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Economics 8136
11 sections available · 39 chapters available
Free Economics 8136 study notes for AQA GCSE students. Each chapter breaks down a key concept with examples and practice prompts you can turn into AI drills in the thinka app.
Economic foundations
Economic activity
The factors of production
Making choices
Resource allocation
Markets and allocation of resources
Economic sectors
Specialisation, division of labour, and exchange
How prices are determined
Demand for goods and services
Supply for goods and services
Equilibrium price
Intermarket relationships
Price elasticity of demand
Price elasticity of supply
Production, costs, revenue and profit
The importance of cost, revenue and profit for producers
Production and productivity
Economies of scale
Competitive and concentrated markets
The importance of market structures on producers and consumers
Competitive markets
Non-competitive markets
The labour market
Market failure
Misallocation of resources
Externalities
Introduction to the national economy
Interest rates, saving, borrowing, spending and investment
Government income and expenditure
Government objectives
Economic objectives of the government
Economic growth
Employment and unemployment
Inflation and price stability
Balance of payments
Distribution of income
How the government manages the economy
Fiscal policy
Monetary policy
Supply-side policies
Policies to correct positive and negative externalities
International trade and the global economy
Why countries trade and the importance of international trade to the UK
Exchange rates
Free-trade agreements including the European Union
Globalisation: benefits and drawbacks
The role of money and financial markets
The role of money
The role and importance of the financial sector for the economy
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