A Level Edexcel Economics Topic Question Past paper and exam-style questions organised by topic, with student-friendly answers written by teachers and examiners. UNIT 1 Market in action Section 1 Introductory Concepts 1. The Nature of Economics 2. Positive and Normative statement 3. Problem of Scarcity 4. Production Possibility frontier 5. Specialization and the role of money 6. Free market mixed and command economics Section 2 Consumer Behaviuor and Demand 7. Rational Decision making 8. The Demand Curve 9. Price Elasticities of Demand 10. Economic Elasticity of Demand 11.Cross price elasticity of demand Section 3 Supply 12. Supply 13. Price Elasticity of Supply Section 4 Price Determination 14. Determination of Market Equilibrium 15. Consumer and Producer Surplus 16. Functions of the Price Mechanism 17. Indirect Taxes and Subsidies Section 5 Market Failure 18. Sources of Market Failure 19. Positive and Negative Externalities 20. Public Goods 21. Imperfect Market Information 22. Moral hazards 23. Speculations and Market bubbles Section 6 Government Intervention in Market 24. Government Intervention in market 25. Government Failure UNIT 2 MACROECONOMICS POLICY AND PERFORMANCE Section 1 Measures of Economic Performance 21. Introduction to measures of economic performance 22. Economic Growth and GDP GNI 23. Measuring Inflation and Unemployment 24. Balance of Payment 25. Employment and Unemployment (Causes and Effects 26. Inflation (Causes and Effects) Section 2 Aggregate Demand 27. Characteristics of Aggregate Demand 28. Consumption 29. Investment 30. Government Expenditure and Net trade Section 3 Aggregate Supply 31. Aggregate Supply Section 4 National Income 32. Circular Flow Income 33. Equilibrium Levels of Real National Output 34. The Multiplier Section 5 Economic Growth 35. Causes of Economic Growth and Output gaps 36. The Benefit and Cost of Economic Growth Section 6 Macroeconomics Objectives and Policies 37. Macroeconomics Objectives 38. Possible conflicts between Macroeconomics objectives 39. Macroeconomics Supply- Side Policies 40. Macroeconomic Demand-Side Policies UNIT 3 BUSINESS BEHAVIOR Section 1 Types and Sizes of Business 1. Types of Business 2. Sizes of Business 3. Business Objectives Section 2Revenue, Costs and Profits 4. Revenue 5. Cost 6.Economies and Diseconomies of scale 7. Profit and Loss Section 3 Market Structure and Contestability 8. Efficiency 9. Market Structure and Concentration ratios 10. Perfect Competition 11. Monopolistic Competition 12.Oligopoly 13. Monopoly and monopsony 14. Contestability Section 4 Labour Market 15. The Demand for Labour 16. the Supply of Labour 17. Profit and Loss 18. Market Failure in The Labour Market Section 5 Government Intervention 19. Government Intervention in Product Market 20. Government Intervention in Labour Market UNIT 4 DEVELOPEMENT IN GLOBAL ECONOMY Section 1 Causes and Effects of Globalization 21. Characteristics and Causes of Globalization 22. The Effects of Globalization Section 2 Trade and The Global Economy 23. Specialization and Comparative Advantage 24. Patterns and Volume of World Trade 25. Terms of Trade 26.Trade Liberalization and Trading Blocs 27. Restrictions of Free Trade Section 3 Balance of Payments, Exchange Rates and International Competitiveness 28. Balance of Payment 29. Exchange rate systems 30.The Impact of Changes in Exchange rates 31.International Competitiveness Section 4 Poverty and Inequality 32. Poverty 33. Inequality Section 5 The role of State in Macroecnomics 35. Taxation 36.Public Sector borrowings and Public Sector debt 37. Using Macroeconomics Policies 38. Impact and problems of Macroeconomic Policies Section 6 Growth and Development in Developing Emerging and Developed economies. 39. Measure of Economic Development 40. Constraints on Growth and Development 41. Measures to promote Growth and Development
