AQA A-level Economics Fourth Edition
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Description
Contents
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Language
English
ISBN
9781510451896
Cover
Title Page
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Contents
Part 1 Microeconomics Individuals, firms, markets and market failure
1 Economic methodology and the economic problem
1.1 Economic methodology
1.2 The nature and purpose of economic activity
1.3 Economic resources
1.4 Scarcity, choice and the allocation of resources
1.5 Production possibility diagrams
2 Individual economic decision making
2.1 Consumer behaviour
2.2 Imperfect information
2.3 Aspects of behavioural economic theory
2.4 Behavioural economics and economic policy
3 Price determination in a competitive market
3.1 The determinants of demand
3.2 Price, income and cross elasticities of demand
3.3 The supply of goods and services
3.4 Price elasticity of supply
3.5 The determination of equilibrium market prices
3.6 The interrelationship between markets
4 Production, costs and revenue
4.1 Production
4.2 Specialisation, division of labour and exchange
4.3 The law of diminishing returns and returns to scale
4.4 Costs of production
4.5 Economies and diseconomies of scale
4.6 Marginal, average and total revenue
4.7 Profit
4.8 Technological change
5 Perfect competition, imperfectly competitive markets and monopoly
5.1 Market structures
5.2 The objectives of firms
5.3 Perfect competition
5.4 Monopoly and monopoly power
5.5 The advantages and disadvantages of monopoly
5.6 Monopolistic competition
5.7 Oligopoly
5.8 Price discrimination
5.9 The dynamics of competition and competitive market processes
5.10 Contestable and non-contestable markets
5.11 Market structure, static efficiency, dynamic efficiency and resource allocation
5.12 Consumer and producer surplus
6 The labour market
6.1 The demand for labour
6.2 Influences on the supply of labour to different labour markets
6.3 Perfectly competitive labour markets
6.4 Imperfectly competitive labour markets
6.5 The influence of trade unions in determining wages and levels of employment
6.6 The national minimum wage
6.7 Discrimination in the labour market
7 The distribution of income and wealth: poverty and inequality
7.1 The distribution of income and wealth
7.2 The problem of poverty
7.3 Government policies to alleviate poverty and to influence the distribution of income and wealth
8 The market mechanism, market failure and government intervention in markets
8.1 How markets and prices allocate resources
8.2 The meaning of market failure
8.3 Private goods, public goods and quasi-public goods
8.4 Positive and negative externalities in production and consumption
8.5 Merit and demerit goods
8.6 Market imperfections
8.7 Competition policy
8.8 Public ownership, privatisation, regulation and deregulation of markets
8.9 Government intervention in markets
8.10 Government failure
Microeconomics key terms
Part 2 Macroeconomics The national and international economy
9 The measurement of macroeconomic performance
9.1 The objectives of government economic policy
9.2 Macroeconomic indicators
9.3 The uses of index numbers
9.4 Uses of national income data
10 How the macroeconomy works: the circular flow of income, aggregate demand/aggregate supply analysis and related concepts
10.1 The circular flow of income
10.2 Aggregate demand and aggregate supply analysis
10.3 The determinants of aggregate demand
10.4 Aggregate demand and the level of economic activity
10.5 Determinants of short-run aggregate supply
10.6 Determinants of long-run aggregate supply
11 Economic performance
11.1 Economic growth and the economic cycle
11.2 Employment and unemployment
11.3 Inflation and deflation
11.4 Conflicts between macroeconomic policy objectives
12 Financial markets and monetary policy
12.1 The structure of financial markets and financial assets
12.2 Commercial banks and investment banks
12.3 Central banks and monetary policy
12.4 The regulation of the financial system
13 Fiscal policy and supply-side policies
13.1 Fiscal policy
13.2 Supply-side policies
14 The international economy: globalisation and international trade
14.1 Globalisation
14.2 Trade
14.3 The balance of payments
15 Exchange rate systems and economic growth and development
15.1 Exchange rate systems
15.2 Economic growth and development
Macroeconomics key terms
Practice questions
Acknowledgements
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