Business

Specialisation & Trade – AS/A LEVELS/IB/IAL

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Level: AS Levels, A Level, GCSE – Exam Boards: Edexcel, AQA, OCR, WJEC, IB, Eduqas – Economics Revision Notes  Specialisation and Division of Labour Division of labour – the work is split into smaller tasks due to workers specialising in a specific skill Adam Smith’s Theory – ‘The wealth of Nations’ proposed that economic growth […]
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Specialisation & Trade – AS/A LEVELS/IB/IAL
Globalisation

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Exam Boards: Edexcel, AQA, WJEC, CIE, OCR         Level: AS/A LEVELS/IB/IAL Globalisation  Globalisation refers to countries becoming more closely integrated economically, socially and culturally.  Characteristics of globalisation Increased trade as a proportion of world GDP Increased foreign direct investment (FDI) Increased capital flows between countries. Increased movement of people between countries What are capital […]
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Globalisation
Monopoly

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Level: AS Levels, A Level, GCSE – Exam Boards: Edexcel, AQA, OCR, WJEC, IB, Eduqas – Economics Revision Notes  Monopoly A monopoly exists when a firm dominates a market. A monopoly is defined as a firm with 25% or more market share in a particular industry. Characteristics of a Monopoly: One firm dominates the market. High […]
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Monopoly
Monopolistic Competition

2000

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Monopolistic Competition Monopolistic competition is similar to perfect competition. However all the products they sell are slightly differentitated. Due to this firms in monopolistic competition have a downward sloping demand curve and are able to set price. Example Hairdressers – All hairdressers differentiate themselves through the price, quality and experience they provide to customers. Restaurants […]
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Monopolistic Competition
Oligopoly

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Level: AS Levels, A Level, GCSE – Exam Boards: Edexcel, AQA, OCR, WJEC, IB, Eduqas – Economics Revision Notes  Oligopoly Oligopoly market structure exists where there are a small number of large firms dominating the market. Examples: Supermarkets Retail banks Mobile phone networks  Characteristics of Oligopoly market structure High concentration ratio High barriers to entry Firms […]
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Oligopoly
Scarcity – The Economic Problem (AS/A LEVELS/IB/IAL)

981

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Level: AS Levels, A Level, GCSE – Exam Boards: Edexcel, AQA, OCR, WJEC, IB, Eduqas – Economics Revision Notes  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 […]
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Scarcity – The Economic Problem (AS/A LEVELS/IB/IAL)
Symmetric & Asymmetric Information – AS/A LEVELS/IB/IAL

5485

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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

799

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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

829

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Level: AS Levels, A Level, GCSE – Exam Boards: Edexcel, AQA, OCR, WJEC, IB, Eduqas – Economics Revision Notes  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) […]
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Economic Growth – Causes/Benefits/Costs – AS/A LEVELS/IB/IAL
Supply Side Policies

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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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