Revision Notes

Scarcity – The Economic Problem (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  Scarcity – The Economic Problem Scarcity exists due to a finite amount of resources and unlimited wants. The economic problem stems from the idea that people have unlimited wants but they only have a finite (limited) amount […]
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Scarcity – The Economic Problem (AS/A LEVELS/IB/IAL)
Health, Fitness and Wellbeing

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Health, Fitness and Wellbeing   Health: Complete physical, mental and social wellbeing and not only the absence of illness. Being ill doesn’t mean you aren’t healthy. Health can also be recognised through other different feelings, such as: happiness, being socially accepted and mentally satisfaction.   Fitness: ‘The ability to meet the demands of the environment’. […]
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Health, Fitness and Wellbeing
Information Gaps – Symmetric & Asymmetric Information – AS/A LEVELS/IB/IAL

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Exam boards: Edexcel/AQA/OCR/WJEC Level: AS/A LEVELS/IB/IAL Microeconomics
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Exam boards: Edexcel/AQA/OCR/WJEC 
Level: AS/A LEVELS/IB/IAL 
Microeconomics
Market Failure – AS/A LEVELS/IB/IAL

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Exam boards: Edexcel/AQA/OCR/WJEC Level: AS/A LEVELS/IB/IAL Macroeconomics
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Exam boards: Edexcel/AQA/OCR/WJEC 
Level: AS/A LEVELS/IB/IAL 
Macroeconomics
Employment & Unemployment – AS/A LEVELS/IB/IAL

1962

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Exam boards: Edexcel/AQA/OCR/WJEC Level: AS/A LEVELS/IB/IAL Macroeconomics
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Exam boards: Edexcel/AQA/OCR/WJEC 
Level: AS/A LEVELS/IB/IAL 
Macroeconomics
Economic Growth – Causes/Benefits/Costs – 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  Economic Growth Economic growth can be measured using measures of Real/Gross Domestic Product (GDP). It’s an increase in the productive potential of the economy. It can be shown through an increase in the production possibility frontier (PPF) […]
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Economic Growth – Causes/Benefits/Costs – AS/A LEVELS/IB/IAL
Supply Side Policies

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Edexcel/AQA/OCR/WJEC AS/A LEVELS/IB/IAL Macroeconomics
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Edexcel/AQA/OCR/WJEC 
AS/A LEVELS/IB/IAL 
Macroeconomics

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