Presentations/Revision

Managing the Economy


Policies to control inflation

Prospects for the UK Economy

Notes (AS and A2)

Introduction to Economics:

• Unit 1: Introduction to Economics

Microeconomics:

• Unit 2.1 Supply, Demand and Equilibrium
• Unit 2.2 Elasticities
• Unit 2.2.1 Theory of Consumer Behavior (AP only)
• Unit 2.3.1 Costs of Production
• Unit 2.3.2 Pure Competition
• Unit 2.3.3 Pure Monopoly
• Unit 2.3.4 and 2.3.5 Monopolistic Competition and Oligopoly
• Unit 2.4 Market Failure and the Role of Government
• Unit 2.5 Resource Markets (AP Only)

Macroeconomics:

• Unit 3.1 and 3.2 Macroeconomics Indicators and Introduction to Economic Development
• Unit 3.3 Macroeconomic Models
• Units 3.4 Supply and Demand-side Policies
• Unit 3.5 and 3.6 Unemployment/Inflation and Distribution of Income

International Economics:

• Units 4.1 and 4.2 Reasons for Trade and Free Trade vs. Protectionism
• Units 4.3 and 4.4 Economic Integration and the WTO
• Unit 4.6 Exchange Rates
• Units 4.5, 4.7 and 4.8 Balance of Payments

Development Economics:

• Units 5.1-5.3 Sources of and Obstacles to Growth and Development
• Units 5.4 and 5.5 Growth and Development Strategies

Source

A post for AS Economists - 1

Even after just this short time, it is noticeable that about 6 AS Economists seem to be working harder, more sensibly and more efficiently than the other students. This is opening a gap and there is a real risk that the AS economists will become bored.

Therefore I am giving you some more difficult questions to consider.

Please write the answer fully in your blogs and leave a comment here to say that you have done so.

OK here is the first question:

Using supply and demand analysis, explain the reasons for a rise in the price of cocaine.