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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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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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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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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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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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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