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A-Level Economics

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1 Basic economic ideas and resource allocation 0 / 6

1.1 Scarcity, choice and opportunity cost 1.2 Economic methodology 1.3 Factors of production 1.4 Resource allocation in different economic systems 1.5 Production possibility curves 1.6 Classification of goods and services

2 The price system and the microeconomy 0 / 7

2.1.1 Demand 2.1.2 Supply 2.2.1 Price elasticity of demand 2.2.2 Income and cross elasticity of demand 2.3 Price elasticity of supply 2.4 The interaction of demand and supply 2.5 Consumer and producer surplus

3 Government microeconomic intervention 0 / 5

3.1.1 Market failure and externalities 3.1.2 Other reasons for intervention 3.2.1 Taxes and subsidies 3.2.2 Price controls, regulation and government failure 3.3 Addressing income and wealth inequality

4 The macroeconomy 0 / 6

4.1 National income statistics 4.2 Introduction to the circular flow of income 4.3 Aggregate Demand and Aggregate Supply analysis 4.4 Economic growth 4.5 Unemployment 4.6 Price stability

5 Government macroeconomic intervention 0 / 4

5.1 Government macroeconomic policy objectives 5.2 Fiscal policy 5.3 Monetary policy 5.4 Supply-side policy

6 International economic issues 0 / 5

6.1 The reasons for international trade 6.2 Protectionism 6.3 Current account of the balance of payments 6.4 Exchange rates 6.5 Policies to correct imbalances in the current account of the balance of payments

7 The price system and the microeconomy (A Level) 0 / 10

7.1 Utility 7.2 Indifference curves and budget lines 7.3 Efficiency and market failure 7.4 Private costs and benefits, externalities and social costs and benefits 7.5.1 Costs and production 7.5.2 Revenue and profit 7.6.1 Market structures 7.6.2 Competition and price discrimination 7.7 Growth and survival of firms 7.8 Differing objectives and policies of firms

8 Government microeconomic intervention (A Level) 0 / 4

8.1 Government policies to achieve efficient resource allocation and correct market failure 8.2 Equity and redistribution of income and wealth 8.3.1 The labour market 8.3.2 Labour market forces and intervention

9 The macroeconomy (A Level) 0 / 4

9.1 The circular flow of income 9.2 Economic growth and sustainability 9.3 Employment/unemployment 9.4 Money and banking

10 Government macroeconomic intervention (A Level) 0 / 3

10.1 Government macroeconomic policy objectives 10.2 Links between macroeconomic problems and their interrelatedness 10.3 Effectiveness of policy options to meet all macroeconomic objectives

11 International economic issues (A Level) 0 / 6

11.1 Policies to correct disequilibrium in the balance of payments 11.2 Exchange rates 11.3 Economic development 11.4 Characteristics of countries at different levels of development 11.5 Relationship between countries at different levels of development 11.6 Globalisation