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WJEC AS economics revision guide

Specific WJEC / Eduqas AS-level economics revision guide – just £5.50
Updated for the new WJEC economics syllabus
Last updated June 2022.
Trademark simplicity and clarity of presentation.
E-Book (pdf format)
Significantly expanded on previous version, with not just required knowledge, but also examples of evaluation for each topic.
It comes in pdf format and is sent within a couple of hours after purchase.
For schools – See: Network License – AS-level WJEC Economics (£45.00) – Network license allows unlimited use within a single educational establishment.

A-level WJEC revision guide

The full 2 year A level revision guide (units 1-4)

Oligopoly

Definition of oligopoly An oligopoly is an industry dominated by a few large firms. For example, an industry with a five-firm concentration ratio of greater than 50% is considered an oligopoly. Examples of oligopolies Car industry – economies of scale have caused mergers so big multinationals dominate the market. The biggest car firms include Toyota, …

There are many costs associated with inflation; the volatility and uncertainty can lead to lower levels of investment and lower economic growth. For individuals, inflation can lead to a fall in the value of their savings and redistribute income in society from savers to lenders and those with assets. At extreme levels, inflation can destabilise …

Readers Question: Does inflation causes unemployment? There are a few different scenarios where inflation can cause unemployment. However, there is not a direct link. Often we will notice a trade-off between inflation and unemployment – e.g. in a period of strong economic growth and falling unemployment; we see a rise in inflation – see Phillips …

Applying economics in everyday life

At the start of the academic year, I always feel a little pressure to justify the study of economics. Students come up asking things like, should they do economics or history? It’s hard to know what to say, but to get people excited about economics it’s good to try and think how economics can be …

Beggar my neighbour – cutting corporation tax

‘Beggar my neighbour’ is a term used to describe an economic policy, where you seek to gain an economic advantage by making other countries lose out. Cutting corporation tax is an effort to take away investment from countries with higher corporation tax. It creates an incentive for countries to keep cutting to see who has …

Labour productivity measures the output per worker in a period of time. Labour productivity is an important factor in determining the long-run trend rate of economic growth; tax revenues, inflation and real wages. Since the start of the great recession in early 2008, UK labour productivity growth has remained very low – well below the …

Impact of Immigration on UK Economy

In the past two decades, the UK has experienced a steady flow of net migrants into the economy. The 2016 Brexit vote has led to a sharp fall in net EU migration, but to a large extent this has been offset by a rise in non-EU migration. This net migration has had a wide-ranging impact …

WJEC AS economics revision guide

Oligopoly

Costs of Inflation

Does inflation cause unemployment?

Applying economics in everyday life

Beggar my neighbour – cutting corporation tax

UK Labour Productivity

Impact of Immigration on UK Economy