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infoWhy this? Fiscal, monetary, and supply-side policies affect business investment, employment, prices, and household living standards. The aggregate demand and aggregate supply model helps us analyse these effects and evaluate policy effectiveness, time lags, conflicting objectives, and differing consequences for firms and individuals.

scheduleWhy now? This revisits Year 12 macroeconomic policy with a more developed analytical model and a deeper understanding of global economic connections. It complements the wider examination of market failure this term and provides tools for evaluating redistribution and financial instability later in the course.