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1Basic economic ideas and resource allocation (AS Level)6

1.1Scarcity, choice and opportunity cost241.2Economic methodology311.3Factors of production321.4Resource allocation in different economic systems201.5Production possibility curves441.6Classification of goods and services52

2The price system and the microeconomy (AS Level)5

2.1Demand and supply curves672.2Price elasticity, income elasticity and cross elasticity of demand682.3Price elasticity of supply522.4The interaction of demand and supply592.5Consumer and producer surplus38

3Government microeconomy intervention (AS Level)3

3.1Reasons for government intervention in markets13.2Methods and effects of government intervention in markets833.3Addressing income and wealth inequality67

4The Macroeconomy (AS Level)6

4.1National income statistics264.2Introduction to the circular flow of income254.3Aggregate Demand and Aggregate Supply analysis574.4Economic growth354.5Unemployment534.6Price stability59

5Government macroeconomic intervention (AS Level)4

5.1Government macroeconomic policy objectives105.2Fiscal policy895.3Monetary policy455.4Supply-side policy27

6International economic issues (AS Level)5

6.1The reasons for international trade646.2Protectionism546.3Current account of the balance of payments476.4Exchange rates486.5Policies to correct imbalances in the current account of the balance of payments13

7The price system and the microeconomy (A Level)8

7.1Utility347.2Indifference curves and budget lines457.3Efficiency and market failure337.4Private costs and benefits, externalities and social costs and benefits637.5Types of cost, revenue and profit, short-run and long-run production477.6Different market structures717.7Growth and survival of firms537.8Differing objectives and policies of firms34

8Government microeconomic intervention (A Level)3

8.1Government policies to achieve efficient resource allocation and correct market failure568.2Equity and redistribution of income and wealth178.3Labour market forces and government intervention83

9The macroeconomy (A Level)4

9.1The circular flow of income629.2Economic growth and sustainability319.3Employment/unemployment189.4Money and banking55

10Government macroeconomic intervention (A Level)3

10.1Government macroeconomic policy objectives310.2Links between macroeconomic problems and their interrelatedness3410.3Effectiveness of policy options to meet all macroeconomic objectives13

11International economic issues (A Level)6

11.1Policies to correct disequilibrium in the balance of payments1611.2Exchange rates2211.3Economic development5311.4Characteristics of countries at different levels of development2311.5Relationship between countries at different levels of development3711.6Globalisation11

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