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Economics
Revision Notes
A Level Multiple Choice
Economics · Cambridge 9708
A Level Multiple Choice
5 chapters · 86 lessons
Collection
AS Level Multiple Choice
AS Level Data Response and Essays
A Level Multiple Choice
A Level Data Response and Essays
Expand all
01
The Price System and the Microeconomy
33 lessons · 8 topic areas
01
Utility and Consumer Choice
4 lessons
Total and Marginal Utility
Diminishing Marginal Utility
The Equi-Marginal Principle
Utility and Individual Demand
02
Indifference Curves and Budget Lines
4 lessons
Indifference Curves and Choice
Budget-Line Changes
Income and Substitution Effects
Limits of Indifference Analysis
03
Efficiency and Market Failure
3 lessons
Productive and Allocative Efficiency
Pareto and Dynamic Efficiency
Causes of Market Failure
04
Externalities and Information
4 lessons
Private, External and Social Values
Externalities and Welfare Loss
Asymmetric Information and Moral Hazard
Social Cost–Benefit Analysis
05
Production, Costs and Revenue
6 lessons
Short-Run Production and Returns
Short-Run Costs
Long-Run Costs and MES
Sources of Scale Economies
Total, Average and Marginal Revenue
Normal and Abnormal Profit
06
Market Structures and Firm Decisions
5 lessons
Five Market Structures and Entry
Firm Output and Shutdown
Monopoly and Competition Outcomes
Oligopoly and Game Theory
Concentration and Contestability
07
Firm Growth and Survival
3 lessons
Firm Size and Organic Growth
Integration and Mergers
Cartels and Principal–Agent Problems
08
Firm Objectives and Pricing
4 lessons
Firm Objectives
Three Degrees of Price Discrimination
Limit, Predatory and Leadership Pricing
PED and Firm Revenue
Practise this chapter
02
Government Microeconomic Intervention
12 lessons · 3 topic areas
01
Policies for Market Failure
4 lessons
Taxes and Subsidies for Market Failure
Price Controls, Quotas and Rules
Permits, Rights, Provision and Information
Government Failure and Policy Choice
02
Equity, Poverty and Redistribution
3 lessons
Equity, Equality and Efficiency
Poverty and the Poverty Trap
Redistribution Benefit Designs
03
Labour Markets and Wages
5 lessons
Derived Labour Demand and MRP
Labour Supply and Competitive Wages
Trade Unions and Minimum Wages
Monopsony and Wage Floors
Wage Differentials and Economic Rent
Practise this chapter
03
The Macroeconomy
17 lessons · 4 topic areas
01
Income and the Multiplier
4 lessons
Average and Marginal Propensities
The Open-Economy Multiplier
AD Components and the Accelerator
Equilibrium Income and Expenditure Gaps
02
Growth and Sustainability
4 lessons
Actual, Potential Growth and Output Gaps
Business Cycles and Automatic Stabilisers
Policies for Economic Growth
Inclusive and Sustainable Growth
03
Employment and Unemployment
4 lessons
Full Employment and Unemployment Types
Natural Rate, Hysteresis and Mobility
Employment Patterns and Measurement
Policies to Reduce Unemployment
04
Money, Banking and Inflation
5 lessons
Money Supply and Quantity Theory
Bank Balance Sheets and Credit Creation
Central Banks, QE and External Money Flows
Liquidity Preference and Interest Rates
Anti-Inflation Policy Effectiveness
Practise this chapter
04
Government Macroeconomic Intervention
9 lessons · 2 topic areas
01
Macroeconomic Objectives and Their Links
5 lessons
Seven Macroeconomic Objectives
Prioritising Macroeconomic Objectives
Internal and External Money Value
Growth, Inflation and BOP Links
Traditional and Expectations Phillips Curves
02
Macroeconomic Policy Effectiveness
4 lessons
Fiscal Policy and the Laffer Curve
Monetary and Supply-Side Effectiveness
Exchange-Rate and Trade Policy
Macroeconomic Policy Conflicts and Failure
Practise this chapter
05
International Economic Issues
15 lessons · 3 topic areas
01
External Balance and Exchange Rates
5 lessons
Balance of Payments Accounts
Policies for External Balance
Nominal, Real and Trade-Weighted Exchange Rates
Fixed, Managed and Floating Rates
Marshall–Lerner and the J-Curve
02
Measuring Development and Economic Structure
4 lessons
Development and Income Classification
Development Indicators and Comparisons
Demography and Urbanisation
Lorenz, Gini and Economic Structure
03
Development, Globalisation and Integration
6 lessons
Aid and Trade for Development
MNCs and Foreign Direct Investment
External Debt, IMF and World Bank
Globalisation: Causes and Consequences
Forms of Economic Integration
Trade Creation and Diversion
Practise this chapter
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Economics
AS & A Level · 9708
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