Introduction to macroeconomics


Inflation latest

CPI inflation steady at 3.0%. 

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GDP latest

UK grows by 0.4% in 3rd quarter of 2017, and by 1.5% in the year to September 2017.

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A Level economics

2018 Edition available now.

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Economics Online's macro-economics pages introduce macro-economic concepts, models, and theories, and explain how macro-economic problems are analysed, and policies evaluated.

Bank of England LionsEconomic policy -  is the deliberate attempt to generate increases in economic welfare. Since the late 1920s, when many advanced economies were on the brink of complete collapse, economists have recognised that there is a role for government in steering a macro-economy towards increased economic welfare. More...

InflationInflation - inflation and deflation arise from changes in either the demand side or supply side of the macro-economy. Demand pull inflation usually occurs when there is an increase in aggregate monetary demand caused by an increase in one or more of the components of aggregate demand (AD), but where aggregate supply (AS) is slow to adjust. More...

Jobs signUnemployment - there are a number of types of unemployment, defined in terms of cause and severity. Cyclical unemployment exists when individuals lose their jobs as a result of a downturn in aggregate demand (AD). If the decline in aggregate demand is persistent, and the unemployment long-term, it is called either demand deficient, general, or Keynesian unemployment. More...

Poverty homelessPoverty - the alleviation of poverty is increasingly seen as a fundamental economic objective. Poverty creates many economic costs in terms of the opportunity cost of lost output, the cost of welfare provision, and the private and external costs associated with exclusion from normal economic activity. These costs include the costs of unemployment, crime, and poor health. More...

Go to: 'What is macro-economics'?


Brexit latest

Barnier - tariffs unavoidable if UK leave customs union.

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UK unemployment falls to a 40 year low.

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Customs unions

Costs and benefits of customs unions.

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New materials

Multiple choice papers for Paper Three.

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Brexit update

Article 50

What trading options are available to the UK?

Savings ratio

Savings ratio falls to lowest level on record.

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Tax avoidance

Double Irish - and a Dutch Sandwich more..

The OECD presents its final package for reform of international tax rules..more

OECD - reducing income inequality will boost growth..more