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.
- Last updated June 2022.
- 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
