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A Level Economics B Edexcel
– Revision Content
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A Level Economics B Edexcel
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A Level Economics B Edexcel
– Topics
B: Making Markets Work
The Role of the Financial Sector
The Role of the Central Bank
The Impact of Macroeconomic Policies
The Global Financial Crisis
The AD / AS model
Supply-Side Policies
Risks and Uncertainty
Policies to Deal with Market Failure
Demand-Side Policies
Spectrum of Competiton
Productive and Allocative Efficiency
Oligopoly
Market Failure
Market Failure in Society
Externalities
Business Regulation
Business Objectives and Pricing Decisions
Barriers to Entry
Arguments for and Against Regulation
B: the Global Economy
Trading Blocs
Trade Policy
Trade and Growth
Social and Cultural Differences
Impact of MNCs
Growing Economies
Global Marketing
Exchange Rate Changes
Ethical Issues
Controlling MNCs
Conditions That Prompt Trade
Assessing the Potential of Different Economies
Markets, Consumers and Firms
Factors of production and specialisation
Understanding the Consumer & Competition
Types of Credit & Impact on the Economy
The Wider Economic Environment
Role of Banks in the Economy
Risk and Liability
Profit, Loss, Survival and Cashflow
Price Mechanism
Market Failure & Externalities
Government Intervention & Failure
Demand and Supply
Conditional Influences
Calculating Revenues and Costs
Business Market Strategy
Role of an Entrepreneur
Entrepreneurial motives
Scarcity, Basic Economic Problem
Relationship Between Revenue and Costs
Corporate Social Responsibility, Stakeholders
Business Objectives
The Wider Economic Environment
Types of Non-Price Competition
The Economic Cycle
Productivity & Capacity Utilisation
Price Elasticity of Demand
Potential Policy Conflicts and Trade-Offs
Possible Macroeconomic Objectives
Policy Instruments
International Trade
Inflation and Unemployment
Income Elasticity of Demand
How Small Firms Compete
Globalisation
Exchange Rates
Efficiency and competitiveness using lean production
Developed, Emerging and Developing Economies
Competing on Price
Circular Flow of Income, Expenditure and Output
Research and Development (R & D) and Innovation
Methods of growth
How the Digital Economy Affects Markets and Firms
Growth