{"id":839,"date":"2011-11-01T11:58:22","date_gmt":"2011-11-01T17:58:22","guid":{"rendered":"http:\/\/opengecko.com\/economics\/aggregate-demand-part-1\/"},"modified":"2011-11-01T11:58:22","modified_gmt":"2011-11-01T17:58:22","slug":"aggregate-demand-part-1","status":"publish","type":"post","link":"https:\/\/opengecko.com\/geckoview\/economics\/aggregate-demand-part-1\/","title":{"rendered":"Aggregate Demand Part 1"},"content":{"rendered":"<p><font size=\"3\">Relevant Syllabus Points:<\/font><\/p>\n<blockquote>\n<p><font size=\"3\">3.3. Macroeconomic Models: Aggregate demand\u2014components<\/font><\/p>\n<p><font size=\"3\">3.4 Demand-side and supply-side policies: Shifts in the aggregate demand curve\/demand-side policies [fiscal policy,&#160; interest rates as a tool of monetary policy]<\/font><\/p>\n<\/blockquote>\n<p><font size=\"3\"><\/font><\/p>\n<p><b><font size=\"3\"><\/font><\/b><\/p>\n<p><b><font size=\"3\">Questions:<\/font><\/b><\/p>\n<p><b><font size=\"3\"><\/font><\/b><\/p>\n<ul>\n<li><font size=\"3\">What is Aggregate Demand?<\/font><\/li>\n<li><font size=\"3\">What are the components of Aggregate Demand?<\/font><\/li>\n<li><font size=\"3\">What shape does the curve have and why? How are the axes labelled?<\/font><\/li>\n<li><font size=\"3\">What causes a movement along the AD curve?<\/font><\/li>\n<li><font size=\"3\">What factors affect Aggregate Demand, causing it the curve shift? Categorise your answers under the four main components. Give examples and show the effects in diagrams.<\/font><\/li>\n<\/ul>\n<p><b><font size=\"3\"><\/font><\/b><\/p>\n<p><b><font size=\"3\"><\/font><\/b><\/p>\n<p><b><font size=\"3\"><\/font><\/b><\/p>\n<p><b><font size=\"3\">Overview of the Aggregate Demand Curve:<\/font><\/b><\/p>\n<p><a href=\"http:\/\/www.youtube.com\/user\/CuteChadz\"><strong><font size=\"3\">CuteChadz<\/font><\/strong><\/a><font size=\"3\"> gives a 2 minute overview. Note that figures given are UK based and the 2nd bullet point on Consumption is a bit confusing and so can be ignored:<\/font><\/p>\n<p><iframe loading=\"lazy\" height=\"315\" src=\"http:\/\/www.youtube.com\/embed\/xEAGlue1qiA?rel=0\" frameborder=\"0\" width=\"560\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p><a href=\"http:\/\/www.youtube.com\/user\/mjmfoodie\"><strong><font size=\"3\">mjmfoodie<\/font><\/strong><\/a><font size=\"3\"> on AD and AS. Watch the first 4 minutes (we can use the last 1 and a half minutes later when we cover Aggregate Supply)<\/font><\/p>\n<p><iframe loading=\"lazy\" height=\"360\" src=\"http:\/\/www.youtube.com\/embed\/hTWPrWmPJS0?rel=0\" frameborder=\"0\" width=\"480\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>&#160;<\/p>\n<p><font size=\"3\"><b>Why does the Aggregate Demand Curve slope downwards?<\/b><b><\/b><\/font><\/p>\n<p><a href=\"http:\/\/www.youtube.com\/user\/econsteve12\"><strong><font size=\"3\">econsteve12<\/font><\/strong><\/a><font size=\"3\"> gives quite a thorough and clear explanation here:<\/font><\/p>\n<p><iframe loading=\"lazy\" height=\"360\" src=\"http:\/\/www.youtube.com\/embed\/9GVUv-BJccc?rel=0\" frameborder=\"0\" width=\"480\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p><font size=\"3\">Reffonomics on <\/font><a href=\"http:\/\/www.reffonomics.com\/TRB\/chapter22\/SlopeofAggregateDemandFINAL.swf\"><font size=\"3\">Slope of Aggregate Demand<\/font><\/a><\/p>\n<p><b><font size=\"3\"><\/font><\/b><\/p>\n<p><b><font size=\"3\">What factors affect aggregate demand?<\/font><\/b><\/p>\n<p><a href=\"http:\/\/www.youtube.com\/user\/CuteChadz\"><strong><font size=\"3\">CuteChadz<\/font><\/strong><\/a><font size=\"3\"> gives a 10 minute overview, referring to such things as loose, tight, fiscal, and monetary policy.<\/font><\/p>\n<p><iframe loading=\"lazy\" height=\"360\" src=\"http:\/\/www.youtube.com\/embed\/xapjzEVygSc?rel=0\" frameborder=\"0\" width=\"480\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p><b><font size=\"3\">Specifically, what influences Consumption, the main component of AD?<\/font><\/b><\/p>\n<p><a href=\"http:\/\/www.youtube.com\/user\/pajholden\"><strong><font size=\"3\">pajholden<\/font><\/strong><\/a><font size=\"3\"> gives a 7 minute 15 seconds overview:<\/font><\/p>\n<p><a href=\"http:\/\/www.youtube.com\/watch?v=2fmfNNwBpik\"><font size=\"3\">http:\/\/www.youtube.com\/watch?v=2fmfNNwBpik<\/font><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Relevant Syllabus Points: 3.3. Macroeconomic Models: Aggregate demand\u2014components 3.4 Demand-side and supply-side policies: Shifts in the aggregate demand curve\/demand-side policies [fiscal policy,&#160; interest rates as a tool of monetary policy] Questions: What is Aggregate Demand? What are the components of Aggregate Demand? What shape does the curve have and why? How are the axes labelled?&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,10],"tags":[238,248,115],"class_list":["post-839","post","type-post","status-publish","format-standard","hentry","category-economics","category-ib-economics","tag-aggregate-demand","tag-macroeconomics-2","tag-video"],"_links":{"self":[{"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/posts\/839","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/comments?post=839"}],"version-history":[{"count":0,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/posts\/839\/revisions"}],"wp:attachment":[{"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/media?parent=839"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/categories?post=839"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/tags?post=839"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}