mostly done graphically where there is a guide on how to draw the graphs and curves, as well as how to calculate each equation. There is also an introduction to consumption and the reason/s to smooth consumption as well as how this process is done theoritically, grpahically and in the form of a calculation.

This summary of unit 13 introduces the different components of GDP and aggregate demand. There are examples of how to measure GDP growth and aggregate demand with different calculations and formulas. There are graphs on how fluctuations effect the economy and how the economy can overcome those shocks, as well as different types of shocks.

This summary of unit 14 explains the multiplier model and effect in great detail such as the formula, the calculations, examples, and the definition. The multiplier and aggregate demand function are linked and this explains it graphically and in the calculation tables. Wealth and The Great Depression are mentioned briefly with tables, graphs, and examples explaining them in a way that is easy to understand and read. There are different components to aggreagte demand and this summary explains eac...

This summary of unit 15 explains what inflation works, when it occurs, and how it happens. There are formulas to calculate inflation as well as examples to guide you through it. There are graphs that you need to know how to analyse on inflation and unemployment, and this shows the relationship between the two. This unit also includes the different policy, such as thre Fiscal and Austerity policy and how they are implemented in South Africa.

This summary of unit 16 explains how technology impacted the economy and how it changed living standards in the short and long run. Technology links to income inequality and shows graphically how this is done. South Africas unemployment and the fourth industrial revolution is all included in great depth.