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Economics (9708)
11 sections available · 53 chapters available
Free Economics (9708) study notes for Cambridge International A Level students. Each chapter below covers a key topic with worked examples and practice prompts you can take into the thinka app.
The price system and the microeconomy (AS Level)
Demand and supply curves
Price elasticity, income elasticity and cross elasticity of demand
Price elasticity of supply
The interaction of demand and supply
Consumer and producer surplus
Basic economic ideas and resource allocation (AS Level)
Scarcity, choice and opportunity cost
Economic methodology
Factors of production
Resource allocation in different economic systems
Production possibility curves
Classification of goods and services
Government microeconomy intervention (AS Level)
Reasons for government intervention in markets
Methods and effects of government intervention in markets
Addressing income and wealth inequality
The Macroeconomy (AS Level)
National income statistics
Introduction to the circular flow of income
Aggregate Demand and Aggregate Supply analysis
Economic growth
Unemployment
Price stability
Government macroeconomic intervention (AS Level)
Government macroeconomic policy objectives
Fiscal policy
Monetary policy
Supply-side policy
International economic issues (AS Level)
The reasons for international trade
Protectionism
Current account of the balance of payments
Exchange rates
Policies to correct imbalances in the current account of the balance of payments
The price system and the microeconomy (A Level)
Utility
Indifference curves and budget lines
Efficiency and market failure
Private costs and benefits, externalities and social costs and benefits
Types of cost, revenue and profit, short-run and long-run production
Different market structures
Growth and survival of firms
Differing objectives and policies of firms
Government microeconomic intervention (A Level)
Government policies to achieve efficient resource allocation and correct market failure
Equity and redistribution of income and wealth
Labour market forces and government intervention
The Macroeconomy (A Level)
The circular flow of income
Economic growth and sustainability
Employment/unemployment
Money and banking
Government macroeconomic intervention (A Level)
Government macroeconomic policy objectives
Links between macroeconomic problems and their interrelatedness
Effectiveness of policy options to meet all macroeconomic objectives
International economic issues (A Level)
Policies to correct disequilibrium in the balance of payments
Exchange rates
Economic development
Characteristics of countries at different levels of development
Relationship between countries at different levels of development
Globalisation
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