Laura Bellini
Classification: Paper 1
Page count: 12
Viewed: 260
Last update: 5 months ago
Crash report
Economics 9708,13 Oct Nov 2024
1. Production Possibility Curve and Opportunity Cost | Interpretation of a PPC diagram, opportunity cost in production, and classification of economic goods.
2. Market Mechanisms and Elasticity | Effects of price changes on substitutes, price elasticity of supply calculations, and classification of goods using cross and income elasticities.
3. Government Intervention in Markets | Policies for merit and demerit goods, solutions to the free rider problem, and effects of subsidies on factor inputs.
4. Macroeconomic Indicators and Fiscal Policy | National income equilibrium conditions, causes of frictional unemployment, fiscal policies affecting income distribution, and budget surplus implications.
5. International Trade and Exchange Rates | Causes of current account deficits, forms of trade protectionism, effects of currency appreciation, and terms of trade improvements.
6. Supply-Side and Monetary Policies | Impact of supply-side policies on inflation, interest rate effects on borrowing and spending, and government actions to influence aggregate demand.
2. Market Mechanisms and Elasticity | Effects of price changes on substitutes, price elasticity of supply calculations, and classification of goods using cross and income elasticities.
3. Government Intervention in Markets | Policies for merit and demerit goods, solutions to the free rider problem, and effects of subsidies on factor inputs.
4. Macroeconomic Indicators and Fiscal Policy | National income equilibrium conditions, causes of frictional unemployment, fiscal policies affecting income distribution, and budget surplus implications.
5. International Trade and Exchange Rates | Causes of current account deficits, forms of trade protectionism, effects of currency appreciation, and terms of trade improvements.
6. Supply-Side and Monetary Policies | Impact of supply-side policies on inflation, interest rate effects on borrowing and spending, and government actions to influence aggregate demand.