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Economics B (9EB0)
9 sections available · 69 chapters available
Free Economics B (9EB0) revision notes for Pearson Edexcel A Level students. Each chapter covers a key topic with worked examples and practice prompts you can take straight into the thinka app.
Theme 1: Scarcity, enterprise and the market
1.1.1 The economic problem
1.1.2-1.1.3 Business objectives and stakeholders
1.2.1-1.2.2 The entrepreneur: role and motives
1.2.3-1.2.4 Factors of production and specialisation
1.2.5 The wider economic environment for firms
1.3.1-1.3.2 Demand and supply
1.3.3-1.3.4 Price determination and the price mechanism
1.3.5-1.3.6 Understanding the consumer and the competition
Theme 1: Credit, market failure, revenue and costs
1.4.1 Role of banks in the economy
1.4.2 Risk and liability
1.4.3 Types and sources of credit and finance
1.5.1 Market failure and externalities
1.5.2 Government intervention and government failure
1.6.1 Revenue and costs
1.6.2 Contribution, break-even and margin of safety
1.6.3-1.6.4 Profit, profitability and cash flow
Theme 2: Business growth, competitiveness and elasticities
2.1.1-2.1.2 Growth: objectives, problems and methods
2.1.3 Research and development (R&D) and innovation
2.1.4 How the digital economy affects markets and firms
2.1.5 How small firms compete
2.2.1 Price elasticity of demand (PED)
2.2.2 Pricing strategies and competing on price
2.2.3 Types of non-price competition
2.2.4 Income elasticity of demand (YED)
Theme 2: Productive efficiency, the global economy and macro policy
2.3.1-2.3.2 Productivity and capacity utilisation
2.3.3-2.3.4 Lean production, quality, costs and revenue
2.4.1 Globalisation and its causes
2.4.2 Developed, emerging and developing economies
2.4.3-2.4.4 International trade and exchange rates
2.5.1-2.5.2 The economic cycle and the circular flow
2.5.3-2.5.4 Inflation, employment and unemployment
2.6.1-2.6.3 Macroeconomic objectives, instruments and conflicts
Theme 3: Globalisation, trade and business expansion
3.1.1 Growing economies
3.1.2 Trade and growth
3.1.3 Trading blocs
3.1.4 Trade policy and trade negotiations
3.1.5 Exchange rate changes
3.2.1 Conditions that prompt trade
3.2.2 Assessing the potential of different economies
3.3.1-3.3.2 Responding to demand in global markets
Theme 3: Multinationals, labour markets and inequality
3.4.1 The impact of multinational corporations (MNCs)
3.4.2-3.4.3 Ethical issues and controlling MNCs
3.5.1 Employment patterns in global labour markets
3.5.2 Wage rates
3.5.3 Minimum wage legislation
3.6.1 Poverty and inequality
3.6.3 The impact of inequality on economic agents
3.6.2, 3.6.4 Reducing poverty and re-distribution
Theme 4: Competition, market power and market failure
4.1.1-4.1.2 Spectrum of competition and barriers to entry
4.1.3 Oligopoly
4.1.4 Business objectives and pricing decisions
4.1.5 Productive and allocative efficiency
4.2.1 Market power and market failure
4.2.2-4.2.3 Business regulation and the case for and against it
4.3.1-4.3.2 Market failure in society and externalities
4.3.3 Policies to deal with market failure
Theme 4: Macroeconomic policy, risk and the financial sector
4.4.1 The AD/AS model
4.4.2 Demand-side policies
4.4.3 Supply-side policies
4.4.4 The impact of macroeconomic policies
4.5.1 Risks and uncertainty
4.5.2 The role of the financial sector
4.5.3 The role of the central bank
4.5.4 The Global Financial Crisis
Data response and synoptic skills
Interpreting quantitative stimulus: index numbers, real and nominal values
Calculations: elasticities, costs, revenue, profit and accounting ratios
Diagram skills: supply and demand, tariffs and quotas, AD/AS
Extended open-response: analysis, evaluation and judgement
Applying all four themes to an unseen business context
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