Ec2b5 (EC2B5)

Detailed Ec2b5 lecture notes for macroeconomics II. Achieved first class.

This guide consolidates material from lecture transcripts, class notes, ED forum discussions, and external resources. As long as the syllabus remains unchanged, you won’t need to refer to the lecture slides — everything required to achieve a first is included here.

Summary of all concepts described below, including content from background readings and lines of arguments to be made for answers on exam. Revision of basic concepts: * IS-LM Model, * AD-AS Model, * Philips Curve. Week 1: Class questions and answers Central banks: * Why does political control of monetary policy harm long-run economic performance? * Why did the UK govt. grant independence to the BoE in 1997? * Why do many developed countries have inflation targeting? * What...