Revision Notes
Numbers – Decimals
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Numbers Decimals, Fractions and Percentages: What are decimals? A type of number with a point e.g 3.3, 20.5, 300.43 Each unit after the decimal point has its own classification e.g. tenths, hundredths, thousandths and so on. Multiplying Decimals: First, remove the decimal point as if you are multiplying whole numbers. Count the number of digits that […]
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Grammar – Nouns, Common Nouns, Proper Nouns & Compound Nouns
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What is a noun? Nouns are names of a person, place, thing or idea. What is a common noun? Common nouns are the generic name of a person, place, thing or idea e.g. girl, boy, dog. What is a proper noun? A proper noun is a specific name given to something e.g. Adam, Labrador and […]
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The case against protectionism
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Exam Boards: Edexcel, AQA, WJEC, CIE, OCR Level: AS/A LEVELS/IB/IAL Why should countries not protect their domestic industries? Higher prices and less choice Due to increased trade diversion countries will now be purchasing from high-cost producers rather than low-cost producers for the same products. Lack of efficiency Demand for local products will increase […]
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What factors limit growth and development?
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Level: AS Levels, A Level, GCSE – Exam Boards: Edexcel, AQA, OCR, WJEC, IB, Eduqas – Economics Revision Notes What factors limit growth and development? Primary product dependency Savings gap Corruption Government failure Wars Population issues Human capital problems Poor infrastructure Primary product dependency A variety of challenging issues are faced by countries dependent on primary […]
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Bartlett and Ghoshal’s Theory
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Exam Boards: Edexcel, AQA, WJEC, CIE, OCR Level: AS/A LEVELS/IB/IAL
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SWOT Analysis
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Exam Boards: Edexcel, AQA, WJEC, CIE, OCR Level: AS/A LEVELS/IB/IAL What is SWOT analysis? SWOT analysis is used by a business to identify the businesses internal strengths and weaknesses and its external opportunities and threats. Source: aqa.org.uk Example SWOT analysis Company: Coca Cola Strengths Opportunities Brand Customer loyalty Advertising/Marketing Distribution Economies of […]
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Strategies to promote growth and development
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Exam Boards: Edexcel, AQA, WJEC, CIE, OCR Level: AS/A LEVELS/IB/IAL Strategies to promote growth and development There is a range of strategies that could be used by countries to promote growth and development. Strategies for growth and development in countries will be different depending on their social, economic, political and cultural environment. The […]
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Trading Blocs
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Exam Boards: Edexcel, AQA, WJEC, CIE, OCR Level: AS/A LEVELS/IB/IAL What are trading blocs? Trading blocs are groups of countries that agree to reduce or eliminate trade barriers between themselves. Examples of Trading Blocs ASEAN – Association of Southeast Asian Nations APEC – Asia Pacific Economic Cooperation EU – European Union USMCA – […]
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Exchange Rates – AS/A LEVELS/IB/IAL
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Level: AS Levels, A Level, GCSE – Exam Boards: Edexcel, AQA, OCR, WJEC, IB, Eduqas – Economics Revision Notes Exchange Rates The exchange rate is the rate at which one currency exchanges for another e.g. £1 = $2. Exchange Rate Systems Floating The exchange rate is determined by market forces of supply and demand. Fixed This […]
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Inequality – AS/A LEVELS/IB/IAL
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Level: AS Levels, A Level, GCSE – Exam Boards: Edexcel, AQA, OCR, WJEC, IB, Eduqas – Economics Revision Notes Inequality Inequality is the unequal distribution of income and opportunity between different groups in society. What is the difference between income and wealth? Income Income is a flow concept, e.g. the money earned over a period of time. This […]
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