Cambridge International AS & A Level Economics Workbook with Digital Access (2 Years)

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.

• 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
• Acknowledgements.