MARKETS
- Micro-economics
  What is economics?
  Exchange
  
  The economic problem
  
  Production possibility frontiers
  
  Economic growth
  
  Economic systems
  
  Market analysis
  
  Competitive markets
  
  Rationing, incentives, and signalling
  Consumer demand
  - Demand curves
  - Shifts in demand
  Demand and income
  Producer supply
  - Supply curves
  - Shifts in supply
  Market equilibrium
  
  Non-market price
  
  Consumer and producer surplusElasticity
  
  Price elasticity of demand
  
  Cross elasticity of demand
  
  Income elasticity of demand
  
  Price elasticity of supply
  Markets
  The housing market
  - House price trends
  Financial markets
  The labour market
  
  Primary markets
  
  The oil market
  Food prices
  - Food prices
  - Commodity agreements
  Transition economies
  
  Evaluation of market systems
  
  Questions
  Multiple choice
  Demand and supply
  Elasticity
  Markets
MARKET FAILURES
- Introduction
  
  Introduction
  
  Types of market failure
  
  Inefficiency
  
  Cost Benefit Analysis (CBA)
  
  Missing markets
  Incomplete markets
  
  Incomplete markets
  Merit goods
  
  Higher education
  
  Healthcare
  
  Externalities
  
  Negative externalities
  
  Pollution
  
  Lack of property rights
  
  Information failure
  
  Information failure
  
  Moral hazard
  
  Unstable markets
  Unstable markets
  
  Price stabilisation schemes
  Government failure
  
  Government failure
  
  Labour market failures
  
  Labour market failures
  
  National minimum wage
  
  Unequal distribution of income
  
  Skills gaps and immobility
  Cases
  
  Depletion of fish stocks
  
  Public transport subsidies
  
  Road congestion
  Questions
  
  Cost benefit analysis
  
  Missing markets
  Externalities
  Information failure
  
  Commodities
  
  Congestion
  
  Inequality
  
  Government failure
THE NATIONAL ECONOMY
- Macro-economics
  
  What is macro-economics?
  
  Measuring performance
  
  National income
  National income
  
  Circular flow of income
  
  Income, wealth, and liquidity
  
  Aggregate demand
  Aggregate demand
  
  Household spending
  
  Investment
  
  The public sector
  
  International trade
  
  Savings
  
  Aggregate supply
  
  Aggregate supply
  Equilibrium
  Equilibrium
  - What is equilibrium national income?
  - Different perspectives on equilibrium
  Demand-side shocks
  
  Multiplier effects
  
  Supply-side shocks
  
  Policy objectives
  Policy objectives
  Introduction
  
  Sustainable growth
  
  Development
  
  Stable prices
  Full employment
  - Employment
  Balance of payments
  Macro-economic problems
  
  Inflation and deflation
  Unemployment
  Inequality
  
  Poverty
  Policies
  Policy instruments
  
  Fiscal policy
  Monetary policy
  Exchange rate policy
  
  Productivity
  
  Supply-side policy
  
  Policies to reduce poverty
  
  Welfare reform
  Policy conflicts
  - What are policy conflicts?
  - The Phillips Curve
  Applying the AD-AS Model
  
  Questions
  Use of AD-AS
  Investment
  Growth
  Economic problems
  Economic policies
  Multiple choice
BUSINESS ECONOMICS
- Nature of business
  
  Introduction
  
  Enterprise
  
  Business motives
  
  Production and profits
  
  Sales revenue
  
  Principles of production
  Costs
  - Types of production cost
  - The short run supply curve
  Profits
  - Types of profit
  - Profit maximisation
  Revenue and sales maximisation
  
  Efficiency
  
  The long run
  
  The long run
  
  Economies of scale
  
  Diseconomies of scale
  
  Market structures
  
  Introduction to market structures
  
  Perfect competition
  
  Monopolistic competition
  
  Oligopoly
  Revision presentations Pricing options
  
  Monopoly
  
  Characteristics of monopoly
  
  Complex monopoly
  
  Natural monopoly
  
  Cartels
  
  Price discrimination
  Game theory
  
  Game theory
  
  What is a game?
  
  Pay-off matrices
  
  Prisoner's dilemma
  
  Nash equilibrium
  Monopsony
  
  Competition in labour markets Monopsonies
  
  Monopsony diagram
  
  Contestability
  Contestable markets
  
  Barriers to entry
  
  Barriers to exit
  
  Competition policy
  
  Mergers
  
  Regulation
  
  UK Competition Policy
  
  European Competition Policy
  
  Bank regulation
  
  Nationalisation
  
  Evaluation
  
  Cases
  Utilities
  Oligopolies
  Questions
  Multiple choice
  - Quiz
  Data response
THE GLOBAL ECONOMY
- The global economy
  Introduction
  
  Trade
  Why do countries trade?
  
  Comparative advantage
  
  Patterns of trade
  
  Globalisation
  
  What is globalisation?
  
  Global shocks
  
  FDI
  
  Free trade
  
  World Trade Organisation
  Protectionism
  
  What is protectionism?
  Trading blocs
  - Trade creation and trade distortion
  - CAP
  Economic Integration
  
  Case Study
  
  Trade problems and policies
  
  Balance of payments
  
  Trade problems and policies
  
  Trade problems
  
  Deficits
  
  Deflation
  Devaluation
  Direct controls
  
  Supply-side policy
  Exchange rates
  Currencies
  - Exchange rates
  - Monetary union
  Terms of trade
  
  Competitiveness
  
  Competitiveness
  
  Price and non-price competitiveness
  
  Policies to improve competitiveness
  
  Development
  Economic development
  Development theories
  Policies to promote development
  
  Growth and welfare
  
  Statistical limitations
  
  Measures of economic welfare
  
  Costs of growth
  
  Policies to promote stable growth
  
  Economic problems
  Unemployment
  
  Inflation
  
  Deflation
  
  Fiscal policy
  Fiscal policy
  
  Government spending
  
  Fiscal stabilisers
  Monetary policy
  Monetary policy
  
  Interest rates
  
  Quantitative easing
  
  EU monetary policy
  
  Exchange rate policy
  
  Supply side policy
  
  Supply-side policy
  
  Labour market flexibility
  
  Policy conflicts
  
  Economic conflicts
  
  Types of conflict
  
  The Phillips Curve
  
  Financial crisis
  
  The Financial Crisis
  
  Tobin Taxes
  
  Questions
  Globalisation
  
  Trade
  Tariffs
  
  Trading blocs
  
  CAP
  
  Competitiveness
  
  Global shocks
  
  Economics growth
  
  Economic conflicts
EXAM BOARDS
RESOURCES
- For Students
- Muliple Choice Tests
- Textbooks and eBooks
- Revision notes and PowerPoints
- For Schools and Colleges
- Muliple Choice Tests
- Textbooks and eBooks
- Revision notes and PowerPoints
GLOSSARY
NEWSDESK
UPDATES
- Growth
  
  National income (GDP)
  
  Prices
  
  CPI inflation
  
  RPI inflation
  
  Food prices
  
  Petrol prices
  
  Labour market
  
  Unemployment (adult)
  
  EU Unemployment (adult)
  
  Unemployment (youth)
  
  Unemployment (long term)
  
  Underemployment
  
  Employment
  
  Productivity
  
  Earnings
  
  Inequality
  
  Money and interest rates
  
  Money supply
  
  Interest rates
  
  Quantitative easing (QE)
  
  Housing market
  
  House prices
  
  Affordability
  
  Mortgage lending
  
  Investment
  
  Investment
  
  Trade
  
  Current account
  
  Sterling index
  
  EU trade
  
  Public sector
  
  UK Current Public finances
  
  UK Public spending
  
  UK Public debt
  
  Euro27 public debt
  
  EU Budget
  
  Savings
  
  Savings ratio
  
  Environment
  
  CO2 emissions
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