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Cambridge AS & A Level Economics

AA Level subject content

A Level subject content in Cambridge AS & A Level Economics: what the syllabus expects you to know, the learning objectives and how to practise.
Syllabus section1,147 practice questions52 lessons

Overview

Topics 7-11: A Level only; examined in Papers 3 and 4 (AS content is assumed knowledge and is not the direct focus).

In this topic

Lessons

  • Government failure and evaluating intervention in markets

    55 min

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  • Nationalisation, privatisation and commercialisation of state enterprises

    55 min

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  • Regulation, quotas, tradable permits, property rights and nudges

    60 min

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  • The full balance of payments: current, capital and financial accounts

    50 min

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  • Consumption, saving and investment functions

    60 min

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  • National income determination and inflationary and deflationary gaps

    60 min

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  • The multiplier

    60 min

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  • Utility, diminishing marginal utility and the equi-marginal principle

    50 min

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  • Actual and potential growth, output gaps and the trade cycle

    55 min

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  • Inclusive and sustainable economic growth

    50 min

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  • Poverty, equity and equality: policies and the poverty trap

    60 min

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  • Fixed, managed and floating exchange rate systems

    55 min

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  • Indifference curves, budget lines and the income and substitution effects

    55 min

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  • Links between macroeconomic problems and the Phillips curve

    60 min

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  • Measuring living standards and economic development

    60 min

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  • Effectiveness of macroeconomic policies, policy conflicts and government failure

    60 min

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  • Judging how well markets use resources: the five kinds of efficiency

    50 min

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  • Equilibrium and disequilibrium unemployment, the natural rate, mobility and policies

    55 min

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  • Economic rent, transfer earnings and quasi-rent

    50 min

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  • How wages are determined: competitive markets, unions, minimum wages and monopsony

    55 min

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32 more lessons in this topic. Join to read every lesson, or see what Full access includes.

Sample question

A sample question on this topic. Answer it, check it, then read the worked answer.

A Level subject content: sample question

1 mark

At its third scale a fictional furniture workshop has a total cost of US$12,000 a month and produces 420 units. Calculate the long-run average cost per unit, to the nearest cent.

Complete: US$ …

Only if the answer has a unit, e.g. cm or km/h.

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