Business

Scarcity – The Economic Problem (AS/A LEVELS/IB/IAL)

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Scarcity – The Economic Problem Scarcity exists due to a finite amount of resources and unlimited wants. The economic problem stems from the idea that people have unlimited wants but they only have a finite (limited) amount of resources. Consumers, producers and the government have to make choices. When a choice is made there is […]
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Scarcity – The Economic Problem (AS/A LEVELS/IB/IAL)
Symmetric & Asymmetric Information – AS/A LEVELS/IB/IAL

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Exam boards: Edexcel/AQA/OCR/WJEC Level: AS/A LEVELS/IB/IAL Microeconomics
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Exam boards: Edexcel/AQA/OCR/WJEC 
Level: AS/A LEVELS/IB/IAL 
Microeconomics
Employment & Unemployment – AS/A LEVELS/IB/IAL

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Exam boards: Edexcel/AQA/OCR/WJEC Level: AS/A LEVELS/IB/IAL Macroeconomics
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Exam boards: Edexcel/AQA/OCR/WJEC 
Level: AS/A LEVELS/IB/IAL 
Macroeconomics
Economic Growth – Causes/Benefits/Costs – AS/A LEVELS/IB/IAL

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Economic Growth Economic growth can be measured using measures of Real/Gross Domestic Product (GDP). It’s an increase in the productive potential of the economy. It can be shown through an increase in the production possibility frontier (PPF) or an increase in aggregate demand (AD) and aggregate supply (AS). Causes of Economic Growth Economic Growth can […]
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Economic Growth – Causes/Benefits/Costs – AS/A LEVELS/IB/IAL
Supply Side Policies – AS/A LEVELS/IB/IAL

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Edexcel/AQA/OCR/WJEC AS/A LEVELS/IB/IAL Macroeconomics
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Edexcel/AQA/OCR/WJEC 
AS/A LEVELS/IB/IAL 
Macroeconomics
Monetary Policy – AS/A LEVELS/IB/IAL

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Edexcel/AQA/OCR/WJEC AS/A LEVELS/IB/IAL Macroeconomics
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Edexcel/AQA/OCR/WJEC 
AS/A LEVELS/IB/IAL 
Macroeconomics
Demand-Side Policies – AS/A LEVELS/IB/IAL

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Exam Boards: Edexcel/AQA/OCR/WJEC Levels: AS/A LEVELS/IB/IAL Microeconomics Demand side policies impact the aggregate demand (AD) curve.
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Exam Boards: Edexcel/AQA/OCR/WJEC 
Levels: AS/A LEVELS/IB/IAL 
Microeconomics
Demand side policies impact the aggregate demand (AD) curve.
Recession – AS/A LEVELS/IB/IAL

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Edexcel/AQA/OCR/WJEC AS/A LEVELS/IB/IAL Microeconomics
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Edexcel/AQA/OCR/WJEC 
AS/A LEVELS/IB/IAL 
Microeconomics
Gross National Income (GNI) – AS/A LEVELS/IB/IAL

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Edexcel/AQA/OCR/WJEC AS/A LEVELS/IB/IAL Macroeconomics
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Edexcel/AQA/OCR/WJEC 
AS/A LEVELS/IB/IAL 
Macroeconomics
Real vs Nominal Values – AS/A LEVELS/IB/IAL

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Edexcel/AQA/OCR/WJEC AS/A LEVELS/IB/IAL Macroeconomics
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Edexcel/AQA/OCR/WJEC 
AS/A LEVELS/IB/IAL 
Macroeconomics

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