Basic Economic Ideas & Resource Allocation

Scarcity, Choice & Opportunity Cost

The Basic Economic Problem

Basic Questions of Resource Allocation

Economic Methodology

Economics as a Social Science

Factors of Production

Economic Resources

Resource Allocation in Different Economic Systems

Types of Economic Systems

Production Possibility Curves

Production Possibility Curves (PPCs)

Classification of Goods & Services

Types of Goods & Services

The Price System & the Microeconomy

Demand & Supply Curves

Demand Curves

Supply Curves

Market Equilibrium

Market Equilibrium & Disequilibrium

Analysing Changes to Market Equilibrium

Interrelated Markets

The Functions of the Price Mechanism

Elasticities of Demand

Price Elasticity of Demand (PED)

Using Price Elasticity of Demand (PED)

Exam boards

• Edexcel A Level Economics A

Study tools

• Cambridge (CIE) A Level Economics · Past Papers

Related links

• A Level Economics · Revision Notes
• A Level Economics · Exam Questions
• A Level Economics · Flashcards
• A Level Economics · Past Papers
• Cambridge (CIE) A Level Economics · Exam specification