AQA GCSE Revision Guide (Network license)

GCSE-Economics-aqa-400
  • An AQA GCSE Economics Revision Guide produced by economicshelp.org
  • It includes all the topics for AQA GCSE Economics
  • GCSE Revision Guide 113 pages.
  • Network license £85.00
  • Comes in pdf format (e-book)
  • Last updated July 2022

 

Table of contents

  • 1.1.1 Economic activity
  • 1.1.2 Factors of Production
  • 1.1.3 Making choices/opportunity cost
  • 1.3.1 Demand
  • 1.3.2 Supply
  • 1.3.3 Equilibrium
  • 1.3.4 Intermarket relationships
  • 1.3.5 Elasticity of demand
  • 1.3.6 Price Elasticity of Supply
  • 1.4 Production, costs, revenue and profit
  • 1.4.2 Production and productivity
  • 1.4.3 Economies of Scale
  • 1.5 Competition
  • 1.5.2 Competitive Markets
  • 1.5.3 Monopoly/non-competitive markets
  • 1.5.4 The Labour Market
  • 1.6 Market failure
  • 1.6.2 Externalities
  • 2.1 The national economy
  • 2.1.2 Government income and expenditure
  • 2.2.1 Economic Objectives of the government
  • 2.2.2. Economic growth
  • 2.2.3 Employment and Unemployment
  • 2.2.4 Inflation and Price stability
  • 2.2.5 Balance of payments
  • 2.2.6 Distribution of income
  • 2.3.1 Fiscal Policy
  • 2.3.2 Monetary Policy
  • 2.3.3 Supply-Side Policies
  • 2.4 International trade and the Global Economy
  • 2.4.2 Exchange Rates
  • 2.4.3 Free-trade agreements
  • 2.4.4 Globalisation
  • 2.5.1 The role of Money
  • 2.5.2. The financial sector

The effect of a current account surplus

current-account-surplus

Readers Question: how does a current account surplus affect domestic employment? A current account surplus means an economy is exporting a greater value of goods and services than it is importing. A country with a current account surplus will have a deficit on the financial/capital account. i.e. a country with a current account surplus will …

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Pros and cons of Financialisation

Financialisation is a term used to describe the increased role of the financial sector in a modern economy. Source: NYT 2013 Financialisation also refers to particular trends in the financial sector of the economy. This includes: Increased use of financial intermediaries Increased use of futures markets. For example future contracts for bonds, shares, currencies and …

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Healthcare – Private vs public sector

healthcare-debate

A look at some arguments for and against public/private healthcare provision. Should healthcare be left to the free market or should the government provide universal healthcare? Arguments for Public Health Care Healthcare is not a profit maximising industry. Doctors and nurses don’t need financial incentives to do a good job but are motivated by aims …

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Diagram of Perfect Competition

perfect-competition

Perfect competition is a market structure with: Freedom of entry and exit Perfect information/knowledge Many firms The price is set by the industry supply and demand. Firms are price takers; this means their demand curve is perfectly elastic. If they set a higher price, nobody would buy because of perfect knowledge. Therefore firms have an …

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The role of firms in the economy

different-groups-in-economy

In economics producers – often referred to as firms or companies play a role in using inputs (different factors of production) and producing goods and services (output). Firms play a key role in deciding what to produce and how to produce. Different types of firms Individual entrepreneurs – self-employed individuals Private companies – often small/mid-sized …

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