Unit 1 · The Economic Problem & Decision Makers

1.1

Economic Methodology and the Economic Problem

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Individual Economic Decision Making

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Unit 2 · The Price Mechanism & Markets

2.1

Demand, Supply and Elasticities

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The Price Mechanism and Market Equilibrium

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Consumer and Producer Surplus

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Unit 3 · Production, Costs & Profit

3.1

Production and Costs

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Revenue and Profit

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Unit 4 · Market Structures & the Labour Market

4.1

Perfect Competition and Monopoly

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Oligopoly

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The Labour Market

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Unit 5 · Market Failure & Government Intervention

5.1

Market Failure

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Government Intervention and Government Failure

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The Distribution of Income and Wealth: Poverty and Inequality

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Unit 6 · Macroeconomic Indicators

6.1

Economic Growth and the Economic Cycle

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Inflation, Employment and the Balance of Payments

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The Measurement of Macroeconomic Performance

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Unit 7 · Aggregate Demand & Aggregate Supply

7.1

Aggregate Demand and the Multiplier

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Aggregate Supply

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Unit 8 · Macroeconomic Objectives & Conflicts

8.1

Macroeconomic Objectives and Conflicts

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Unit 9 · Macroeconomic Policies

9.1

Fiscal Policy

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Monetary Policy

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Supply-Side Policies

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Financial Markets and Banking

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Unit 10 · The International Economy & Development

10.1

Globalisation and Trade

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Exchange Rates and the Balance of Payments

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Economic Growth and Development

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