Year 12 Recap - SRAS Curve
Next up on our Year 12 Recap videos are Short-Run Aggregate Supply Curves.
Short-run aggregate supply curves provide economists with a graphical way of representing the aggregated supply of an economy's goods and services produced at any given point in time. Being able to understand the basic upward shape of SRAS curves and the distinction between a movement along the SRAS curve and a shift is a crucial skill amongst economists.
SRAS curves are vital for AD/AS analysis - the core bedrock of many macroeconomic essay responses. Understanding how a factor is likely to shift the SRAS curve for a market and being able to diagrammatically represent this is an essential skill.
Here Jacob guides you around the topic of SRAS curves:
Our Year 12 recap is supported by our new awesome revision mindmaps. Find out more about them and how teachers and students can access them by clicking here.
EzyEconomics is the ultimate online A Level Economics support service. Schools can enjoy a free 30-day trial to see for themselves how EzyEconomics can support their teaching and help their students achieve better grades. Register now to start your EzyEconomics journey!