AS Economics

By Qasim Shamim Categories: AS Levels
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About Course

About the Course

Cambridge International A-levels Economics course is designed to familiarize students with concepts explaining how modern economies operate.  

The study of Cambridge International AS & A Level Economics allows learners to explore concepts and theories which can be applied to the way that modern economies work. 

Cambridge learners develop the ability to explain, evaluate and analyse economic issues and arguments. They gain lifelong skills and a solid foundation for further study. 

 

About the syllabus 

Through the Cambridge International AS and A Level Economics syllabus, learners study how to explain and analyse economic issues and arguments, evaluate economic information, and organise, present and communicate ideas and judgements clearly. 

The syllabus covers a range of basic economic ideas, including an introduction to the price system and government intervention, international trade and exchange rates, the measurement of employment and inflation, and the causes and consequences of inflation. 

Learners also study the price system, the theory of the firm, market failure, macroeconomic theory and policy, and economic growth and development. 

 

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What Will You Learn?

  • This course is for students who wish to satisfy their curiosity about how modern economies work and/or those who wish to study economics at higher levels.

Course Content

Unit 1: Basic Economic Ideas and Resource Allocation

Topic 1.3: c) Resource allocation in different economic systems and issues of transition

Topic 1.4: d) Production possibility curves

Topic 1.5: e) Money

Unit: 2 The price system and the micro economy

Topic 2.2: b) Price elasticity, income elasticity and cross-elasticities of demand

Topic 2.3: c) Price elasticity of supply

2.4: d) Consumer and producer surplus

Unit: 3 Government Microeconomic Intervention

Topic: 3.2 b) Taxes (direct and indirect)

Topic 3.3: c) Subsidies

Topic: 3.5 e) Nationalisation and privatisation

Topic 4.1: a) Aggregate Demand (AD) and Aggregate Supply (AS) analysis

Topic 4.2 : Inflation

Topic 4.3: c) Balance of payments

Topic 4.4: d) Exchange rates

Topic 4.5: e) The terms of trade

Topic 4.6: f) Principles of absolute and comparative advantage

Topic 4.7: g) Protectionism

Unit 5: Government macroeconomic intervention

Topic 5.2: b) Policies to correct balance of payments disequilibrium

5.3 c) Policies to correct inflation and deflation

Past Paper Practice

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