Economics A2: every topic explained
24 short explanations for Economics A2, one per syllabus topic: the idea, the rules, the common mistake and a worked example. Each one links to our notes and a free test on that topic.
The price system and the microeconomy
- Utility
- Indifference curves and budget lines
- Efficiency and market failure
- Private costs and benefits, externalities and social costs and benefits
- Types of cost, revenue and profit, short-run and long-run production
- Different market structures
- Growth and survival of firms
- Differing objectives and policies of firms
Government microeconomic intervention
- Government policies to achieve efficient resource allocation and correct market failure
- Equity and redistribution of income and wealth
- Labour market forces and government intervention
The macroeconomy
- The circular flow of income
- Economic growth and sustainability
- Employment and unemployment
- Money and banking
Government macroeconomic intervention
- Government macroeconomic policy objectives
- Links between macroeconomic problems
- Effectiveness of policy options
International economic issues
- Policies to correct balance of payments disequilibrium
- Exchange rates
- Economic development
- Characteristics of countries at different levels of development
- Relationship between countries at different levels of development
- Globalisation
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