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Economics Study Notes

A Level · Free revision notes covering the complete syllabus

4 Units34 Notes AvailableSyllabus Code: 9708
1

Microeconomics: Markets and Prices

Supply and demand, market equilibrium, elasticity and market structures

Demand: Theory and Determinants

45 min read

Supply: Theory and Determinants

45 min read

Market Equilibrium and Price Mechanism

50 min read

Price Elasticity of Demand (PED)

55 min read

Income and Cross Elasticity of Demand

50 min read

Price Elasticity of Supply (PES)

45 min read

Consumer and Producer Surplus

50 min read

Market Structures: Perfect Competition

55 min read

Monopoly and Monopolistic Competition

55 min read

Oligopoly and Game Theory

55 min read

2

Microeconomics: Market Failure and Government

Externalities, public goods, information failure and government intervention

Market Failure: Externalities

55 min read

Public Goods and Merit Goods

50 min read

Information Failure and Asymmetry

50 min read

Government Intervention: Taxes and Subsidies

55 min read

Price Controls: Floors and Ceilings

50 min read

Competition Policy and Regulation

50 min read

Labour Markets and Wage Determination

55 min read

Income Distribution and Inequality

50 min read

3

Macroeconomics: National Income and Growth

GDP, economic growth, business cycles and aggregate demand/supply

National Income: GDP and GNP

50 min read

Aggregate Demand and Its Components

55 min read

Aggregate Supply: Short and Long Run

55 min read

Macroeconomic Equilibrium

50 min read

Economic Growth and Business Cycles

55 min read

Multiplier and Accelerator Effects

55 min read

Inflation: Causes and Consequences

55 min read

Unemployment: Types and Policies

55 min read

4

Macroeconomics: Policy

Fiscal policy, monetary policy, supply-side policies and their conflicts

Fiscal Policy: Government Spending and Taxation

55 min read

Monetary Policy: Interest Rates and Money Supply

55 min read

Supply-Side Policies

50 min read

Conflicts Between Macroeconomic Objectives

55 min read

Balance of Payments

55 min read

Exchange Rates and Currency Systems

55 min read

International Trade and Comparative Advantage

55 min read

Globalisation and Development Economics

55 min read

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