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Revision notes
A Level
Economics
Edexcel
Application Questions - Role of the State

Application Questions - Role of the State

Economics: Edexcel A A Level, topic 8.4.5

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Previous topic8.4.4 End of Topic Test - Role of the State Next topic9.1.1 Global Debt & Deficit Policies

Economics: Edexcel A A Level contents

1 Introduction to Markets
- 1.1 Nature of Economics
  1.1.1 Economics as a Social Science
  1.1.2 Positive & Normative Economic Statements
  1.1.3 The Economic Problem
  1.1.4 Resources
  1.1.5 Production Possibility Frontiers
  1.1.6 Specialisation & Division of Labour
  1.1.7 Types of Economies
  1.1.8 End of Topic Test - Nature of Economics
  1.1.9 Application Questions - Nature of Economics
- 1.2 How Markets Work
  1.2.1 Rational Decision Making
  1.2.2 Demand
  1.2.3 Elasticities of Demand
  1.2.4 Elasticities of Demand 2
  1.2.5 Elasticity & Revenue
  1.2.6 Supply
  1.2.7 Elasticity of Supply
  1.2.8 Price Determination
  1.2.9 Price Mechanism
  1.2.10 Consumer & Producer Surplus
  1.2.11 Indirect Taxes & Subsidies
  1.2.12 A-A* (AO3/4) - Taxing Prices or Quantities?
  1.2.13 Alternative View of Consumer Behaviour
  1.2.14 End of Topic Test - Markets
  1.2.15 A-A* (AO3/4) - Markets
2 Market Failure
- 2.1 Market Failure
  2.1.1 Types of Market Failure
  2.1.2 Externalities
  2.1.3 The Deadweight Welfare Loss of Externalities
  2.1.4 A-A* (AO3/4) - The Externalities of Education
  2.1.5 Public Goods
  2.1.6 Information Gaps
  2.1.7 End of Topic Test - Market Failure
  2.1.8 Application Questions - Market Failure
- 2.2 Government Intervention
  2.2.1 Government Intervention in Markets
  2.2.2 Subsidies & Price Controls
  2.2.3 Pollution Permits & Regulation
  2.2.4 A-A* (AO3/4) - European Emissions Trading
  2.2.5 State Provision & Information Provision
  2.2.6 Government Failure
  2.2.7 End of Topic Test - Government Intervention
  2.2.8 A-A* (AO3/4) - Government Intervention
3 The UK Macroeconomy
4 The UK Economy - Policies
- 4.1 Macroeconomic Objectives & Policies
  4.1.1 Possible Objectives
  4.1.2 Demand-Side Policies - Monetary
  4.1.3 Demand-Side Policies - Monetary 2
  4.1.4 A-A* (AO3/4) - The Future of Interest Rates
  4.1.5 Demand-Side Policies - Fiscal
  4.1.6 Demand-Side Policies in 2007-08
  4.1.7 Strengths & Weaknesses of Demand Side
  4.1.8 Supply-Side Policies
  4.1.9 Supply-Side Policies 2
  4.1.10 Conflicts Between Objectives
  4.1.11 A-A* (AO3/4) - Conflicting Incentives
  4.1.12 Phillips Curve
  4.1.13 End of Topic Topic - Policies & Objectives
  4.1.14 Application Questions - UK Policies
5 Business Behaviour
- 5.1 Business Growth
  5.1.1 Size & Types of Firms
  5.1.2 Business Growth
  5.1.3 Pros & Cons of External Expansion
  5.1.4 Demergers
  5.1.5 End of Topic Test - Business Growth
  5.1.6 A-A* (AO3/4) - Business Growth
- 5.2 Business Objectives
  5.2.1 Business Objectives
  5.2.2 End of Topic Test - Business Objectives
  5.2.3 Application Questions - Business Objectives
- 5.3 Revenues, Costs & Profits
  5.3.1 Revenue
  5.3.2 Costs
  5.3.3 Economies & Diseconomies of Scale
  5.3.4 Profits
  5.3.5 Profits 2
  5.3.6 End of Topic Test - Revenue, Costs & Profits
  5.3.7 A-A* (AO3/4) - Revenue, Costs & Profit
6 Market Structures
7 A Global Perspective
- 7.1 International Economics - Globalisation & Trade
  7.1.1 Globalisation
  7.1.2 Globalisation for LEDCs
  7.1.3 Globalisation for MEDCs
  7.1.4 Specialisation & Trade
  7.1.5 Pattern of Trade
  7.1.6 Terms of Trade
  7.1.7 Trading Blocs
  7.1.8 UK, EU & WTO
  7.1.9 End of Topic Test - Globalisation & Trade
  7.1.10 A-A* (AO3/4) - Globalisation & Trade
- 7.2 International Economics - Currency
  7.2.1 Merged Currency
  7.2.2 Restrictions on Free Trade
  7.2.3 Arguments for Protectionism
  7.2.4 Arguments Against Protectionism
  7.2.5 Balance of Payments
  7.2.6 Balance of Payments 2
  7.2.7 Floating Exchange Rates
  7.2.8 Fixed Exchange Rate
  7.2.9 International Competitiveness
  7.2.10 End of Topic Test - International Economy
  7.2.11 Application Questions - International Economics
8 Finance & Inequality
9 Examples of Global Policy
- 9.1 International Policies
  9.1.1 Global Debt & Deficit Policies
  9.1.2 Poverty & Inequality Policies
  9.1.3 Changes in Interest Rates
  9.1.4 Competitiveness Policies
  9.1.5 End of Topic Test - International Policies
  9.1.6 A-A* (AO3/4) - International Policies
- 9.2 Policy Responses to Shocks
  9.2.1 International Tax Policies
  9.2.2 Problems for Policymakers
  9.2.3 End of Topic Test - Policy Responses
  9.2.4 Application Questions - Policy Responses

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