Cambridge AS & A Level Economics
ASAS Level subject content
Overview
Topics 1-6: studied by all candidates; examined in Papers 1 and 2 and assumed knowledge for Papers 3 and 4.
In this topic
Lessons
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Demand: the demand curve, its determinants and shifts
45 min
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Supply: the supply curve, its determinants and shifts
40 min
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Macroeconomic policy objectives
50 min
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National income statistics: GDP, GNI and NNI and their measurement
60 min
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Market failure: why markets misallocate resources and why governments intervene
55 min
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Scarcity, choice and opportunity cost
40 min
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Absolute and comparative advantage
55 min
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Terms of trade
45 min
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The case for and against free trade
55 min
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Economics as a social science: models, positive and normative statements and time periods
35 min
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Fiscal policy: the budget, national debt and expansionary and contractionary policy
55 min
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Taxation: types, rates and reasons
50 min
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The circular flow of income: injections, leakages and equilibrium
50 min
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Direct provision by government and the provision of information
55 min
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Indirect taxes and subsidies: impact and incidence
50 min
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Maximum and minimum prices and buffer stock schemes
50 min
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Income elasticity and cross elasticity of demand
40 min
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PED, total revenue and pricing decisions
45 min
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Price elasticity of demand: measuring and interpreting responsiveness
45 min
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Protectionism: tools, impacts and arguments
55 min
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Sample question
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