AS AQA economics revision guide (network license)

A4-Cover-AQA-AS
  • Specific AQA AS economics revision guide updated for the new AQA economics syllabus (first exam 2016)
  • Trademark simplicity and clarity of presentation.
  • 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.

About network license

  • Allows unlimited use within one educational establishment.
  • Comes with word documents too, to enable modification for teaching.

Relative decline in UK manufacturing

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The UK was the first country to industrialise, but also one of the first to deindustrialise. UK manufacturing as a a share of GDP has fallen from 30% in 1970 to 8% in 2024. The UK is not unique in smaller share of manufacturing, but the decline has been relatively bigger than other countries. Manufacturing …

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UK wage growth

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Wage growth is a key factor in determining living standards, aggregate demand and inflation. If wages increase faster than inflation, then households will be able to afford more goods and services. Real wage growth = nominal wage growth – inflation. In the post-war period, apart from short-lived recessions, real wage growth has been positive, growing …

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Reasons for falling wages

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Since the financial crisis, we have seen an unprecedented stagnation/decline in real wages. This decline has been most noticeable for low-income workers, with growing levels of inequality. The decline/stagnation in real wages is a global phenomenon – though some countries have been more affected than others. Reasons suggested for falling/stagnant wages since 2008 include: Recession …

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Impact of rising population in the UK

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The UK population is projected to increase by 9.7 million over the next 25 years from an estimated 64.6 million in mid-2014 to 74.3 million in mid-2039. (ONS). Approx. 50% of the population increase is expected due to net migration. This is a look at the economic and social impact of a rise in the …

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Reasons for a falling birth rate

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Across the globe we are seeing a dramatic fall in the birth rate, with countries like Italy forecast to see their population decline from 61 million to 28 million by 2100. There are several reasons for falling birth rates – traditional factors include economic growth, improved education and access to contraception. But, in recent years, …

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Business Objectives

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A business has a variety of potential objectives from profit maximisation to cultivating good relationships with various business stakeholders. Economic theory often assumes that firms are rational profit maximisers. However, in the real world, there are many other objectives that a firm can pursue. Business Objectives of firmsWatch this video on YouTube Profit Maximisation. The …

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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 …

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