WJEC AS revision guide – network license

£45.00

 

  • E-Book
  • Specific WJEC AS-level economics revision guide – network license £45.00
  • Updated for the new WJEC economics syllabus (first A-level exam June 2016)
  • Network license version of economics revision guide

 

About network license

  • Allows unlimited use within one educational establishment.
  • Package includes word documents, to enable modification for teaching.

Description

Single user: WJEC AS revision guide

Table of contents

Micro economics

  • Scarcity, choice and opportunity cost
  • Opportunity cost
  • Production possibility frontiers (PPF)
  • Possibility frontier and economic growth
  • Specialisation
  • Markets
  • Demand
  • Supply
  • Market equilibrium
  • Consumer surplus
  • Producer surplus
  • Elasticity
    • Using knowledge of elasticity
    • The impact of elasticity on tax
    • Income elasticity of demand (YED)
    • Cross elasticity of demand
    • Price elasticity of supply
  • Tax
  • Wage determination
    • National minimum wage
    • Flexible labour markets
    • Impact of net migration on UK labour markets
    • Evaluation of net migration
  • How resources are allocated in a free market
  • Market Failure
    • Externalities and social efficiency
    • Negative externality
    • Positive externality
    • Public good
    • Information gaps
    • Merit good
    • Demerit good
  • Government intervention to correct market failure
    • Tax
    • Subsidy
    • Maximum prices
    • Problem of maximum prices
    • Minimum prices
    • Tradeable pollution permits
    • State provision of public services
    • Advertising / Information
    • Regulation
  • Policies of Welsh government
  • Government failure

Unit  The UK Economy

  • Circular flow of income
    • Injections
    • Withdrawals (W) (leakages)
    • Multiplier effect
  • Aggregate demand
    • Consumer spending (C)
    • Investment
    • Government expenditure (G)
    • Net trade (X-M)
  • Aggregate supply (AS)
  • Equilibrium national income
  • Government macro economic objectives
    • Conflicts between objectives
  • Fiscal policy
    • The National Debt
    • Government spending
    • Taxation
  • Supply side policies
  • Monetary Policy
    • UK monetary policy
    • The role of the central bank
  • Exchange rates
    • Factors that influence exchange rates
    • Appreciation in the exchange rate
    • Evaluation of an appreciation
  • Trade
    • Benefits of free trade
    • Arguments for restricting trade