This book containing Key Definitions is ideal for students as they work their way through their course, or just to help with revision.
Each book of Key Definitions is specific to a particular Board and is constructed according to the major units for which students will be studying. Sometimes the same concept is defined in different ways to cover what is required at AS and A2 Levels. All economic terms are indexed at the back of the book.
The contents are as follows:
Unit I: Markets - How they Work
Section A: Basic Concepts
Section B: Basic Operations of the Market
Section C: Different Economic Systems
Section D: Intervention in Markets
Unit 2: Markets - Why they Fail
Section A: Basic Concepts
Section B: Intervention in Markets
Section C: Market Failures
Section D: Vital Market Failure Concepts
Unit 3: Managing the Economy
Section A: Introductory Macro Concept
Section B: Introductory Micro Concept
Section C: Measures of National and Economic Performance
Section D: Theory of Aggregate Demand and Supply
Unit 4: Industrial Economics
Section A: Basic Concepts
Section B: Aims of the Firm
Section C: Market Structures
Section D: Strategies of the Firm
Section E: UK Applied Theory
Unit 5: Labour Markets
Section A: Micro Theory
Section B: Government Policies
Section C: Macro Theory
Section D: Inequality
Unit 5B: Economic Development
Section A: Development Concepts
Section B: Problems of Less Economically Developed Countries
Section C: Developed Models
Section D: Solutions
Unit 6: The UK in the Global Economy
Section A: International Trade
Section B: Public Finance
Section C: Advanced Macro Theory
Index of Economic Terms
Mark Jewell is Head of Economics at Radley College.
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