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Revision Notes
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LATEST
Definition Bank
Diagram Bank
Section 1: The Basic Economic Problem
1.1 The Nature of the Economic Problem
1.2 Factors of Production
1.3 Opportunity Cost
1.4 Production Possibility Curves
Section 2: The Allocation of Resources
2.1 Microeconomics and Macroeconomics
2.2 The Role of Markets in Allocating Resources
2.3 Demand
2.4 Supply
2.5 Price Determination
2.6 Price Changes
2.7 Price Elasticity of Demand
2.8 Price Elasticity of Supply
2.9 Market Economic System
2.10 Market Failure
2.11 Mixed Economic System
Section 3: Microeconomic Decision Makers
3.1 Money and Banking
3.2 Households
3.3 Workers
3.4 Trade Unions
3.5 Firms
3.6 Firms and Production
3.7 Firms, Costs, Revenue and Objectives
3.8 Market Structure
Section 4: Government and the Macroeconomy
4.1 The Role of Government
4.2 The Macroeconomic Aims of Government
4.3 Fiscal Policy
4.4 Monetary Policy
4.5 Supply-side Policies
4.6 Economic Growth
4.7 Employment and Unemployment
4.8 Inflation and Deflation
Section 5: Economic Development
5.1 Living Standards
5.2 Poverty
5.3 Population
5.4 Differences in Economic Development Between Countries
Section 6: International Trade and Globalisation
6.1 International Specialisation
6.2 Free Trade and Protection
6.3 Foreign Exchange Rates
6.4 Current Account of Balance of Payments
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