My Revision Notes: AQA AS Economics
US$ 19.19
The publisher has enabled DRM protection, which means that you need to use the BookFusion iOS, Android or Web app to read this eBook. This eBook cannot be used outside of the BookFusion platform.
Description
Contents
Reviews
Language
English
ISBN
9781471865862
Cover
Title Page
Copyright
Get the most from this book
My revision planner
Countdown to my exams
Paper 1 The operation of markets and market failure
1 Economic methodology and the economic problem
Economic methodology
The nature and purpose of economic activity
Economic resources
Scarcity, choice and the allocation of resources
2 Price determination in a competitive market
The meaning of a competitive market
The determinants of the demand for goods and services
Price, income and cross elasticities of demand
The determinants of the supply of goods and services
Price elasticity of supply (PES)
The determination of equilibrium market prices
The interrelationship between markets
3 Production, costs and revenue
Production and productivity
Specialisation, division of labour and exchange
Costs of production
Economies and diseconomies of scale
Average revenue, total revenue and profit
4 Competitive and concentrated markets
Market structures
The objectives of firms
Competitive markets
Monopoly and monopoly power
The competitive market process
5 The market mechanism, market failure and government intervention in markets
How markets and prices allocate resources
The meaning of market failure
Public goods, private goods and quasi-public goods
Merit and demerit goods
Market imperfections
An inequitable distribution of income and wealth
Government intervention in markets
Government failure
Paper 2 The national economy in a global context
6 The measurement of macroeconomic performance
The objectives of government economic policy
Macroeconomic indicators
7 How the macroeconomy works
The circular flow of income
Aggregate demand and aggregate supply
Aggregate demand and aggregate supply analysis
8 Economic performance
Economic growth and the economic cycle
Employment and unemployment
Inflation and deflation
The balance of payments on current account
Possible conflicts between macroeconomic policy objectives
9 Macroeconomic policy
Monetary policy
Fiscal policy
Supply-side policies
Now test yourself answers
The book hasn't received reviews yet.
