Summary:	Reflections on recessions and supply and demand
	1 – 2 hours
	Linked to assessment

Understanding a key aspect of macroeconomics: Supply and demand and it’s linkage to the greater economy.

1. Explanations about aggregate demand.
2. Follow up by reading this section about Equilibrium GDPand it’s implications on aggregate demand.
3. Knowledge acquired through watching of these videos on aggregate demand issues.

It is important to remember that aggregate demand is the sum of consumption, investment, government expenses, and net exports, while aggregate supply is the total output an economy produces at a given price level. The goal of this challenge is to:

• Understand what other factors, notably GDP and unemployment, impact the economy.
• To understand the ways these factors can impact the economy.
• To use this understanding to analyze real world case studies.