Cambridge International AS & A Level Economics Exam Preparation and Practice with Digital Access (2 Years)

Overview Designed to increase your confidence, help you recognise different question types, understand connections between concepts, reflect on progress and manage test anxiety. A wealth of questions and activities improve your ability to recall knowledge and answer effectively. Your awareness and familiarity with exam language is increased by the focus on command words, time management, and the marks breakdown within and across exam papers. Self-assessment checklists and sample answers also help to deepen learning. Includes digital access and over 400 auto-marked questions and past-paper question practice. All other answers available via Cambridge GO. This text has not been through the endorsement process for the Cambridge Pathway. Any references or materials related to answers, grades, papers or examinations are based on the opinion of the author(s). The Cambridge International Education syllabus or curriculum framework associated assessment guidance material and specimen papers should always be referred to for definitive guidance. Features A variety of case studies put theory into real-life contexts and give you the opportunity to apply your knowledge and skills. Build useful exam skills through active learning and focusing on questions rather than content summaries. Recognise effective learning techniques to become a critical thinker and apply your knowledge beyond the exam. Learn key command words, the variety of question types, how your time should be distributed throughout the exam paper, and how the marks breakdown within and across exam papers. ‘Reflection on progress’ opportunities and self-assessment checklists help you to process your own learning. ‘Knowledge recall’ questions help you consolidate your learning. Learn to recognise connections between concepts and present these connections clearly. The past paper question practice sections give you opportunities to draw your knowledge of several topics together. Contents Contents How to use this series How to use this book Exam skills framework Introduction 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 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 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 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 5 Government macroeconomic intervention (AS Level) 21 Government macroeconomic policy objectives 22 Fiscal policy 23 Monetary policy 24 Supply-side policy 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 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 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 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 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 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 Glossary Appendix Index.