Exam Success in Economics for Cambridge AS & A Level
$22.49

Exam Success in Economics for Cambridge AS & A Level

By Terry Cook
US$ 22.49
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Book Description

Firmly focused on grade improvement in Cambridge International AS & A Level examinations, this Exam Success Guide brings some much-needed clarity to exam preparation. The guide features sample questions and answers, practical tips, guidance on examiner expectations and plenty of practice opportunities.

Table of Contents
  • 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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