<#>Theme 3: The National and International Economy -- Lecture Notes
Topics: AD-AS model, circular flow of income, multiplier effect, macroeconomic issues (growth, unemployment, inflation, BOT), fiscal/monetary/supply-side policies, globalisation and trade.
See Theme3_NationalIntlEconomy_LectureNotes.pdf for full crash-course notes.
Key formulae: AD = C + I + G + (X - M), k = 1/(1-MPC) = 1/(MPS+MPT+MPM), Real GDP = Nominal/GDP Deflator * 100