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Flashcard maker: Tim Apologun

Decks in this class (18)

4.1.1.1 Economic methodology
Students should understand how thinking as an economist may differ from other forms of scientific enquiry.
14  cards
4.1.1.5 Production possibility diagrams
Students should be able to use production possibility diagrams to illustrate these features.
8  cards
4.1.2.1 Consumer behaviour
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13  cards
3.1.2.1 The determinants of the demand for goods and services
Students should understand the factors that influence the spending decisions of consumers, including: price, income, wealth, the price of substitutes and complementary goods, and individual preferences. They should also appreciate that such decisions are influenced by social and emotional factors.
9  cards
PED YED XED
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16  cards
4.1.3.3 The determinants of the supply of goods and services
3.1.2.6 The interrelationship between markets 3.1.2.4 Price elasticity of supply
16  cards
4.1.4.1 Production and productivity
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8  cards
4.2.6.3 The balance of payments
Students should have a detailed knowledge of the structure of the current account of the balance of payments but only need a general appreciation of the other sections of the balance of payments account. Students should appreciate the difference between foreign direct investment (FDI) and portfolio investment.
11  cards
4.2.3.1 Economic growth and the economic cycle
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4  cards
4.2.3.2 Employment and unemployment
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6  cards
3.2.4 Macroeconomic policy
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4  cards
Macroeconomic equilibrium.
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7  cards
Inflation
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3  cards
Common mistakes.
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2  cards
4.1.5.6 Monopoly and monopoly power
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12  cards
3.1.5.8 Government intervention in markets
The existence of market failure, in its various forms, provides an argument for government intervention in markets. Governments influence the allocation of resources in a variety of ways, including through public expenditure, taxation and regulations. Governments have a range of objectives and these affect how they intervene in a mixed economy to influence the allocation of resources. The use of indirect taxation, subsidies, price controls, state provision and regulation to correct market failur
0  cards
3.1.5.4 Positive and negative externalities in consumption and production
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10  cards
Keywords with exam definitions
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22  cards

More about A-Level Economics AQA

  • Class purpose General learning

The creator of this class did not yet add a description for what is included in this class.

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