1. Inflation Measurement and Causes – Defining inflation, comparing CPI and RPI, and explaining one cause of inflation.

2. Long-run Aggregate Supply (LRAS) Curve – Illustrating the Classical LRAS curve and explaining its shape in terms of full employment.

3. Balance of Trade and Economic Trends – Analyzing the UK’s trade deficit from 2014 to 2018 and identifying key contributing factors.

4. Monetary Policy and Interest Rate Changes – Examining the effects of a base interest rate increase on aggregate demand and supply.

5. Government Budget and Fiscal Policy – Explaining a balanced government budget and discussing the effects of reducing the UK’s budget deficit.

6. Household Consumption and Economic Growth – Evaluating the impact of increased consumer spending on aggregate demand and macroeconomic stability.