Oxford International AQA Examinations: International AS Level Economics
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Language
English
ISBN
9781382006897
Contents
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THE OPERATION OF MARKETS, MARKET FAILURE AND THE ROLE OF GOVERNMENT
1 The economic problem and methodology
1.1 The nature and purpose of economic activity
1.2 Economic resources
1.3 Scarcity, choice and the allocation of resources
1.4 Production possibility diagrams
1.5 Economic methodology
2 How markets work
2.1 The demand for goods and services
2.2 Price, income and cross elasticities of demand
2.3 The supply of goods and services
2.4 Price elasticity of supply
2.5 The determination of market prices
2.6 The interrelationship between markets
2.7 How markets and prices allocate resources
3 An introduction to production, costs, revenue and profit
3.1 Production and productivity
3.2 Specialisation, division of labour and exchange
3.3 Costs of production
3.4 Economies and diseconomies of scale
3.5 Average revenue, total revenue and profit
4 Competitive and concentrated markets
4.1 Market structures
4.2 The objectives of firms
4.3 Competitive markets
4.4 Monopoly and monopoly power
4.5 The competitive market process
5 Market failure and government intervention in markets
5.1 The meaning of market failure
5.2 Private goods, public goods and quasi-public goods
5.3 Positive and negative externalities in consumption and production
5.4 Merit and demerit goods
5.5 Market imperfections
5.6 An inequitable distribution of income and wealth
5.7 Government intervention in markets
5.8 Government failure
THE NATIONAL ECONOMY IN A GLOBAL ENVIRONMENT
6 The measurement of macroeconomic performance
6.1 The objectives of government macroeconomic policy
6.2 Macroeconomic indicators
7 How the macroeconomy works
7.1 The circular flow of income
7.2 Aggregate demand and aggregate supply analysis
7.3 Determinants of aggregate demand
7.4 Aggregate demand and the level of economic activity
7.5 Determinants of short-run aggregate supply
7.6 Determinants of long-run aggregate supply
8 Economic performance
8.1 Economic growth and the economic cycle
8.2 Employment and unemployment
8.3 Inflation and deflation
8.4 The balance of payments on current account
8.5 Possible conflicts between macroeconomic policy objectives
9 Macroeconomic policy
9.1 Monetary policy
9.2 Fiscal policy
9.3 Supply-side policies
Glossary
Answers
Index
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