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OCR - revision site for teachers of Economics (couple of worksheets) and additional website linksUNIT 1 - THE MARKET SYSTEMGlossary of termsPositive and Normative Economics Factors of Production Scarcity Opportunity Cost The Production Possibility Frontier (PPF) Specialisation and the Division of Labour Short Run and Long Run Economies of Scale Comparative and Absolute Advantage and links The Demand for Goods and Services and links The Supply of Goods and Services The Equilibrium of Demand and Supply and links Consumer Surplus Producer Surplus Price Elasticity of Demand Income Elasticity of Demand Cross Price Elasticity of Demand Price Elasticity of Supply Labour Markets Housing Markets Exchange rates (Money Markets) Entry and Exit of Firms Minimum Prices Maximum Prices Agricultural Markets Indirect Taxes Indirect Subsidies Economic Systems UNIT 2 - MARKET FAILURE AND GOVERNMENT INTERVENTIONExternalities- Private and social costs - Market failure and externalities - Externalities and market failure - Negative consumption externalities - Positive externalities - Positive externalities and failure - Technological spillovers Merit Goods De-merit Goods De-merit goods task Public Goods Monopolies and how they affect efficiency Monopoly And The Public Interest Government policies - correcting for externalities - Pollution taxes - Pollution regulation - Extending property rights - Marketable pollution permits - The climate change levy - Coase theorem - Landfill tax - Kyoto treaty - United Nations Convention - Marketable pollution permits: case Study with Questions - Alaskans face thaw - Climate Crisis: All Change in the UK Merit Goods De-merit Goods De-merit goods task Public Goods Indirect Taxes Subsidies Cost Benefit Analysis (CBA) Barriers to Entry UNIT 3 - THE NATIONAL AND INTERNATIONAL ECONOMYAggregate demand curveAggregate supply - Elasticity of aggregate supply Equilibrium of aggregate demand and supply Consumption and savings - Consumption and savings function - Trends in the saving ratios - Consumer confidence - Wealth and consumer demand - Friedmans permanent income hypothesis Investment - Gross and net investment - Why do firms invest - UK Investment In An International Context - The Marginal Efficiency Of Investment - The Keynesian Theory Of Investment - The accelerator - Recent Trends In The Growth Of Consumption And Investment Spending - Capital base - Direct investment into the UK - Inward Investment And The Regional Economic Problem Government spending - Government borrowing - National debt Exports and Imports Objectives of government macroeconomic policy Inflation and its measures and links - The main causes of inflation - Inflationary gaps - Costs and effect of inflation - Unit labour costs and inflation - Monetary inflation - Policies to control inflation - Inflation targets - Deflation - Inflation figures (Excel spreadsheet) Unemployment - Measuring unemployment - Economic costs of unemployment - The main causes of unemployment - Policies to reduce unemployment - Changing patterns of unemployment - Full employment - Natural rate of unemployment - The NAIRU - Job vacancies - Long term unemployment - New Deal Economic growth and measurement and links - Benefits and costs of growth - The economic cycle - Theories of growth - Economic resources and long run growth - Government policies - Growth and jobs - USA a model to follow - The structure of output in an economy Balance of payments - The current account - The UKs current account - The capital account - The balance of payments must balance - Can a country safely ignore a persistent current account deficit Conflicts Between Macro Economic Objectives Demand management or supply side Types of trade protectionism. Reasons for trade protectionism Trade creation and trade diversion International exchange. UNIT 4 - ECONOMICS OF WORK AND LEISURE- Perfect competition- Monopoly - Monopolistic competition - Game theory - Oligopoly UNIT 8 - ECONOMICS IN A EUROPEAN CONTEXTTypes of trading blocsExamples of trading blocs Types of trade protectionism Reasons for trade protectionism Trade creation and trade diversion European Monetary Union |
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Edexcel - revision site for teachers of Economics (limited number of worksheets), multiple choice tests and additional website linksUNIT 1 - MARKETS: HOW THEY WORKGlossary of termsPositive and Normative Economics Factors of Production Scarcity Opportunity Cost The Production Possibility Frontier (PPF) Specialisation and the Division of Labour Short Run and Long Run Economies of Scale Comparative and Absolute Advantage and links The Demand for Goods and Services and links The Supply of Goods and Services The Equilibrium of Demand and Supply and links Consumer Surplus Producer Surplus Price Elasticity of Demand Income Elasticity of Demand Cross Price Elasticity of Demand Price Elasticity of Supply Labour Markets Housing Markets Exchange rates (Money Markets) Entry and Exit of Firms Minimum Prices Maximum Prices Agricultural Markets Indirect Taxes Indirect Subsidies Economic Systems UNIT 2 - MARKETS: WHY THEY FAILExternalities - Private and social costs - Market failure and externalities - Externalities and market failure - Negative consumption externalities - Positive externalities - Positive externalities and failure - Technological spillovers Government policies - correcting for externalities - Pollution taxes - Pollution regulation - Extending property rights - Marketable pollution permits - The climate change levy - Coase theorem - Landfill tax - Kyoto treaty - United Nations Convention - Marketable pollution permits: case Study with Questions - Alaskans face thaw - Climate Crisis: All Change in the UK Merit Goods De-merit Goods De-merit goods task Public Goods Indirect Taxes Subsidies Cost Benefit Analysis (CBA) Barriers to Entry Monopolies UNIT 3 - MANAGING THE ECONOMYWorksheet: Objectives of Government Macroeconomic PolicyAggregate demand curve Aggregate supply - Elasticity of aggregate supply Equilibrium of aggregate demand and supply Consumption and savings - Consumption and savings function - Trends in the saving ratios - Consumer confidence - Wealth and consumer demand - Friedmans permanent income hypothesis Investment - Gross and net investment - Why do firms invest - UK Investment In An International Context - The Marginal Efficiency Of Investment - The Keynesian Theory Of Investment - The accelerator - Recent Trends In The Growth Of Consumption And Investment Spending - Research and development spending - Capital base - Direct investment into the UK - Inward Investment And The Regional Economic Problem Government spending - Government borrowing - National debt Exports and Imports Objectives of government macroeconomic policy Inflation and its measures and links - The main causes of inflation - Inflationary gaps - Costs and effect of inflation - Unit labour costs and inflation - Monetary inflation - Policies to control inflation - Inflation targets - Deflation - Inflation figures (Excel spreadsheet) Unemployment - Measuring unemployment - Economic and social costs of unemployment - The main causes of unemployment - Policies to reduce unemployment - Changing patterns of unemployment - Full employment - Natural rate of unemployment - The NAIRU - Job vacancies - Long term unemployment - New Deal Economic growth and measurement and links - Benefits and costs of growth - The economic cycle - Theories of growth - Economic resources and long run growth - Government policies - Growth and jobs - USA a model to follow - The structure of output in an economy Balance of payments - The current account - The UKs current account - The capital account - The balance of payments must balance - Can a country safely ignore a persistent current account deficit Remedies for a balance of payments disequilibrium. Conflicts Between Macro Economic Objectives Demand management or supply side UNIT 4 - INDUSTRIAL ECONOMICSThe birth and growth of firms. The motives and methods of growthCosts Revenue. Profit. Alternative motives for firms and links Short run and long run. Diminishing Marginal Returns and Economies of scale. Perfect competition Monopoly Monopolistic competition Game theory Oligopoly Cartels Comparing efficiency between the market structures. Monopoly And The Public Interest Measures of market concentration Price discrimination in monopoly Pricing and non-pricing strategies Contestable markets Competition policy Regulation of privatised industries UNIT 5 - ECONOMIC DEVELOPMENTAbsolute and relative povertyThe causes of economic growth in developing countries. The significance of economic growth for development Differences between developing countries. The costs of economic growth. Constraints on economic growth. Development strategies. The development of particular sectors of the economy. Sources of external finance. UNIT 6 - THE UK IN A GLOBAL ECONOMYGlobalisation.International exchange. Types of trading blocs Examples of trading blocs Types of trade protectionism. Reasons for trade protectionism Trade creation and trade diversion Sources of possible conflict between trading blocs The Common Agricultural Policy The World Trade Organisation (WTO). International competitiveness. The UKs changing international competitive situation. Balance of payments Remedies for a balance of payments disequilibrium. Exchange rate systems. What Determines The Value Of An Exchange Rate European Monetary Union. Inward foreign direct investment by MNCs. Public expenditure Unemployment Inflation Real output and the NAIRU (Phillips Curve). MULTIPLE CHOICE QUESTIONS (ESSENTIAL FOR UNITS 1 AND 4)Unit 1 - Markets - how they work (essential learning)Unit 2 - Markets - why they fail Unit 3 - Managing the economy Links to other on-line quizzes and tests |
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AQA - revision site for teachers of Economics (limited number of worksheets) and additional website linksUNIT 1 - MARKETS AND MARKET FAILUREGlossary of termsPositive and Normative Economics Factors of Production Scarcity Opportunity Cost The Production Possibility Frontier (PPF) Specialisation and the Division of Labour Short Run and Long Run Economies of Scale Comparative and Absolute Advantage and links The Demand for Goods and Services and links The Supply of Goods and Services The Equilibrium of Demand and Supply and links Consumer Surplus Producer Surplus Price Elasticity of Demand Income Elasticity of Demand Cross Price Elasticity of Demand Price Elasticity of Supply Labour Markets Housing Markets Exchange rates (Money Markets) Entry and Exit of Firms Minimum Prices Maximum Prices Agricultural Markets Indirect Taxes Indirect Subsidies Externalities - Private and social costs - Market failure and externalities - Externalities and market failure - Negative consumption externalities - Positive externalities - Positive externalities and failure - Technological spillovers Government policies - correcting for externalities - Pollution taxes - Pollution regulation - Extending property rights - Marketable pollution permits - The climate change levy - Coase theorem - Landfill tax - Kyoto treaty - United Nations Convention - Marketable pollution permits- case Study with Questions - Alaskans face thaw - Climate Crisis- All Change in the UK Merit Goods De-merit Goods De-merit goods task Public Goods Indirect Taxes Subsidies Cost Benefit Analysis (CBA) Barriers to Entry Monopolies UNIT 2 - THE NATIONAL ECONOMYAggregate demand curveAggregate supply - Elasticity of aggregate supply Equilibrium of aggregate demand and supply Consumption and savings - Consumption and savings function - Trends in the saving ratios - Consumer confidence - Wealth and consumer demand - Friedmans permanent income hypothesis Investment - Gross and net investment - Why do firms invest - UK Investment In An International Context - The Marginal Efficiency Of Investment - The Keynesian Theory Of Investment - The accelerator - Recent Trends In The Growth Of Consumption And Investment Spending - Capital base - Direct investment into the UK - Inward Investment And The Regional Economic Problem Government spending - Government borrowing - National debt Exports and Imports Objectives of government macroeconomic policy Inflation and its measures and links - The main causes of inflation - Inflationary gaps - Costs and effect of inflation - Unit labour costs and inflation - Monetary inflation - Policies to control inflation - Inflation targets - Deflation - Inflation figures (Excel spreadsheet) Unemployment - Measuring unemployment - Economic costs of unemployment - The main causes of unemployment - Policies to reduce unemployment - Changing patterns of unemployment - Full employment - Natural rate of unemployment - The NAIRU - Job vacancies - Long term unemployment - New Deal Economic growth and measurement and links - Benefits and costs of growth - The economic cycle - Theories of growth - Economic resources and long run growth - Government policies - Growth and jobs - USA a model to follow - The structure of output in an economy Balance of payments - The current account - The UKs current account - The capital account - The balance of payments must balance - Can a country safely ignore a persistent current account deficit Conflicts Between Macro Economic Objectives Demand management or supply side UNIT 3 - MARKETS AT WORKThe Housing MarketExternalities - Private and social costs - Market failure and externalities - Externalities and market failure - Negative consumption externalities - Positive externalities - Positive externalities and failure - Technological spillovers Government policies - correcting for externalities - Pollution taxes - Pollution regulation - Extending property rights - Marketable pollution permits - The climate change levy - Coase theorem - Landfill tax - Kyoto treaty - United Nations Convention - Marketable pollution permits- case Study with Questions - Alaskans face thaw - Climate Crisis - All Change in the UK Merit Goods De-merit Goods De-merit goods task Public Goods Indirect Taxes Subsidies Cost Benefit Analysis (CBA) Barriers to Entry Monopolies UNIT 5 - BUSINESS ECONOMICS AND THE DISTRIBUTION OF INCOMEThe birth and growth of firms. The motives and methods of growthCosts Revenue. Profit. Alternative motives for firms and links Short run and long run. Diminishing Marginal Returns and Economies of scale. Perfect competition Monopoly Monopolistic competition Game theory Oligopoly Cartels Comparing efficiency between the market structures. Monopoly And The Public Interest Measures of market concentration Price discrimination in monopoly Pricing and non-pricing strategies Contestable markets The Labour Markets Competition policy Regulation of privatised industries Cost Benefit Analysis (CBA) UNIT 6 - GOVERNMENT POLICY, THE NATIONAL AND INTERNATIONAL ECONOMYAggregate demand curveAggregate supply - Elasticity of aggregate supply Equilibrium of aggregate demand and supply Consumption and savings - Consumption and savings function - Trends in the saving ratios - Consumer confidence - Wealth and consumer demand - Friedmans permanent income hypothesis Investment - Gross and net investment - Why do firms invest - UK Investment In An International Context - The Marginal Efficiency Of Investment - The Keynesian Theory Of Investment - The accelerator - Recent Trends In The Growth Of Consumption And Investment Spending - Capital base - Direct investment into the UK - Inward Investment And The Regional Economic Problem Government spending - Government borrowing - National debt Exports and Imports Objectives of government macroeconomic policy Inflation and its measures and links - The main causes of inflation - Inflationary gaps - Costs and effect of inflation - Unit labour costs and inflation - Monetary inflation - Policies to control inflation - Inflation targets - Deflation - Inflation figures (Excel spreadsheet) Unemployment - Measuring unemployment - Economic costs of unemployment - The main causes of unemployment - Policies to reduce unemployment - Changing patterns of unemployment - Full employment - Natural rate of unemployment - The NAIRU - Job vacancies - Long term unemployment - New Deal Economic growth and measurement and links - Benefits and costs of growth - The economic cycle - Theories of growth - Economic resources and long run growth - Government policies - Growth and jobs - USA a model to follow - The structure of output in an economy Balance of payments - The current account - The UKs current account - The capital account - The balance of payments must balance - Can a country safely ignore a persistent current account deficit Conflicts Between Macro Economic Objectives Demand management or supply side International exchange. Types of trading blocs Examples of trading blocs Types of trade protectionism. Reasons for trade protectionism Trade creation and trade diversion Sources of possible conflict between trading blocs International competitiveness. The UKs changing international competitive situation. Balance of payments Remedies for a balance of payments disequilibrium. Exchange rate systems. What Determines The Value Of An Exchange Rate European Monetary Union. |
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