Reference library | tutor2u Economics
00:22:12

When a government's tax revenues are insufficient to pay for a given level of state spending then a nation must borrow to make up the difference, this is a budget...

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Fiscal Policy - Government Borrowing
00:15:25

What is first mover advantage? First mover advantage is the idea that by being the first to enter a new market, a business gains a commercial advantage over its actual...

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Game Theory - First Mover Advantage
00:17:13

Conflict, corruption and poor governance can have hugely damaging effects on a country's growth rate and development potential. One of the Sustainable Development Goals is (by 2030) substantially reduce corruption and...

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Barriers to Growth and Development - Corruption and Conflict
Student videos

Utility Maximisation

00:5:5

With a single product, total utility is maximised when the marginal utility from the next unit consumed is zero (assuming that the budget of the consumer allows this point to...

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Utility Maximisation
00:6:50

The EU single market involves integration between nations and is built upon four key freedoms:

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European Single Market
00:4:55

The term 'sustainable' means 'enduring' and 'lasting' and 'to keep in being'

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Sustainable Development
00:3:3

In this 3 minute video we develop simple chains of reasoning to help explain why the production possibility frontier for an economy might shift inwards. We also revise the difference between...

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PPF - An Inward Shift (Chain of Analysis)
00:12:45

Here is a revision exam technique video looking synoptically at some of the likely micro and macro consequences of the UK leaving the EU single market.

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UK Leaving the Single Market (Micro and Macro Impact and Evaluation)
Study notes

Poverty Trap

00:3:45

The poverty trap affects people living in households on low incomes.

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Poverty Trap
00:26:45

Keynesian Economics An understanding of Keynesian themes can be helpful in evaluating macro policies and the search for macroeconomic stability in terms of prices, jobs, incomes and profits for both...

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Understanding the Economics of John Maynard Keynes

Here are the slides and videos from our revision webinar covering some synoptic aspects of Brexit relevant to A level economics students. In particular there is a focus on synoptic...

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Economics of Brexit (Revision Webinar)
Study notes

Liquidity Trap

00:26:45

A liquidity trap occurs when a period of very low interest rates and a high amount of cash balances held by households and businesses fails to stimulate aggregate demand.

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Liquidity Trap
00:4:55

Which strategies and policies are best for an individual country wishing to see sustained economic growth and development? Remember that growth and development are not the same!

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Development Strategies and Policies
00:3:0

Utility is a measure of the satisfaction that we get from purchasing and consuming a good or service

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Marginal Utility Analysis

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