• 1.1.2 Positive and Normative

Economic Statements

• 1.1.3 The Economic problem

• 1.1.4 Production Possibility

Frontiers (PPF)

• 1.1.5 Specialisation and the division

of labour

• 1.1.6 Free-market economics,

mixed economy and command

economy

(N/A)

• 1.1.2 Positive and Normative

Economic Statements

• 1.1.3 The Economic problem

• 1.1.4 Production Possibility

Frontiers (PPF)

• 1.1.5 Specialisation and the division

of labour

• 1.1.6 Free-market economics,

mixed economy and command

economy

• 1.2.2 Demand

• 1.2.3 Price, income and cross

elasticities of demand

• 1.2.4 Supply

• 1.2.5 Elasticity of supply

• 1.2.6 Price determination

• 1.2.7 Price mechanism

• 1.2.8 Consumer and producer

surplus

• 1.2.9 Indirect taxes and subsidies

• 1.2.10 Alternative views of consumer

behaviour

• Elasticities

• Consumer and producer surplus

• 1.3.2 Externalities

• 1.3.3 Public goods

• 1.3.4 Information gaps

• Externalities

markets

• 1.4.2 Government failure

• 2.1.2 Inflation

• 2.1.3 Employment and

unemployment

• 2.1.4 Balance of payments

• 2.2.2 Consumption (C)

• 2.2.3 Investment (I)

• 2.2.4 Government expenditure (G)

• 2.2.5 Net trade (X-M)

• 2.3.2 Short-run AS

• 2.3.3 Long-run AS

• Aggregate Supply (AS)

• 2.4.2 Injections and withdrawals

• 2.4.3 Equilibrium levels of real

national output

• 2.4.4 The multiplier

• 2.5.2 Output gaps

• 2.5.3 Trade (business) cycle

• 2.5.4 The impact of economic growth

objectives

• 2.6.2 Demand-side policies

• 2.6.3 Supply-side policies

• 2.6.4 Conflicts and trade-offs

between objectives and policies

policies

• 3.1.2 Business growth

• 3.1.3 Demergers

• Costs

• Economies and diseconomies of

scale

• Normal profits, supernormal profits

and losses

• Costs

• Economies and diseconomies of

scale

• Normal profits, supernormal profits

and losses

• 3.4.2 Perfect competition

• 3.4.3 Monopolistic competition

• 3.4.4 Oligopoly

• 3.4.5 Monopoly

• 3.4.6 Monopsony

• 3.4.7 Contestability

• Perfect competition

• Oligopoly

• Monopoly

• Monopsony

• Contestability

• 3.5.2 Supply of labour

• 3.5.3 Wage determination in

competitive and non-competitive

markets

• Supply for labour

• Wage determination

• 3.6.2 The impact of government

intervention

• The impact of government

intervention

• 4.1.2 Specialisation and trade

• 4.1.3 Pattern of trade

• 4.1.4 Terms of trade

• 4.1.5 Trading blocs and the World

Trade Organisation (WTO)

• 4.1.6 Restrictions on free trade

• 4.1.7 Balance of payments

• 4.1.8 Exchange rates

• 4.1.9 International competitiveness

• 4.2.2 Inequality

• 4.3.2 Factors influencing growth and

development

• 4.3.3 Strategies influencing growth

and development

economies

• 4.4.2 Market failure in the financial

sector

• 4.4.3 Role of central banks

• 4.5.2 Taxation

• 4.5.3 Public sector finances

• 4.5.4 Macroeconomic policies in a global context

macroeconomy