Edexcel A Level Economics A
Exam Questions

Economics as a Social Science, Positive & Normative Economic Statements, The Economic Problem, Production Possibility Frontiers, Specialisation & the Division of Labour, Free Market Economies, Mixed Economy & Command Economy

Rational Decision Making, Demand, Price, Income & Cross Elasticities of Demand, Supply, Elasticity of Supply, Price Determination, Price Mechanism, Producer & Consumer Surplus, Indirect Taxes & Subsidies, Alternative Views of Consumer Behaviour

Types of Market Failure, Externalities, Public Goods, Information Gaps

Government Intervention in Markets, Government Failure

Economic Growth, Inflation, Employment & Unemployment, Balance of Payments

The Characteristics of Aggregate Demand, Consumption (C), Investment (I), Government Expenditure (G), Net Trade (X-M)

Characteristics of Aggregate Supply, Short-Run Aggregate Supply, Long-Run Aggregate Supply

National Income, Injections & Withdrawals, Equilibrium Levels of Real National Output, The Multiplier

Causes of Growth, Output Gaps, Trade (Business) Cycle, The Impact of Economic Growth

Possible Macroeconomic Objectives, Demand-Side Policies, Supply-Side Policies, Conflicts & Trade-Offs Between Objectives & Policies

Size & Types of Firms, Business Growth, Demergers

Business Objectives

Revenue, Costs, Economies & Diseconomies of Scale, Normal Profits, Supernormal Profits & Losses

Efficiency, Perfect Competition, Monopolistic Competition, Oligopoly, Monopoly, Monopsony, Contestability

Demand for Labour, Supply of Labour, Wage Determination in Competitive & Non-Competitive Markets

Government Intervention, The Impact of Government Intervention

Globalisation, Specialisation & Trade, Pattern of Trade, Terms of Trade, Trading Blocs & the World Trade Organisation (WTO), Restrictions on Free Trade, Balance of Payments, Exchange Rates, International Competitiveness

Absolute & Relative Poverty, Inequality

Measures of Development, Factors Influencing Growth & Development, Strategies Influencing Growth & Development

Role of Financial Markets, Market Failure in the Financial Sector, Role of Central Banks

Public Expenditure, Taxation, Public Sector Finances, Macroeconomic Policies in a Global Context