Positive Economics (AS/A LEVELS/IB/IAL)

Level: AS Levels, A Level, GCSE – Exam Boards: Edexcel, AQA, OCR, WJEC, IB, Eduqas – Economics Revision Notes 

Positive Economics

Positive economics is concerned with factual information and can be tested to be true or false. Positive statements use a scientific approach towards economics.

For example

• A rise in the tax rate on cigarettes will lower rates of lung cancer.
• A decrease in bus ticket prices will reduce car congestion in London.

Quick Fire Quiz – Knowledge Check

1. Define ‘Positive Economics’ (2 marks)
2. Identify two examples of a Positive Economic Statement (2 marks)

Next Revision Topics

• Normative Economics
• Economics as a Social Science
• Factors of Production
• Scarcity

A Level Economics Past Papers

• AQA
• Edexcel
• OCR
• WJEC