Macroeconomics activity and demand/macromodel/E-activity-start

Challenge summary

Summary:	Reflections on recessions and supply and demand
	1 - 2 hours
	Linked to assessment

Understanding a key aspect of macroeconomics: Supply and demand and it's linkage to the greater economy.

Start here

Stimulus resources

1. Explanations about macroeconomic models from Wikipedia.
2. Follow up by reading this section about short run instabilityand Keynesian and Supply-Side economic theory.
3. Knowledge acquired through watching of these videos on economic stability.

Purpose

It is important to remember that one of the main goals of macroeconomics is to predict or explain recessions and other economic fluxuations:

• To understand the main schools of economic thought.
• To understand the differences between aggregate supply and aggregate demand.
• To use this understanding to analyze real world case studies.