How to use this book Introduction Introducing command words Unit 1 Basic economic ideas and resource allocation (AS Level) 1 Scarcity, choice and opportunity cost 2 Economic methodology 3 Factors of production 4 Resource allocation in different economic systems 5 Production possibility curves 6 Classification of goods and services Unit 2 The price system and the micro economy (AS Level) 7 Demand and supply curves 8 Price elasticity, income elasticity and cross-elasticities of demand 9 Price elasticity of supply 10 The interaction of demand and supply 11 Consumer and producer surplus Unit 3 Government microeconomic intervention (AS Level) 12 Reasons for government interventions in markets 13 Methods and effects of government interventions in markets 14 Addressing income and wealth inequality Unit 4 The macro economy (AS Level) 15 National income statistics 16 Introduction to the circular flow of income 17 Aggregate demand (AD) and aggregate supply (AS) analysis 18 Economic growth 19 Unemployment 20 Price stability Unit 5 Government macroeconomic intervention (AS Level) 21 Government macroeconomic policy objectives 22 Fiscal policy 23 Monetary policy 24 Supply-side policy Unit 6 International economic issues (AS Level) 25 The reasons for international trade 26 Protectionism 27 Current account of the balance of payments 28 Exchange rates 29 Policies to correct imbalances in the current account of the balance of payments Unit 7 The price system and the micro economy (A Level) 30 Utility 31 Indifference curves and budget lines 32 Efficiency and market failure 33 Private costs and benefits, externalities and social costs and benefits 34 Types of cost, revenue and profit, short-run and long-run production 35 Different market structures 36 Growth and survival of firms 37 Differing objectives and policies of firms Unit 8 Government microeconomic intervention (A Level) 38 Government policies to achieve efficient resource allocation and correct market failure 39 Equity and redistribution of income and wealth 40 Labour market forces and government intervention Unit 9 The macro economy (A Level) 41 The circular flow of income 42 Economic growth and sustainability 43 Employment and unemployment 44 Money and banking Unit 10 Government macroeconomic issues (A Level) 45 Government macroeconomic policy objectives 46 Links between macroeconomic problems and their interrelatedness 47 Effectiveness of policy options to meet all macroeconomic objectives Unit 11 International economic issues (A Level) 48 Policies to correct disequilibrium in the balance of payments 49 Exchange rates 50 Economic development 51 Characteristics of countries at different levels of development 52 Relationship between countries at different levels of development 53 Globalisation Acknowledgements.
How to use this book Introduction Introducing command words Unit 1 Basic economic ideas and resource allocation (AS Level) 1 Scarcity, choice and opportunity cost 2 Economic methodology 3 Factors of production 4 Resource allocation in different economic systems 5 Production possibility curves 6 Classification of goods and services Unit 2 The price system and the micro economy (AS Level) 7 Demand and supply curves 8 Price elasticity, income elasticity and cross-elasticities of demand 9 Price elasticity of supply 10 The interaction of demand and supply 11 Consumer and producer surplus Unit 3 Government microeconomic intervention (AS Level) 12 Reasons for government interventions in markets 13 Methods and effects of government interventions in markets 14 Addressing income and wealth inequality Unit 4 The macro economy (AS Level) 15 National income statistics 16 Introduction to the circular flow of income 17 Aggregate demand (AD) and aggregate supply (AS) analysis 18 Economic growth 19 Unemployment 20 Price stability Unit 5 Government macroeconomic intervention (AS Level) 21 Government macroeconomic policy objectives 22 Fiscal policy 23 Monetary policy 24 Supply-side policy Unit 6 International economic issues (AS Level) 25 The reasons for international trade 26 Protectionism 27 Current account of the balance of payments 28 Exchange rates 29 Policies to correct imbalances in the current account of the balance of payments Unit 7 The price system and the micro economy (A Level) 30 Utility 31 Indifference curves and budget lines 32 Efficiency and market failure 33 Private costs and benefits, externalities and social costs and benefits 34 Types of cost, revenue and profit, short-run and long-run production 35 Different market structures 36 Growth and survival of firms 37 Differing objectives and policies of firms Unit 8 Government microeconomic intervention (A Level) 38 Government policies to achieve efficient resource allocation and correct market failure 39 Equity and redistribution of income and wealth 40 Labour market forces and government intervention Unit 9 The macro economy (A Level) 41 The circular flow of income 42 Economic growth and sustainability 43 Employment and unemployment 44 Money and banking Unit 10 Government macroeconomic issues (A Level) 45 Government macroeconomic policy objectives 46 Links between macroeconomic problems and their interrelatedness 47 Effectiveness of policy options to meet all macroeconomic objectives Unit 11 International economic issues (A Level) 48 Policies to correct disequilibrium in the balance of payments 49 Exchange rates 50 Economic development 51 Characteristics of countries at different levels of development 52 Relationship between countries at different levels of development 53 Globalisation Acknowledgements.
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