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CFA Level 1 Economics
·
Module 7
Economic Growth and the AD-AS Model
1
"Production Function and Economic Growth"
Describe the sources of long-run economic growth using the production function.
2
Understanding Potential GDP and Sustainable Growth
Explain the concepts of potential GDP and sustainable growth.
3
Aggregate Demand: Components and Shifts
Describe the components of aggregate demand (AD) and explain factors that shift the AD curve.
4
Understanding the SRAS Curve and Its Shifters
Describe the short-run aggregate supply (SRAS) curve and explain factors that shift it.
5
LRAS and Potential GDP
Describe the long-run aggregate supply (LRAS) curve and its relationship to potential GDP.
6
AD-AS Model: Short-Run and Long-Run Equilibrium
Identify short-run and long-run macroeconomic equilibrium using the AD-AS model.
7
AD/AS Shifts and Macroeconomic Outcomes
Analyze the effects of shifts in AD and SRAS on the price level and real GDP.
Previous module
Measuring the Macroeconomy
Next module
Business Cycles and Macroeconomic Theory