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Syllabus / Specification / Overview

edexcel a level economics specification 2025 (2) a level economics edexcel specification (2)

Basic Economic Ideas

basic economic ideas (30) public goods (7) factors of production (7) classification of goods and services (7) opportunity cost (6) PPC (6) economic systems (5) production possibility curve (5) scarcity (4) planned economy vs market economy vs mixed economy (4) demerit goods (3) planned economy (3) normative statement (3) specialization (3) short run vs long run vs very long run (3) positive statement (3) division of labour (3) ceteris paribus (3) mixed economy (3) merit goods (3) private goods (2) economic methodology (2) barter (2) medium of exchange (2) merit goods vs demerit goods (2) free-rider problem (2) market economy (2) double coincidence of wants (2) how to produce (2) efficiency (2) what to produce (2) for whom to produce (2) command economy (2) PPF (2) production possibility frontier (2) free goods (2)

Price System and Microeconomy

demand curve (7) elasticities in economics (4) rationing (4) market equilibrium (3) supply curve (3) price elasticity of demand (3) joint supply (3) PES (3) functions of price (3) consumer theory (3) XED (3) YED (3) PED (3) Price Elasticity of Supply (3) diminishing marginal utility (2) utility theory (2) cross elasticity of demand (2) market equilibrium vs market disequilibrium (2) derived demand (2) effective demand (2) equi-marginal principle (2) complements (2) consumer surplus (2) inferior goods (2) marginal utility (2) total utility (2) consumer surplus vs producer surplus (2) normal goods (2) signalling (2) income elasticity of demand (2) substitutes (2) joint demand (2) market disequilibrium (2) producer surplus (2)

Micro Intervention

taxation (14) market failure (8) micro intervention (6) inequality (5) microeconomic government intervention (4) income tax (4) progressive tax system (4) indirect tax (3) direct tax (3) subsidy (3) price controls (3) minimum price (3) minimum wage (3) price floor (3) transfer payments (3) direct tax vs indirect tax (3) gini coefficient (3) price ceiling (2) buffer stock (2) inheritance tax (2) rates of tax (2) regressive tax system (2) average rate of tax (2) marginal rate of tax (2) proportional tax system (2) maximum price (2) income vs wealth (2)

Macroeconomy

economic growth (19) inflation (16) AD-AS analysis (14) unemployment (14) aggregate demand (9) equilibrium level of national income (7) aggregate supply (6) real GDP (6) GDP (6) national income statistics (5) circular flow of income (5) types of unemployment (5) causes of unemployment (5) leakages (4) causes of inflation (4) frictional unemployment (4) injections vs leakages (4) structural unemployment (4) cyclical unemployment (3) full employment (3) natural rate of unemployment (3) actual growth (3) demand-pull inflation (3) cost-push inflation (3) potential growth (3) injections (3) NNI (3) GNI (3) consequences of inflation (2) deflation (2) nominal GDP (2) effects of inflation (2) consequences of unemployment (2) effects of unemployment (2) net national income (2) disinflation (2) labour force survey (2) measures of unemployment (2) investment (2) national income (2) consequences of economic growth (2) effects of economic growth (2) demand-deficient unemployment (2) claimant count (2) real data (2) gross national income (2) causes of economic growth (2) real value (2) gross domestic product (2)

Macro Intervention

fiscal policy (16) macro policy (15) macro intervention (13) monetary policy (8) macro objectives (7) government budget (5) budget surplus (3) supply-side policy (3) interest rate (3) budget deficit (3) money supply (3) government spending (3) national debt (2) credit regulation (2) expansionary fiscal policy (2) contractionary fiscal policy (2) expansionary monetary policy (2) contractionary monetary policy (2) quantitative easing (2)

International Economic Issues

international trade (12) protectionism (6) trade barriers (6) free international trade (4) terms of trade (3) absolute advantage vs comparative advantage (2) tariffs (2) quotas (2) embargoes (2) trade possibility curve (2) export subsidies (2)