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CCambridge EPearson Edexcel AQAAQA OCROCR

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Economics · 9708

AS Level Data Response and Essays

01Basic Economic Ideas and Resource Allocation

Scarcity and Resource Allocation2

Scarcity, Choice and Opportunity Cost What, How and For Whom to Produce

Economic Models and Time Horizons2

Economic Claims and Assumptions Short Run, Long Run and Very Long Run

Production Resources and Specialisation3

Four Factors of Production and Their Rewards Human Capital and Physical Capital Division of Labour, Specialisation and Enterprise

Allocation Systems2

Market and Planned Resource Allocation Mixed Economies and Allocation Choices

Production Possibility Curves3

Production Possibility Curves: Meaning and Positions Production Possibility Curves: Opportunity Cost Production Possibility Curves: Shifts and Capacity

Types of Goods3

Free, Economic and Private Goods Pure Public Goods Merit and Demerit Goods

02The Price System and the Microeconomy

Demand and Supply4

Effective Demand and Market Schedules Demand and Supply Curves at Different Prices Demand Determinants and Curve Shifts Supply Determinants and Curve Shifts

Demand Elasticities4

Price Elasticity of Demand: Sign and Size Income and Cross Elasticity of Demand PED Along a Straight Line and Total Expenditure Using Demand Elasticities in Decisions

Price Elasticity of Supply2

Price Elasticity of Supply: Meaning and Calculation Supply Response Time and Firm Decisions

Market Equilibrium and Price Signals4

Market Equilibrium, Shortages and Surpluses Demand and Supply Shifts: New Equilibria How Different Markets Are Linked What Prices Do in a Market

Consumer and Producer Surplus3

Consumer and Producer Surplus: Meaning and Areas How Market Changes Affect Surplus Elasticity and the Size of Surplus Changes

03Government Microeconomic Intervention

Reasons for Government Intervention1

Why Governments Intervene in Markets

Government Intervention Methods6

Specific Indirect Taxes Producer Subsidies Direct Provision Maximum and Minimum Prices Buffer Stock Schemes Provision of Information

Income, Wealth and Inequality5

Income and Wealth Reading the Gini Coefficient Economic Causes of Inequality Minimum Wages and Transfers Taxes and Public Services

04The Macroeconomy

National Income Statistics5

What National Income Statistics Measure GDP and GNI Basic and Market Prices Gross and Net National Income National Income Account Bridges

The Circular Flow of Income4

The Two Circular-Flow Money Arrows Open-Economy Injections and Leakages Circular-Flow Equilibrium and Change Circular Flow in a Paper 2 Explanation

Aggregate Demand and Aggregate Supply6

Aggregate Demand: Meaning and Components The AD Curve: Movement and Shifts Short-Run Aggregate Supply Vertical and Three-Section LRAS AD/AS Equilibrium and Movement AD/AS Shocks and Exam Use

Economic Growth4

Economic Growth: Meaning and Measurement Nominal versus Real GDP Growth Causes of Economic Growth Consequences of Economic Growth

Unemployment5

What Unemployment Means Unemployment Rate and Measurement Limits Cyclical, Frictional and Seasonal Unemployment Structural and Technological Unemployment Consequences of Unemployment

Price Stability5

Inflation, Deflation and Disinflation Consumer Price Index and Measurement Nominal and Real Values Demand-Pull and Cost-Push Inflation Consequences of Inflation

05Government Macroeconomic Intervention

Macroeconomic Policy Objectives2

Three Macroeconomic Policy Objectives Matching Macro Problems to Policy

Fiscal Policy6

Government Budget, Deficit and Surplus National Debt: Stock and Significance Direct, Indirect and Tax Rate Patterns Marginal and Average Tax Rates Capital and Current Government Spending Expansionary and Contractionary Fiscal Policy

Monetary Policy4

Monetary Policy and Interest Rates Money Supply and Credit Regulations Expansionary and Contractionary Monetary Policy Monetary Policy in the AD/AS Model

Supply-Side Policy3

Supply-Side Policy: Meaning and Goals Supply-Side Policy Tools Supply-Side Policy in AD/AS

06International Economic Issues

International Trade5

Absolute and Comparative Advantage Specialisation, Free Trade and Trading Possibilities Exports, Imports and Terms of Trade Terms of Trade: Causes and Effects Trade Theory: Limits and Judgement

Protectionism5

Protectionism: Meaning and Tools Tariffs and Their Effects Import Quotas and Licence Rent Export Subsidies, Embargoes and Administrative Burdens Arguments For and Against Protectionism

The Current Account5

Four Parts of the Current Account Calculating Current-Account Balances Causes of Current-Account Imbalances Effects of Current-Account Deficits Effects of Current-Account Surpluses

Exchange Rates4

Exchange-Rate Quotes and Conversion The Floating Exchange-Rate Market Causes of Appreciation and Depreciation Exchange Rates in AD/AS

Current-Account Policies5

Current-Account Stability and Diagnosis Fiscal Policy and the Current Account Monetary Policy and the Current Account Supply-Side Policy, Protection and the Current Account Choosing Current-Account Policies

07Essay and Data Response Skills

Written Answer Methods6

Read and Plan Written Answers Develop Economic Analysis Use Extract Evidence Evaluate and Reach a Judgement Write an Economics Essay Write a Data Response

Revision Notes Practice Questions Topical Questions Past Papers

Resources

Revision Notes Practice Questions Topical Questions Past Papers

AS Level Data Response and Essays/Government Macroeconomic Intervention

Supply-Side Policy in AD/AS

Practise Government Macroeconomic Intervention

Contents

Economics · 9708

AS Level Data Response and Essays

01Basic Economic Ideas and Resource Allocation

Scarcity and Resource Allocation2

Scarcity, Choice and Opportunity Cost What, How and For Whom to Produce

Economic Models and Time Horizons2

Economic Claims and Assumptions Short Run, Long Run and Very Long Run

Production Resources and Specialisation3

Four Factors of Production and Their Rewards Human Capital and Physical Capital Division of Labour, Specialisation and Enterprise

Allocation Systems2

Market and Planned Resource Allocation Mixed Economies and Allocation Choices

Production Possibility Curves3

Production Possibility Curves: Meaning and Positions Production Possibility Curves: Opportunity Cost Production Possibility Curves: Shifts and Capacity

Types of Goods3

Free, Economic and Private Goods Pure Public Goods Merit and Demerit Goods

02The Price System and the Microeconomy

Demand and Supply4

Effective Demand and Market Schedules Demand and Supply Curves at Different Prices Demand Determinants and Curve Shifts Supply Determinants and Curve Shifts

Demand Elasticities4

Price Elasticity of Demand: Sign and Size Income and Cross Elasticity of Demand PED Along a Straight Line and Total Expenditure Using Demand Elasticities in Decisions

Price Elasticity of Supply2

Price Elasticity of Supply: Meaning and Calculation Supply Response Time and Firm Decisions

Market Equilibrium and Price Signals4

Market Equilibrium, Shortages and Surpluses Demand and Supply Shifts: New Equilibria How Different Markets Are Linked What Prices Do in a Market

Consumer and Producer Surplus3

Consumer and Producer Surplus: Meaning and Areas How Market Changes Affect Surplus Elasticity and the Size of Surplus Changes

03Government Microeconomic Intervention

Reasons for Government Intervention1

Why Governments Intervene in Markets

Government Intervention Methods6

Specific Indirect Taxes Producer Subsidies Direct Provision Maximum and Minimum Prices Buffer Stock Schemes Provision of Information

Income, Wealth and Inequality5

Income and Wealth Reading the Gini Coefficient Economic Causes of Inequality Minimum Wages and Transfers Taxes and Public Services

04The Macroeconomy

National Income Statistics5

What National Income Statistics Measure GDP and GNI Basic and Market Prices Gross and Net National Income National Income Account Bridges

The Circular Flow of Income4

The Two Circular-Flow Money Arrows Open-Economy Injections and Leakages Circular-Flow Equilibrium and Change Circular Flow in a Paper 2 Explanation

Aggregate Demand and Aggregate Supply6

Aggregate Demand: Meaning and Components The AD Curve: Movement and Shifts Short-Run Aggregate Supply Vertical and Three-Section LRAS AD/AS Equilibrium and Movement AD/AS Shocks and Exam Use

Economic Growth4

Economic Growth: Meaning and Measurement Nominal versus Real GDP Growth Causes of Economic Growth Consequences of Economic Growth

Unemployment5

What Unemployment Means Unemployment Rate and Measurement Limits Cyclical, Frictional and Seasonal Unemployment Structural and Technological Unemployment Consequences of Unemployment

Price Stability5

Inflation, Deflation and Disinflation Consumer Price Index and Measurement Nominal and Real Values Demand-Pull and Cost-Push Inflation Consequences of Inflation

05Government Macroeconomic Intervention

Macroeconomic Policy Objectives2

Three Macroeconomic Policy Objectives Matching Macro Problems to Policy

Fiscal Policy6

Government Budget, Deficit and Surplus National Debt: Stock and Significance Direct, Indirect and Tax Rate Patterns Marginal and Average Tax Rates Capital and Current Government Spending Expansionary and Contractionary Fiscal Policy

Monetary Policy4

Monetary Policy and Interest Rates Money Supply and Credit Regulations Expansionary and Contractionary Monetary Policy Monetary Policy in the AD/AS Model

Supply-Side Policy3

Supply-Side Policy: Meaning and Goals Supply-Side Policy Tools Supply-Side Policy in AD/AS

06International Economic Issues

International Trade5

Absolute and Comparative Advantage Specialisation, Free Trade and Trading Possibilities Exports, Imports and Terms of Trade Terms of Trade: Causes and Effects Trade Theory: Limits and Judgement

Protectionism5

Protectionism: Meaning and Tools Tariffs and Their Effects Import Quotas and Licence Rent Export Subsidies, Embargoes and Administrative Burdens Arguments For and Against Protectionism

The Current Account5

Four Parts of the Current Account Calculating Current-Account Balances Causes of Current-Account Imbalances Effects of Current-Account Deficits Effects of Current-Account Surpluses

Exchange Rates4

Exchange-Rate Quotes and Conversion The Floating Exchange-Rate Market Causes of Appreciation and Depreciation Exchange Rates in AD/AS

Current-Account Policies5

Current-Account Stability and Diagnosis Fiscal Policy and the Current Account Monetary Policy and the Current Account Supply-Side Policy, Protection and the Current Account Choosing Current-Account Policies

07Essay and Data Response Skills

Written Answer Methods6

Read and Plan Written Answers Develop Economic Analysis Use Extract Evidence Evaluate and Reach a Judgement Write an Economics Essay Write a Data Response

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