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Economics (YEC11)
8 sections available · 23 chapters available
Free Economics (YEC11) study notes for Pearson Edexcel International A Level students. Each chapter below covers a key topic with worked examples and practice prompts you can take into the thinka app.
Markets in action
Unit 1 (IAS): Markets in action
Introductory concepts
Consumer behaviour and demand
Supply
Price determination
Market failure
Government intervention in markets
Macroeconomic performance and policy
Unit 2 (IAS): Macroeconomic performance and policy
Measures of economic performance
Aggregate demand (AD)
Aggregate supply (AS)
National income
Economic growth
Macroeconomic objectives and policies
Business behaviour
Unit 3 (IA2): Business behaviour
Types and sizes of businesses
Revenue, costs and profits
Market structures and contestability
Labour markets
Government intervention
Developments in the global economy
Unit 4 (IA2): Developments in the global economy
Causes and effects of globalisation
Trade and the global economy
Balance of payments, exchange rates and international competitiveness
Poverty and inequality
The role of the state in the macroeconomy
Growth and development in developing, emerging and developed economies
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