Publication Date: January 2009, revised March 2012 Jim Keefe and Peter Cramp have produced a new AS Level Revision Guide which conforms to the new syllabus changes. Divided into Micro and Macro it covers all the requirements of the major examining boards: AQA, OCR and EDEXCEL. Contents are as follows: Unit 1 Microeconomics Introduction to Economics Production & economies of scale Demand & supply analysis Elasticity The price mechanism Market failure – monopoly Market failure – externalities, merit & demerit goods, public goods Market failure – imperfect competition, immobility of resources, unstable commodity prices, lack of equity Government intervention - indirect taxes,subsidies, state provision Government intervention – price controls and buffer stocks Government intervention – regulation, extending property rights, tradable pollution permits Government failure Wages & the national minimum wage Unit 2 Macroeconomics Macroeconomic Indicators Living standards & economic development The circular flow of income & aggregate demand Aggregate supply & macroeconomic equilibrium Consumption, saving & investment Economic growth Unemployment Inflation The current account of the balance of payments International trade & exchange rates Fiscal Policy Monetary Policy Supply side policies This book covers all the requirements of the major examining boards: AQA, OCR and EDEXCEL.
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