CAIE Alevel Economics (A2)
About Course
- The price system and the microeconomy
- Government microeconomic intervention
- The macroeconomy
- Government macroeconomic intervention
- International economic issues
Course Content
Price System, Microeconomy: Consumer Theory
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Price System, Microeconomy: Efficiency and market failure, Private costs and benefits, externalities and social costs and benefits
Price System, Microeconomy: Types of cost, revenue and profit, short-run and long-run production
Price System, Microeconomy: Different market structures
Price System, Microeconomy: Growth and survival of firms; Differing objectives and policies of firms
Government microeconomic intervention
Labour market forces and government intervention
Macroeconomy: circular flow of income
Macroeconomy: Economic growth and sustainability, Employment, Money and banking
Government macroeconomic intervention
International economic issues
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