IA (Eco) Macroeconomic IA Diagrams

[graciepomme]

Hellooooo ~

I'm doing an article on inflation in Britain but I have absolutely no idea how to incooperate diagrams into this IA. Our teacher only taught us aggregate demand and aggregate supply right now but he expects us to finish this IA for tomorrow..

If you guys have any possible suggestions that'd be great ~!

Someone told me the Phillips curve could work but I dont know... I want 2 diagrams atleast

[Guest [email protected]]

Hellooooo ~

I'm doing an article on inflation in Britain but I have absolutely no idea how to incooperate diagrams into this IA. Our teacher only taught us aggregate demand and aggregate supply right now but he expects us to finish this IA for tomorrow..

If you guys have any possible suggestions that'd be great ~!

Someone told me the Phillips curve could work but I dont know... I want 2 diagrams atleast

Try to use a keynesian or a neo-classical diagram.

Use the site linked below to get more information about inflation.

http://welkerswikinomics.com/blog/category/inflation/

[dniviE]

For inflation you can use a Keynesian or Neo-Classical diagram that shows an inflationary rise in the aggregate demand or aggregate supply resulting in an increased average price level. The Phillips curve shows the trade-offs between unemployment and inflation with the inflation rate on the Y-axis and the unemployment rate on the X-axis.

My suggestion is that you first show the inflationary rise in the aggregate demand or aggregate supply resulting in an increased average price level and then show the possible effects of that on the unemployment rate with the Phillips curve.

See here for an example of the Phillips curve: https://ib-econ.wikispaces.com/file/view/philips_curve.png/186412307/philips_curve.png

Good luck and do check out the other threads on IB Economics IAs in the Economics-section of the forum and the samples in the Files/Notes-section (VIP required):

• http://www.ibsurvival.com/topic/22435-economics-internal-assessment-evaluation-part/
• http://www.ibsurvival.com/topic/11573-tips-for-economics-portfolio-commentary/
• http://www.ibsurvival.com/files/category/27-sample-internal-assessments/

[graciepomme]

For inflation you can use a Keynesian or Neo-Classical diagram that shows an inflationary rise in the aggregate demand or aggregate supply resulting in an increased average price level. The Phillips curve shows the trade-offs between unemployment and inflation with the inflation rate on the Y-axis and the unemployment rate on the X-axis.

My suggestion is that you first show the inflationary rise in the aggregate demand or aggregate supply resulting in an increased average price level and then show the possible effects of that on the unemployment rate with the Phillips curve.

See here for an example of the Phillips curve: https://ib-econ.wikispaces.com/file/view/philips_curve.png/186412307/philips_curve.png

Good luck and do check out the other threads on IB Economics IAs in the Economics-section of the forum and the samples in the Files/Notes-section (VIP required):

• http://www.ibsurvival.com/topic/22435-economics-internal-assessment-evaluation-part/
• http://www.ibsurvival.com/topic/11573-tips-for-economics-portfolio-commentary/
• http://www.ibsurvival.com/files/category/27-sample-internal-assessments/

Thank you so much ~ That's a lot of advice that I will def consider. This is my article so I was wondering if anyone could take a look at it and see if it's suitable to write a whole IA on I'm having such a hard time writing IAs and it was due a long time ago but no one in our class has handed it in because we have no idea what to write it on. Our class did poorly on the first microeconomics IA as well so I'm really trying to make this one good ~

http://www.theglobeandmail.com/report-on-business/international-business/european-business/britons-see-inflation-rising-rate-hike-expectations-muted-bank-of-england/article15800119/

Hellooooo ~

I'm doing an article on inflation in Britain but I have absolutely no idea how to incooperate diagrams into this IA. Our teacher only taught us aggregate demand and aggregate supply right now but he expects us to finish this IA for tomorrow..

If you guys have any possible suggestions that'd be great ~!

Someone told me the Phillips curve could work but I dont know... I want 2 diagrams atleast

Try to use a keynesian or a neo-classical diagram.

Use the site linked below to get more information about inflation.

http://welkerswikinomics.com/blog/category/inflation/

THANK YOU VERY MUCH