A* level revision tool constructed by a London School of Economics student covering the A Level macroeconomics topic of the domestic economy and microeconomics topics of market failure and price determination in competitive markets
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Demand (types of demand, demand curve - factors that cause movements along and shifts of the demand curve) Supply (law of supply, supply curve - factors that cause movements along and shifts of the supply curve) Equilibrium (excess supply, excess demand, shifts in demand and supply) Price elastic...
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Add to cartDemand (types of demand, demand curve - factors that cause movements along and shifts of the demand curve) Supply (law of supply, supply curve - factors that cause movements along and shifts of the supply curve) Equilibrium (excess supply, excess demand, shifts in demand and supply) Price elastic...
Positive + negative externalities Merit + demerit goods Public + private goods (quasi-public goods) Tragedy of the commons Government failure Government intervention (indirect taxation, subsidies, regulation, state provision, pollution permits, minimum prices, maximum prices) Environmental + ...
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Add to cartPositive + negative externalities Merit + demerit goods Public + private goods (quasi-public goods) Tragedy of the commons Government failure Government intervention (indirect taxation, subsidies, regulation, state provision, pollution permits, minimum prices, maximum prices) Environmental + ...
Macroeconomic objectives Circular flow of income Aggregate demand Aggregate supply Multiplier and accelerator effect Macroeconomic equilibrium Output gaps Economic cycle Economic growth Inflation Fiscal, monetary, and supply-side policies
Preview 3 out of 26 pages
Add to cartMacroeconomic objectives Circular flow of income Aggregate demand Aggregate supply Multiplier and accelerator effect Macroeconomic equilibrium Output gaps Economic cycle Economic growth Inflation Fiscal, monetary, and supply-side policies
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