Cambridge International AS & A Level Economics Revision Guide 1st Edition by Terry L. Cook – Ebook PDF Instant Download/Delivery: 147184773X, 9781471847738
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Product details:
ISBN 10: 147184773X
ISBN 13: 9781471847738
Author: Terry L. Cook
Get your best grades with this exam-focused text that will guide you through the content and skills you need to prepare for the big day. Manage your own revision with step-by-step support from experienced examiner Terry Cook. This guide also includes a Questions and Answers section with exam-style questions, student’s answers for each question, and examiner comments to ensure you’re exam-ready. – Plan and pace your revision with the revision planner – Use the expert tips to clarify key points – Avoid making typical mistakes with expert advice – Test yourself with end-of-topic questions and answers and tick off each topic as you complete it – Practise your exam skills with exam-style questions and answers This title has not been through the Cambridge International endorsement process.
Cambridge International AS & A Level Economics Revision Guide 1st Table of contents:
1 Basic economic ideas and resource allocation
Scarcity, choice and opportunity cost
Positive and normative statements
Factors of production
Resource allocation in different economic systems and issues of transition
Production possibility curves
Money
Classification of goods and services
2 The price system and the micro economy
Demand curves
Price, income and cross elasticities of demand
Supply curves
Price elasticity of supply
Interaction of demand and supply
Consumer and producer surplus
3 Government microeconomic intervention
Maximum and minimum prices
Taxes (direct and indirect)
Subsidies
Transfer payments
Direct provision of goods and services
Nationalisation and privatisation
4 The macro economy
Aggregate demand (AD) and aggregate supply (AS) analysis
Inflation
The balance of payments
Exchange rates
The terms of trade
Principles of absolute and comparative advantage
Protectionism
5 Government macro intervention
Types of policy
Policies to correct balance of payments disequilibrium
Policies to correct inflation and deflation
AS questions and answers
6 Basic economic ideas and resource allocation
Efficient resource allocation
Externalities and market failure
Social costs and benefits
7 The price system and the micro economy
Law of diminishing marginal utility
Indifference curves and budget lines
Types of cost, revenue and profit, and short-run and long-run production
Different market structures
Growth and survival of firms
Differing objectives of a firm
8 Government microeconomic intervention
Policies to achieve efficient resource allocation and correct market failure
Equity and policies towards income and wealth redistribution
Labour market forces and government intervention
Government failure in microeconomic intervention
9 The macro economy
Economic growth, economic development and sustainability
National income statistics
Classification of countries
Employment and unemployment
The circular flow of income
The theory of money supply
Keynesian and monetarist schools
The demand for money and interest rate determination
Policies towards developing economies: trade and aid
10 Government macro intervention
Government macro policy aims
Inter-connectedness of problems
Effectiveness of policy options to meet all macroeconomic objectives
A level questions and answers
Now test yourself answers
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