Part 1
Week 11: Interactive activity
6.1 Learning Outcomes:
ƒompare the dynamics of economic activity in a Short Run and a Long Run.
ƒomment on the role of government and government regulations on economic
activity.
„efine economic recession and depression.
ƒalculate changes in the economic indicators.
nalyze the relationship between Aggregate Demand and Aggregate Supply.
„iscuss sticky price and sticky wages theory.
6.2 Action Required:
Watch the video using the following link:
(908) Keynesian economics | Aggregate demand and aggregate supply | Macroeconomics |
Khan Academy – YouTube
6.3 Test your Knowledge (Question):
Q1 – Explain sticky price theory.
6.4 Instructions
Answer the given question in your own word and it should be less than 100 words.
Part 2
Interactive activity
Week 12: Interactive activity
6.1 Learning Outcomes:
•
’ecognize fiscal policy as an important tool of government intervention in a market
economy.
Recognize monetary policy as an important tool of government intervention in a
market economy.
Evaluate effects of changes in a tax policy.
6.2 Action Required:
– Watch the video using the following link:
(908) Introduction to inflation | Inflation – measuring the cost of living | Macroeconomics |
Khan Academy – YouTube
6.3 Test your Knowledge (Question):
Q2 – Explain inflation. Is zero inflation good target?
6.4 Instructions
Answer the given question in your own word and it should be less than 100 words.
Part 3
Q3 – A country has 150,000 people. Of these 25,000 are children under the age of
16. 92000 people have jobs and 8000 don have job and are looking for work and
25,000 people are retired.
a. Calculate the labour force participation rate (2.5 Marks)
b. Calculate the unemployment rate (2.5 Marks)

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