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Economics (XEC11)

4セクション

Markets in action

Introductory concepts
Consumer behaviour and demand
Supply
Price determination
Market failure
Government intervention in markets

Macroeconomic performance and policy

Measures of economic performance
Aggregate demand (AD)
Aggregate supply (AS)
National income
Economic growth
Macroeconomic objectives and policies

Business behaviour

Types and sizes of businesses
Revenue, costs and profits
Market structures and contestability
Labour markets
Government intervention

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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