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Edexcel Economics - A Level Study Notes

Last updated 12 Jul 2024

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This collection brings together study notes linked to the Edexcel Economics Specification.

Theme 1 Microeconomics

1.1.1 Economics as a Social Science (Edexcel)

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1.1.3 The Economic Problem (Edexcel)

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1.1.2 Positive and Normative Economic Statements (Edexcel)

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1.1.6 Free Market Economies, Mixed Economy and Command Economy

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1.1.5 Specialisation and the Division of Labour (Edexcel)

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1.1.4 Production Possibility Frontiers (Edexcel)

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1.2.3 Price, Income and Cross Elasticities of Demand (Edexcel)

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1.2.2 Demand (Edexcel)

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1.2.1 Rational Decision Making (Edexcel)

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1.2.4 Supply (Edexcel)

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1.2.5 Price Elasticity of Supply (Edexcel)

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1.2.8 Consumer and Producer Surplus (Edexcel)

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1.2.7 Price Mechanism (Edexcel)

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1.2.10 Alternative Views of Consumer Behaviour (Edexcel)

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1.3.4 Information Gaps (Edexcel)

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1.3.3 Public Goods (Edexcel)

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1.3.2 Externalities (Edexcel)

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1.3.1 Types of Market Failure (Edexcel)

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1.4.2 Government Failure (Edexcel)

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1.4.1 Government Intervention in Markets (Edexcel)

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Theme 2 Macroeconomics

2.1.1 Economic Growth (Edexcel)

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2.1.2 Inflation (Edexcel)

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2.1.3 Employment and Unemployment (Edexcel)

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2.1.4 Balance of Payments (Edexcel)

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2.2.2 Consumption (Edexcel)

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2.2.1 Characteristics of Aggregate Demand (Edexcel)

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2.2.3 Investment (Edexcel)

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2.2.4: Government Expenditure (G)

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2.2.5: Influences on Net Trade (X-M)

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2.3.2 Short-Run Aggregate Supply

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2.3.1 Characteristics of Aggregate Supply (AS)

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2.3.3. Factors Influencing Long Run Aggregate Supply

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2.3.3 Long-Run Aggregate Supply

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2.4.3 Equilibrium levels of Real National Output

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2.4.2 Injections and Withdrawals

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2.4.1 National Income

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2.4.4 The Multiplier

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2.5.2 Output Gaps

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2.5.1 Causes of Economic Growth

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2.6.2 Monetary Policy Instruments

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2.6.2. Demand-Side Policies in the Great Depression and the Global Financial Crisis of 2008

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2.6.1 Possible Macroeconomic Objectives

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2.5.4 The Impact of Economic Growth

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2.5.3 Trade (Business) Cycle

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2.6.2. Role of the Bank of England (Monetary Policy)

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Theme 3 Microeconomics

3.2.1 Business Objectives (Edexcel)

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3.1.3 Demergers (Edexcel)

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3.1.2 Business Growth (Edexcel)

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3.1.1 Sizes and Types of Firms (Edexcel)

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3.4.1 Efficiency (Edexcel)

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3.3.4 Normal Profits, Supernormal Profits and Losses (Edexcel)

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3.3.3 Economies and Diseconomies of Scale (Edexcel)

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3.3.2 Costs (Edexcel)

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3.3.1 Revenue (Edexcel)

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3.4.7 Contestability (Edexcel)

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3.4.6 Monopsony Power (Edexcel)

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3.4.5 Monopoly (Edexcel)

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3.4.4 Oligopoly (Edexcel)

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3.4.3 Monopolistic Competition (Edexcel)

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3.4.2 Perfect Competition (Edexcel)

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Theme 4 Macroeconomics

4.1.1 Globalisation (Edexcel)

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4.1.3 Pattern of Trade (Edexcel)

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4.1.2 Specialisation and Trade (Edexcel)

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4.1.9 International Competitiveness (Edexcel)

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4.1.8 Exchange Rates (Edexcel)

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4.1.7 Balance of Payments (Edexcel)

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4.1.6 Restrictions on Free Trade (Edexcel)

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4.1.5 Trading Blocs and the World Trade Organisation (WTO) (Edexcel)

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4.3.2 Economics of Primary Product Dependency

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4.3.2 Factors Influencing Growth and Development (Edexcel)

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4.3.1 Measures of Development (Edexcel)

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4.2.2 Inequality (Edexcel)

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4.2.1 Absolute and Relative Poverty (Edexcel)

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4.3.2. Economics of Foreign Currency Gaps (Edexcel)

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4.3.2 Economics of the savings gap and the Harrod-Domar model (Edexcel)

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4.4.3 Roles of Central Banks (Edexcel)

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4.4.2 Market Failure in Financial Markets

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4.4.1 Roles of Financial Markets (Edexcel)

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4.3.3 Strategies Influencing Growth and Development (Edexcel)

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