Pearson Edexcel • Economics

These are my notes for IAL edexcel economics unit 2 - Macroeconomic performance and policy. They helped me to get not just an A for unit 2, but also FULL UMS!!!! The notes are provided as per the recent specification. I have included graphs, formulae, calculations and EVALUATION FOR COMMON ESSAYS in the exam. The credit goes to my teacher Mashur M Alam for providing most of these excellent notes. I smashed my exam for unit 2 with these notes! Good luck!

This document has detailed revision notes for International A level Economics Unit 1 - Markets in Action. These notes helped me achieve an A in Unit 1. I have included exam-style notes for topics such as externalities, government intervention, government failure, moral hazard, price/income/cross elasticity of supply, consumer and producer surplus, the role of financial markets, economic systems, demand, supply, market equilibrium, market bubbles, imperfect market information, non-provision of...

Comprehensive revision notes covering the entirety of Theme 2 of A Level Economics, including AD, SRAS, LRAS, economic growth, fiscal and monetary policy, employment and unemployment, graphs, output gaps, marginal propensity and inflation.

Comprehensive revision notes on Economics A Level Theme 1. Covering topics including supply, demand, elasticities and government and market failure.

A summary of: - Key definitions - Negative externalities of production and diagram - Positive externalities of consumption and diagram - Merit and demerit goods with diagrams - Asymmetric information with a diagram - Information gaps - How economists value externalities

A summary of: - characteristics of public goods - free rider problem - Tragedy of the Commons - Advantages & disadvantages of state provision

A summary of: - Economics as a social science - Functions of money - Assumptions and models - Factors of production & Economic agents - Specialisation and the Division of labour. - Types of economies

A summary of: - Subsidies with diagrams - Maximum and minimum prices - Regulations With pros and cons for all

A summary of: - Causes of government failure - Diagrammatic analysis

A summary of: - Different types of indirect taxes - How indirect taxes can be used to correct negative externalities of production. - Advantages and disadvantages of using indirect taxes