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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)

Edexcel A2 economics

Units 3 and 4 of Edexcel A level economics
(single user license)

It includes:

Theme 3 – Business and labour markets

61 pages, 14,000 words

Theme 4 – A global perspective

63 pages, 17,000 words

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 …

This is a review of economics and its relationships with other social sciences and subjects, such as philosophy, politics, maths, physics, anthropology, psychology and sociology. Also, to what extent does economics benefit from expanding into other subjects? What is economics? Economics a social science that studies the production, consumption and distribution of goods and services. …

Readers Question: What is the importance of economics? Economics is concerned with the optimal distribution of resources in society. The subject involves Understanding what happens in markets and the macroeconomy. Examining statistics about the state of the economy and explaining their significance Understanding different policy options and evaluating their likely outcomes. Examples of the importance …

Economics – profit and revenue

Total revenue (TR): This is the total income a firm receives. This will equal price × quantity Average revenue (AR) = TR / Q Marginal revenue (MR) = the extra revenue gained from selling an extra unit of a good Profit = Total revenue (TR) – total costs (TC) or (AR – AC) × Q Profit …

Micro-economics

Microeconomic topics Consumer and producer surplus Demand Substitute goods Complements Economies of scale Elasticity Price elasticity of demand Cross elasticity of demand Income elasticity of demand Price elasticity of supply Market equilibrium Production possibility frontiers Positive and normative statements Opportunity cost Specialisation and division of labour Market failure Positive externalities – the benefit to a …

Economics affects our daily lives in both obvious and subtle ways. From an individual perspective, economics frames many choices we have to make about work, leisure, consumption and how much to save. Our lives are also influenced by macro-economic trends, such as inflation, interest rates and economic growth. Summary – why economics is important The …