• Product Reference: 978-1-905504-21-3

Publication Date: January 2009, revised March 2012

Jim Keefe and Peter Cramp have produced a new AS Level Revision Guide which conforms to the new syllabus changes. Divided into Micro and Macro it covers all the requirements of the major examining boards: AQA, OCR and EDEXCEL. Contents are as follows:

Unit 1 Microeconomics

• Introduction to Economics
• Production & economies of scale
• Demand & supply analysis
• Elasticity
• The price mechanism
• Market failure – monopoly
• Market failure – externalities, merit & demerit goods, public goods
• Market failure – imperfect competition, immobility of resources, unstable commodity prices, lack of equity
• Government intervention - indirect taxes,subsidies, state provision
• Government intervention – price controls and buffer stocks
• Government intervention – regulation, extending property rights, tradable pollution permits
• Government failure
• Wages & the national minimum wage

Unit 2 Macroeconomics

• Macroeconomic Indicators
• Living standards & economic development
• The circular flow of income & aggregate demand
• Aggregate supply & macroeconomic equilibrium
• Consumption, saving & investment
• Economic growth
• Unemployment
• Inflation
• The current account of the balance of payments
• International trade & exchange rates
• Fiscal Policy
• Monetary Policy
• Supply side policies

This book covers all the requirements of the major examining boards: AQA, OCR and EDEXCEL.

You can see details of Peter Cramp's self-published resources at www.economicsfactory.com

Publication Date: January 2009, revised March 2012

Jim Keefe and Peter Cramp have produced a new AS Level Revision Guide which conforms to the new syllabus changes. Divided into Micro and Macro it covers all the requirements of the major examining boards: AQA, OCR and EDEXCEL. Contents are as follows:

Unit 1 Microeconomics

• Introduction to Economics
• Production & economies of scale
• Demand & supply analysis
• Elasticity
• The price mechanism
• Market failure – monopoly
• Market failure – externalities, merit & demerit goods, public goods
• Market failure – imperfect competition, immobility of resources, unstable commodity prices, lack of equity
• Government intervention - indirect taxes,subsidies, state provision
• Government intervention – price controls and buffer stocks
• Government intervention – regulation, extending property rights, tradable pollution permits
• Government failure
• Wages & the national minimum wage

Unit 2 Macroeconomics

• Macroeconomic Indicators
• Living standards & economic development
• The circular flow of income & aggregate demand
• Aggregate supply & macroeconomic equilibrium
• Consumption, saving & investment
• Economic growth
• Unemployment
• Inflation
• The current account of the balance of payments
• International trade & exchange rates
• Fiscal Policy
• Monetary Policy
• Supply side policies

This book covers all the requirements of the major examining boards: AQA, OCR and EDEXCEL.

You can see details of Peter Cramp's self-published resources at www.economicsfactory.com

ISBN: 978-1-905504-21-3

Publication Date: January 2009, revised March 2012

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