DESCRIPTION

Take your learners’ studies beyond the coursebook with our new Cambridge International AS & A Level Economics workbook. Ideal for refining skills, this workbook help learners solidify their knowledge and practise what they have learnt, with worked examples and a wide selection of activities.
Contents
FEATURES
- Key skills and scaffolded exam-style activities allow learners to practise what they have learnt in the coursebook
- Worked examples offer step-by-step guidance and are ideal for revision
- Tip boxes and grouped key terms provide extra support for English as a second language learners
- ‘Improve this answer’ activity helps learners develop evaluation skills and understand what a ‘good’ answer looks like
CONTENTS
- How to use this book
- Introduction
- Introducing command words
- Unit 1
- Basic economic ideas and resource allocation (AS Level)
- 1 Scarcity, choice and opportunity cost
- 2 Economic methodology
- 3 Factors of production
- 4 Resource allocation in different economic systems
- 5 Production possibility curves
- 6 Classification of goods and services
- Unit 2
- The price system and the micro economy (AS Level)
- 7 Demand and supply curves
- 8 Price elasticity, income elasticity and cross-elasticities of demand
- 9 Price elasticity of supply
- 10 The interaction of demand and supply
- 11 Consumer and producer surplus
- Unit 3
- Government microeconomic intervention (AS Level)
- 12 Reasons for government interventions in markets
- 13 Methods and effects of government interventions in markets
- 14 Addressing income and wealth inequality
- Unit 4
- The macro economy (AS Level)
- 15 National income statistics
- 16 Introduction to the circular flow of income
- 17 Aggregate demand (AD) and aggregate supply (AS) analysis
- 18 Economic growth
- 19 Unemployment
- 20 Price stability
- Unit 5
- Government macroeconomic intervention (AS Level)
- 21 Government macroeconomic policy objectives
- 22 Fiscal policy
- 23 Monetary policy
- 24 Supply-side policy
- Unit 6
- International economic issues (AS Level)
- 25 The reasons for international trade
- 26 Protectionism
- 27 Current account of the balance of payments
- 28 Exchange rates
- 29 Policies to correct imbalances in the current account of the balance of payments
- Unit 7
- The price system and the micro economy (A Level)
- 30 Utility
- 31 Indifference curves and budget lines
- 32 Efficiency and market failure
- 33 Private costs and benefits, externalities and social costs and benefits
- 34 Types of cost, revenue and profit, short-run and long-run production
- 35 Different market structures
- 36 Growth and survival of firms
- 37 Differing objectives and policies of firms
- Unit 8
- Government microeconomic intervention (A Level)
- 38 Government policies to achieve efficient resource allocation and correct market failure
- 39 Equity and redistribution of income and wealth
- 40 Labour market forces and government intervention
- Unit 9
- The macro economy (A Level)
- 41 The circular flow of income
- 42 Economic growth and sustainability
- 43 Employment and unemployment
- 44 Money and banking
- Unit 10
- Government macroeconomic issues (A Level)
- 45 Government macroeconomic policy objectives
- 46 Links between macroeconomic problems and their interrelatedness
- 47 Effectiveness of policy options to meet all macroeconomic objectives
- Unit 11
- International economic issues (A Level)
- 48 Policies to correct disequilibrium in the balance of payments
- 49 Exchange rates
- 50 Economic development
- 51 Characteristics of countries at different levels of development
- 52 Relationship between countries at different levels of development
- 53 Globalisation
- Acknowledgements.