Economic methodology and the economic problem. Price determination in a competitive market (supply and demand). Production, costs and revenue. Competitive and concentrated markets. The market mechanism, market failure and government intervention in markets. The measurement of macroeconomic performance. How the macro-economy works: the circular flow of income, AD/AS analysis, and related concepts. Economic performance. Macroeconomic policy.
Name: Economics Qualification title: GCE A level Qualification type: GCE A/AS Level or equivalent Assessment Awarding - Created 20161021 12:28:57 Updated 20161021 12:28:57
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Haverstock School
Community School
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