AQA GCSE - Economics

AQA | GCSE | Economics | How markets work

Economic foundations

Economic activity

The factors of production

Making choices

AQA | GCSE | Economics | How markets work

Resource allocation

Markets and allocation of resources

Economic sectors

Specialisation, division of labour, and exchange

AQA | GCSE | Economics | How markets work

How prices are determined

Demand for goods and services

Supply for goods and services

Equilibrium price

Intermarket relationships

Price elasticity of demand

Price elasticity of supply

AQA | GCSE | Economics | How markets work

Production, costs, revenue and profit

The importance of cost, revenue and profit for producers

Production and productivity

Economies of scale

AQA | GCSE | Economics | How markets work

Competitive and concentrated markets

The importance of market structures on producers and consumers

Competitive markets

 Non-competitive markets

The labour market

AQA | GCSE | Economics | How markets work

Market failure

Misallocation of resources

Externalities

AQA | GCSE | Economics | How the economy works

Introduction to the national economy

Interest rates, saving, borrowing, spending and investment

Government income and expenditure

AQA | GCSE | Economics | How the economy works

Government objectives

Economic objectives of the government

Economic growth

Employment and unemployment

Inflation and price stability

Balance of payments

Distribution of income

AQA | GCSE | Economics | How the economy works

How the government manages the economy

Fiscal policy

Monetary policy

Supply-side policies

Policies to correct positive and negative externalities

AQA | GCSE | Economics | How the economy works

International trade and the global economy

Why countries trade and the importance of international trade to the UK

Exchange rates

Free-trade agreements including the European Union

Globalisation: benefits and drawbacks

AQA | GCSE | Economics | How the economy works

The role of money and financial markets

The role of money

The role and importance of the financial sector for the economy