EASTER REVISION COURSES 2016
COURSE OUTLINE FOR A2 ECONOMICS
SUITABLE FOR EXAM BOARDS: EDX A (9ECO)
COURSE CODE: A2ECOEDX
Aim
The aim of this course is to revise the topics for the A2 Economics specifications. As far as possible, the sessions will be tailored
to the needs of the students. Tutors will make every effort to overcome individual difficulties, whilst still providing an overview
of the whole specifications.
Topics Covered
Unit 3: Business Economics and Economic
Efficiency
Unit 4: The Global Economy
Globalisation
Theory of the Firm
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
The objectives of firms
Company growth
Illustrating and calculating revenue
Illustrating and calculating costs
Economies and diseconomies of scale
Productive and allocative efficiency
Normal and supernormal profit
Profit maximisation as an objective
Barriers to entry
Market concentration
1.
2.
Trade
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
Behaviour of Firms
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
Perfect Competition
Monopoly
Efficiency in monopoly versus perfect competition
Price discrimination
Monopsony
Collusive Oligopoly
Non-collusive oligopoly
Game theory
Monopolistic competition
Contestability
Causes of globalisation
Effects of globalisation
Patterns of trade
Specialisation and comparative advantage
World Trade Organisation
Restrictions on free trade
Protectionism
Balance of payments
Current account deficits and surpluses
Exchange rates
Monetary union
Competitiveness
Poverty and Inequality
13. Absolute and relative poverty
14. Measurements of inequality
Growth and Development
Government Intervention
21. Measures to increase competition
22. Regulation
15.
16.
17.
18.
19.
20.
Limits to growth and development
Policies to promote growth and development
Public expenditure
Taxation
Public sector borrowing and debt
Promoting growth and development
Other Information
Students should bring copies of their specifications and main textbook with them to the course.
Harrow School Enterprises Ltd.
5 High Street, Harrow on the Hill, Middlesex, HA1 3HP
Tel: 020 8426 4638 Fax: 020 8864 7180 E-mail: [email protected]