Exam Success in Economics for Cambridge AS & A Level
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Description
Contents
Reviews
Language
English
ISBN
9780198412724
Front Cover
Title page
Imprint
Contents
Introduction
1 Basic economic ideas and resource allocation
1.1 Scarcity, choice and opportunity cost
1.2 Positive and normative statements
1.3 Factors of production
1.4 Resource allocation in different economic systems and issues of transition
1.5 Production possibility curves
1.6 Money
1.7 The classification of goods and services
? Exam-style questions
2 The price system andthe micro economy
2.1 Demand and supply curves
2.2 Price elasticity, income elasticity and cross-elasticities of demand
2.3 Price elasticity of supply
2.4 Interaction of demand and supply
2.5 Market equilibrium and disequilibrium
2.6 Consumer surplus and producer surplus
? Exam-style questions
3 Government microeconomic intervention
3.1 Maximum and minimum prices
3.2 Taxes (direct and indirect)
3.3 Subsidies
3.4 Transfer payments
? Exam-style questions
4 The macro economy
4.1 Aggregate demand (AD) and aggregate supply (AS) analysis
4.2 Inflation
4.3 The balance of payments
4.4 Exchange rates
4.5 The terms of trade
4.6 Principles of absolute and comparative advantage
4.7 Protectionism
? Exam-style questions
5 Government macro intervention
5.1 Types of policy: fiscal policy, monetary policy and supply side policy
5.2 Policies to correct a balance of payments disequilibrium
5.3 Policies to correct inflation and deflation
? Exam-style questions
6 Basic economic ideas and resource allocation
6.1 Efficient resource allocation
6.2 Externalities and market failure
6.3 Social costs and benefits; cost-benefit analysis
? Exam-style questions
7 The price system and the micro economy
7.1 The law of diminishing marginal utility
7.2 Indifference curves and budget lines
7.3 Types of cost, revenue and profit, short-run and long-run production
7.4 Different market structures
7.5 The growth and survival of firms
7.6 The differing objectives of a firm
? Exam-style questions
8 Government microeconomic intervention
8.1 Policies to achieve efficient resource allocation and correct market failure
8.2 Equity and policies towards income and wealth redistribution
8.3 Labour market forces and government intervention
8.4 Government failure in microeconomic intervention
? Exam-style questions
9 The macro economy
9.1 Economic growth, economic development and sustainability
9.2 National income statistics
9.3 The classification of countries
9.4 Employment/unemployment
9.5 The circular flow of income
9.6 Money supply (theory)
9.7 Keynesian and monetarist schools
9.8 The demand for money and interest rate determination
9.9 Policies towards developing economies: policies of trade and aid
? Exam-style questions
10 Government macro intervention
10.1 Government macro policy aims
10.2 Inter-connectedness of problems
10.3 Effectiveness of policy options to meet all macroeconomic objectives
? Exam-style questions
11 Raising your achievement
During your course of study
Preparing for the exam
The exam
12 Exam-style questions
Assessment for A Level Economics
Paper 1
Paper 2
Paper 3
Paper 4
Appendix: Maths skills for AS and A Level Economics
Index
Back Cover
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