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Introduction to Macroeconomics and GDP
This document covers these certain topics to introduce to the course of Macroeconomics. - Overview of Macroeconomics - How do we measure aggregate economic activity (GDP) - National Output concept - Circular flow of income, output, and expenditure - Examples of measuring GDP in three different methods - Types of final expenditure - Three structures of measuring GDP
- Class notes
- • 9 pages •
This document covers these certain topics to introduce to the course of Macroeconomics. - Overview of Macroeconomics - How do we measure aggregate economic activity (GDP) - National Output concept - Circular flow of income, output, and expenditure - Examples of measuring GDP in three different methods - Types of final expenditure - Three structures of measuring GDP
GCSE OCR/AQA Microscopy notes
Summary of Microscopes. Differences of microscopes mentioned along with calculations.
- Summary
- • 2 pages •
Summary of Microscopes. Differences of microscopes mentioned along with calculations.
Cells
Summary of what cells are, the two main types of cells which are eukaryotes and prokaryotes. Different components of plant cells, animal cells and bacterial cells are listed. The functions of those sub-cellular components explained.
- Summary
- • 4 pages •
Summary of what cells are, the two main types of cells which are eukaryotes and prokaryotes. Different components of plant cells, animal cells and bacterial cells are listed. The functions of those sub-cellular components explained.
Allocative & Technical Efficiency, Comparative Advantage and Free markets.
Discussion of Allocative & Technical Efficiency and how they help allocate resources. Comparative Advantage is also explained and how it helps to increase GDP when trade off and specialisation is made to tasks. There is a brief summary of the two types of statements: Normative & Positive. Lastly a brief introduction of Free markets and the role of government within them.
- Class notes
- • 3 pages •
Discussion of Allocative & Technical Efficiency and how they help allocate resources. Comparative Advantage is also explained and how it helps to increase GDP when trade off and specialisation is made to tasks. There is a brief summary of the two types of statements: Normative & Positive. Lastly a brief introduction of Free markets and the role of government within them.
Microeconomics concepts
Introduction to microeconomics. Main concepts are explained within the notes that are needed to understand the basis of the theories such as scarcity of resources.
- Class notes
- • 2 pages •
Introduction to microeconomics. Main concepts are explained within the notes that are needed to understand the basis of the theories such as scarcity of resources.
Basic concepts of Microeconomics
A brief introduction to what economics is and how it is split into two groups. It introduces the main concepts of economics such as Opportunity Cost of Capital and Scarcity. There is also a diagram of production possibility boundary in order to clear the doubts on how trade-off works.
- Class notes
- • 2 pages •
A brief introduction to what economics is and how it is split into two groups. It introduces the main concepts of economics such as Opportunity Cost of Capital and Scarcity. There is also a diagram of production possibility boundary in order to clear the doubts on how trade-off works.
Scarcity & opportunity cost of capital
this is an introduction to microeconomics which explains the concept of allocating resources which are scarce. It also explains the opportunity cost of capital. There is a little summary of the difference between Microeconomics and Macroeconomics.
- Class notes
- • 2 pages •
this is an introduction to microeconomics which explains the concept of allocating resources which are scarce. It also explains the opportunity cost of capital. There is a little summary of the difference between Microeconomics and Macroeconomics.
