Alternative views of aggregate supply - this is where there is controversy...
Once again you will be working from the Aggregate Supply packet to address the objectives above.
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The AD curve
Aggregate demand is the total spending in an economy consisting of consumption, investment, government expenditure and net exports, i.e. the total quantity of output (Real GDP) that all buyers in an economy want to buy at different possible price levels (Average Price Level). You will be given some worksheets to do to address the objectives above, one of them linked to the video below: Single indicators
First, we will do a ranking activity where you will all be assigned a country. Here are the most recent HDI figures - check how your home country rates http://hdr.undp.org/en/2018-update Make a copy of this document and complete the tasks https://docs.google.com/a/aisbudapest.org/document/d/1J_luWNIWy6CL7ChGMugqNPbc_B-ET9i1qlCgepQjpF4/edit?usp=sharing When you have finished, choose a country from those in the LDC category and make a country profile (such as the one below for Senegal) using spark.adobe.com and link it here. Senegal |
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March 2021
Maree SpraggonTeacher of IB Economics at the American School of Budapest Categories |