Revision Guide A Level Economics Year 2

Searchable digital version of Peter Cramp’s revision guide to A Level Economics Year 1.

Each chapter in the Microeconomics section is fits into part of the structure of Micro as a subject: Introductory concepts, Markets generally work well, Sometimes markets fail, This may justify government intervention, Government failure sometimes occurs.  This structure is included in the header to each chapter and is highlighted to show where the chapter fits into this structure.

The microeconomic chapters are: Costs and revenue, Efficiency and equity, Profit and objectives of the firm, Perfect competition, Monopoly and monopsony, Monopolistic competition, Oligopoly, Contestable markets, Privatisation, deregulation and internal markets, Competition policy, Market failure and government intervention, Individual decision making and behavioural economics, Wage determination, Trade unions and monopsony employers, Income, wealth and poverty, Theory of the firm summary.

Each chapter in the Macroeconomics section is fits into part of the structure of Macro as a subject: Measuring the economy, How the macroeconomy works, Macroeconomic performance, International trade, Macroeconomic policy tools. This structure is included in the header to each chapter and is highlighted to show where the chapter fits into this structure.

The macroeconomic chapters are: Living standards, development and sustainability, Classical, Keynesian and Austrian Economics, Economic growth and the business cycle, Unemployment, inflation and deflation, Fiscal policy, financial markets and the role of banks, Central banks and monetary policy, Supply-side policy, Trade, comparative advantage and protectionism, Globalisation and competitiveness, Trading blocs and international organisations, exchange rates, The balance of payments, Limits to growth and development, Promoting growth and development.

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