Relevant Exam Boards: A-Level (Edexcel, OCR, AQA, Eduqas, WJEC), IB, IAL, CIE Edexcel Economics Notes Directory | AQA Economics Notes Directory | IB Economics Notes Directory Macroeconomic Objectives Definitions: Economic growth is defined as an increase in real GDP over time; whereas GDP refers to the total value of goods/services […]
Yearly Archives: 2020
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Relevant Exam Boards: A-Level (Edexcel, OCR, AQA, Eduqas, WJEC), IB, IAL, CIE Edexcel Economics Notes Directory | AQA Economics Notes Directory | IB Economics Notes Directory Public Goods Definitions: A public good is defined as a good which is non-excludable and non-rivalrous. A good is non-rivalrous if the consumption/use of […]
The new IB Economics syllabus and curriculum for 2020 is listed below, for first assessment in 2022. Y12 students (or new IBDP students) in 2020 will be studying this new syllabus instead of the old one. It is extracted directly from the new, official IB Economics guide published by the […]
Relevant Exam Boards: A-Level (Edexcel, OCR, AQA, Eduqas, WJEC), IB, IAL, CIE Edexcel Economics Notes Directory | AQA Economics Notes Directory | IB Economics Notes Directory Economies of Scale & Long-Run Average Cost (LRAC) Definitions: The LRAC is a a cost curve which shows the average cost per unit of […]
Relevant Exam Boards: A-Level (Edexcel, OCR, AQA, Eduqas, WJEC), IB, IAL, CIE Edexcel Economics Notes Directory | AQA Economics Notes Directory | IB Economics Notes Directory Monopsony Definitions: A pure monopsony is defined as a market where there is only one buyer for a good/service, or labour. Monopsony power occurs […]
Relevant Exam Boards: A-Level (Edexcel, OCR, AQA, Eduqas, WJEC), IB, IAL, CIE Edexcel Economics Notes Directory | AQA Economics Notes Directory | IB Economics Notes Directory Types of Business Objectives and their Definitions: Profit Maximisation is when a business aims to generate the highest earnings possible. This is defined by […]
Many students are unsure of how to write an Economics personal statement as they haven’t written one before. Starting your personal statement can be daunting, but you are not alone! We are here to give some pointers for students wishing to study Economics at university, particularly those applying to UK […]
Many students hesitate about studying Economics at university level because they are worried about the amount of mathematics involved. This article aims to give you some ideas on: How much Maths is there in an Economics course How is Maths Used in an Undergraduate Economics Degree How to Choose an […]
Download the Economics A-Level Specification for Edexcel, AQA, OCR, IAL, CIE, Eduqas and WJEC exam boards below, including their AS Level. The syllabus and curriculum of each course is also included in the specification document. Please note that due to various syllabus changes, we have listed the most recent version […]
Please see the AQA A-Level Economics syllabus and curriculum below, extracted directly from the AQA A-Level specification for 2015 onwards. You can download the AS Level syllabus instead if you are studying in year 12. Jump to: Microeconomics | Macroeconomics Relevant resources: Visit our AQA Economics notes & questions by […]
Please see the Economics A-Level syllabus and curriculum for the Edexcel exam board below, extracted directly from the Edexcel A-Level specification for 2015 onwards. Please note that for the AS Level syllabus, only Theme 1 and Theme 2 are required. Jump to a specific section: Theme 1 (Year 1 Micro) […]
Exam Boards: Edexcel, OCR, AQA, Eduqas, WJEC Edexcel Economics Past Papers | AQA Economics Past Papers | OCR Economics Past Papers Download 2019 Economics Past Papers for your corresponding exam board below, or use the links above for a specific exam board. Also have a look at our A-Level Economics […]
Download Edexcel Economics mark scheme for A2 and AS below, including the old specification and specimen papers for your exam practice or marking. All papers – Paper 1 (Microeconomics), Paper 2 (Macroeconomics) and Paper 3 (Synoptic) are listed by year. Relevant resources: Download Edexcel A2 Economics past papers for students […]
Download OCR AS Economics past papers for Paper 1 (Microeconomics) and Paper 2 (Macroeconomics) from 2016 to 2018 below for your exam practice. OCR A2 Economics past papers is available for students studying Economics in the second year of their sixth form. Also have look at our Economics notes & […]
Download A2 OCR Economics past papers for Paper 1 (Microeconomics), Paper 2 (Macroeconomics) and Paper 3 (Themes in Economics) for 2017 and 2018 below, including the sample assessment materials for your exam practice. OCR AS Economics past papers is available for students studying Economics in the first year of their […]
Download A-Level Economics Model Answers for Edexcel past papers below for A2 and AS. These candidate responses were extracted from Edexcel exam board’s examiners’ reports and were graded by Edexcel examiners. All new specification Economics papers and their model answers are now available including Paper 1 (Microeconomics), Paper 2 (Macroeconomics) […]
Relevant Exam Boards: A-Level (Edexcel, OCR, AQA, Eduqas, WJEC), IB, IAL, CIE Edexcel Economics Notes Directory | AQA Economics Notes Directory | IB Economics Notes Directory Phillips Curve Definition: The Short-Run Phillips Curve (SRPC) shows the trade-off relationship between inflation and unemployment. The long-run Phillips Curve represents the natural rate […]
Relevant Exam Boards: A-Level (Edexcel, OCR, AQA, Eduqas, WJEC), IB, IAL, CIE Edexcel Economics Notes Directory | AQA Economics Notes Directory | IB Economics Notes Directory Profit Maximization Definition: Profit Maximization is defined as producing at the quantity where a firm’s marginal cost equals marginal revenues i.e. MC = MR. […]
Relevant Exam Boards: A-Level (Edexcel, OCR, AQA, Eduqas, WJEC), IB, IAL, CIE Edexcel Economics Notes Directory | AQA Economics Notes Directory | IB Economics Notes Directory Revenues Formulas & Definitions: Total Revenue (TR) is the total value of sales earnings a firm receives in a given time period. Total Revenue […]
Relevant Exam Boards: A-Level (Edexcel, OCR, AQA, Eduqas, WJEC), IB, IAL, CIE Edexcel Economics Notes Directory | AQA Economics Notes Directory | IB Economics Notes Directory Price Controls Definition: Price Controls are a type of government intervention in markets to change the existing market price, by imposing a maximum price […]
Relevant Exam Boards: A-Level (Edexcel, OCR, AQA, Eduqas, WJEC), IB, IAL, CIE Edexcel Economics Notes Directory | AQA Economics Notes Directory | IB Economics Notes Directory The Multiplier Effect Definition: The Multiplier Effect suggests that an injection into the circular flow of income (or AD) leads to a larger than […]
Relevant Exam Boards: A-Level (Edexcel, OCR, AQA, Eduqas, WJEC), IB, IAL, CIE Edexcel Economics Notes Directory | AQA Economics Notes Directory | IB Economics Notes Directory Subsidies Definition: Subsidies are government funds given to producers to help increase production and consumption of a good, by reducing their production costs. Subsidies […]
Relevant Exam Boards: A-Level (Edexcel, OCR, AQA, Eduqas, WJEC), IB, IAL, CIE Edexcel Economics Notes Directory | AQA Economics Notes Directory | IB Economics Notes Directory Consumer/Producer Surplus Definition: – Consumer surplus is the gain from buying a good at the market price, compared to the higher price which the […]
Download AQA AS Economics past papers for Paper 1 (Microeconomics) and Paper 2 (Macroeconomics) from 2017 to 2019 below. AQA A2 Economics past papers is available for students studying Economics in the second year of their sixth form. Also have look at our AQA Economics notes & questions by topic, […]
Download Edexcel AS Economics past papers for Paper 1 (Microeconomics) and Paper 2 (Macroeconomics) from 2015 to 2018 below, including the old specification for your exam practice. Relevant resources: Download Edexcel A2 Economics past papers for students studying A2 Economics in their second year. Download Model Answers for Edexcel Past […]
Relevant Exam Boards: A-Level (Edexcel, OCR, AQA, Eduqas, WJEC), IB, IAL, CIE Edexcel Economics Notes Directory | AQA Economics Notes Directory | IB Economics Notes Directory Fiscal Policy Definition: Fiscal policy occurs when the government uses government spending or taxation to change the amount of aggregate demand (AD) and national […]
Relevant Exam Boards: A-Level (Edexcel, OCR, AQA, Eduqas, WJEC), IB, IAL, CIE Edexcel Economics Notes Directory | AQA Economics Notes Directory | IB Economics Notes Directory Monetary Policy Definition: – Monetary policy occurs when the government uses interest rates or money supply to change the level of aggregate demand (AD) […]
Relevant Exam Boards: A-Level (Edexcel, OCR, AQA, Eduqas, WJEC), IB, IAL, CIE Edexcel Economics Notes Directory | AQA Economics Notes Directory | IB Economics Notes Directory Supply-Side Policy Definition: – Supply-side policies increase aggregate supply of the economy by increasing economic productivity or improving market efficiency. – Market-based supply-side policies […]