Cambridge International AS and A Level economics revision guide / Terry Cook.

Format:

Book

Author/Creator:

Cook, Terry, author.

Language:

English

Subjects (All):

Economics--Examinations--Study guides.

Economics.

Advanced supplementary examinations--Study guides.

Advanced supplementary examinations.

Physical Description:

1 online resource (173 p.)

Place of Publication:

London, [England] : Hodder Education, 2013.

Language Note:

English

Summary:

Get your best grades with this Cambridge International AS and A Level Economics Revision Guide . - Manage your own revision with step-by-step support from experienced examiner Terry Cook. - Maintain an appropriate international focus in exams with examples and case studies from around the world. - Get the top marks by applying economic terms accurately with the help of definitions and key words. Use the Revision Guide to prepare for the big day:. - Plan and pace your revision with the revision planner - Use the expert tips to clarify key points. - Test yourself with rapid-fire questions and an

Contents:

Cover; Book title; My revision planner; AS topics; 1 Basic economic ideas; Scarcity, choice and resource allocation; Different allocative mechanisms; Problems of transition; Production possibility curves; Decision making at the margin; Positive and normative statements; Ceteris paribus; Factors of production; Division of labour; Money: its functions and characteristics; 2 The price system and the theory of the firm; Individual and market demand curves; Price, income and cross elasticities of demand; Firms' supply curves; Price elasticity of supply; Interaction of demand and supply

Consumer and producer surplusPrices as rationing and allocative mechanisms; 3 Government intervention in the price system; Externalities; Social costs and social benefits; Decision making using cost-benefit analysis; Private and public goods; Merit and demerit goods; Examples of government intervention; 4 International trade; Principles of absolute and comparative advantage; Arguments for free trade and motives for protection; Types of protection and their effects; Terms of trade; Components of the balance of payments; 5 Theory and measurement in the macroeconomy; Employment statistics

General price level: price indicesMoney and real data; Aggregate demand (AD) and aggregate supply (AS); Interaction of AD and AS; 6 Macroeconomic problems; Inflation; Balance of payments problems; Fluctuations in foreign exchange rates; 7 Macroeconomic policies; Policies designed to correct balance of payments disequilibrium; Policies to influence the exchange rate; Possible conflicts between macroeconomic policy objectives; AS questions and answers; A level topics; 8 Basic economic ideas; Efficient resource allocation; Concept of economic efficiency

9 The price system and the theory of the firmLaw of diminishing marginal utility; Budget lines; Short-run and long-run production and cost functions; Types of cost, revenue and profit; Differing objectives of a firm; Different market structures; Contestable markets; Conduct and performance of firms; Growth and survival of firms; Demand and supply for labour.; Wage determination; 10 Government intervention in the price system; Sources of market failure; Additional policies to correct market failure; Objectives of government microeconomic policy; Effectiveness of government policies.

Privatisation11 Theory and measurement in the macroeconomy; National income statistics; The money supply; The circular flow of income; Keynesian and Monetarist schools; The aggregate expenditure function; Sources of money supply and the quantity theory of money; The demand for money; 12 Macroeconomic problems; Economic growth and development; Unemployment; Inter-connectedness of problems; 13 Macroeconomic policies; Objectives of macroeconomic policy; Types of policy; Evaluating policy options; Policies towards economically developing economies; A level questions and answers

Now test yourself answers

Notes:

Description based upon print version of record.

Description based on online resource; title from PDF title page (EBC, viewed November 16, 2017).

ISBN:

1-4441-9199-3

1-4441-9198-5