Cambridge International AS and A Level Economics Workbook with Digital Access : 2nd Edition

This series supports teachers and learners of Cambridge International AS & A Level Economics (9708). Take your learners' studies beyond the coursebook with our new Cambridge International AS & A Level Economics workbook. Ideal for refining skills, this workbook help learners solidify their knowledge and practise what they have learnt, with worked examples and a wide selection of activities.

Features

• Key skills and scaffolded exam-style activities allow learners to practise what they have learnt in the coursebook
• Worked examples offer step-by-step guidance and are ideal for revision
• Tip boxes and grouped key terms provide extra support for English as a second language learners
• ‘Improve this answer’ activity helps learners develop evaluation skills and understand what a ‘good’ answer looks like

Contents

How to use this book

Introduction

Introducing command words

Unit 1

Basic economic ideas and resource allocation (AS Level)

1. Scarcity, choice and opportunity cost

2. Economic methodology

3. Factors of production

4. Resource allocation in different economic systems

5. Production possibility curves

6. Classification of goods and services

Unit 2

The price system and the micro economy (AS Level)

7. Demand and supply curves

8. Price elasticity, income elasticity and cross-elasticities of demand

9. Price elasticity of supply

10. The interaction of demand and supply

11. Consumer and producer surplus

Unit 3

Government microeconomic intervention (AS Level)

12. Reasons for government interventions in markets

13. Methods and effects of government interventions in markets

14. Addressing income and wealth inequality

Unit 4

The macro economy (AS Level)

15. National income statistics

16. Introduction to the circular flow of income

17. Aggregate demand (AD) and aggregate supply (AS) analysis

18. Economic growth

19. Unemployment

20. Price stability

Unit 5

Government macroeconomic intervention (AS Level)

21. Government macroeconomic policy objectives

22. Fiscal policy

23. Monetary policy

24. Supply-side policy

Unit 6

International economic issues (AS Level)

25. The reasons for international trade

26. Protectionism

27. Current account of the balance of payments

28. Exchange rates

29. Policies to correct imbalances in the current account of the balance of payments

Unit 7

The price system and the micro economy (A Level)

30. Utility

31. Indifference curves and budget lines

32. Efficiency and market failure

33. Private costs and benefits, externalities and social costs and benefits

34. Types of cost, revenue and profit, short-run and long-run production

35. Different market structures

36. Growth and survival of firms

37. Differing objectives and policies of firms

Unit 8

Government microeconomic intervention (A Level)

38. Government policies to achieve efficient resource allocation and correct market failure

39. Equity and redistribution of income and wealth

40. Labour market forces and government intervention

Unit 9

The macro economy (A Level)

41. The circular flow of income

42. Economic growth and sustainability

43. Employment and unemployment

44. Money and banking

Unit 10

Government macroeconomic issues (A Level)

45.Government macroeconomic policy objectives

46. Links between macroeconomic problems and their interrelatedness

47. Effectiveness of policy options to meet all macroeconomic objectives

Unit 11

International economic issues (A Level)

48. Policies to correct disequilibrium in the balance of payments

49. Exchange rates

50. Economic development

51. Characteristics of countries at different levels of development

52. Relationship between countries at different levels of development

53. Globalisation