IAL Economics AS (XEC11)Topic Question

1.3 Unit content

1.3.1 Introductory concepts

1.3.2 Consumer behaviour and demand

1.3.3 Supply

1.3.4 Price determination

1.3.5 Market failure

1.3.6 Government intervention in markets

2.3 Unit content

2.3.1 Measures of economic performance

2.3.2 Aggregate demand (AD)

2.3.3 Aggregate supply (AS)

2.3.4 National income

2.3.5 Economic growth

2.3.6 Macroeconomic objectives and policies

3.3 Unit content

3.3.1 Types and sizes of businesses

3.3.2 Revenue, costs and profits

3.3.3 Market structures and contestability

3.3.4 Labour markets

3.3.5 Government intervention

4.3 Unit content

4.3.1 Causes and effects of globalisation

4.3.2 Trade and the global economy

4.3.3 Balance of payments, exchange rates and international competitiveness

4.3.4 Poverty and inequality

4.3.5 The role of the state in the macroeconomy

4.3.6 Growth and development in developing, emerging and developed economies