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

Different Government Economic Priorities

possible-macro-conflicts

One of the first lessons in economics is the idea of opportunity cost. If you pursue one choice, it means you can’t do another option. The government faces countless decisions based on this. For example, the government could spend more on health care, but the opportunity cost would be lower spending on education. We could …

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Fisher effect

The Fisher effect examines the link between the inflation rate, nominal interest rates and real interest rates. It starts with the awareness real interest rate = nominal interest rate – expected inflation. If you put money in a bank and receive a nominal interest rate of 6%, but expected inflation is 4%, then the real …

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How do interest rates affect savers and saving levels?

saving-ratio-interest-rate

Interest rates determine the amount of interest payments that savers will receive on their deposits. An increase in interest rates will make saving more attractive and should encourage saving. A cut in interest rates will reduce the rewards of saving and will tend to discourage saving. However, in the real world, it is more complicated. …

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Causes of Boom and Bust Cycles

economic-cycle-real-gdp copy

Boom and bust economic cycles involve: Rapid economic growth and inflation (a boom), followed by: A period of economic contraction / recession (falling GDP, rising unemployment) Causes of boom and bust cycles 1. Loose Monetary Policy If monetary policy is too loose, it means real interest rates are too low given the state of the …

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How The Bank of England set interest rates

uk-base-rates-79-17

Q. How does the Bank of England decide and set interest rates? The Bank of England set the repo rate. This is sometimes known as the ‘base rate’. It is the interest rate at which commercial banks (like Lloyds and Natwest) borrow from the Bank of England. The Bank of England can control liquidity and …

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