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TSR Wiki > Study Help > Subjects and Revision > Revision Notes > Economics Revision Notes > Topics List

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This page lists all the topics for GCSE and AS Economics (A2 Economics still to come). Follow the links to the relevant revision note. If the link is red the page hasn't been written yet - you are more than welcome to write up your own notes on this topic.

Contents 1 GCSE 1.1 AQA 1.1.1 Business economics 1.1.2 Market failure 1.1.3 Macroeconomics 1.2 OCR 1.2.1 The economic problem 1.2.2 The competitive market 1.2.3 The economic role of government 1.2.4 International economics 2 A level 2.1 Microeconomics 2.2 Market failure 2.3 Macroeconomics

GCSE

The two main exam boards for GCSE Economics are AQA and OCR. Their course structures (though not the content) varies so widely that I have split them up.

AQA

• Scarcity, choice, opportunity cost
• Specialisation
• Resource allocation
• Demand
  • Price elasticity of demand
• Supply
  • Price elasticity of supply
• Market equilibrium
• The labour market

Business economics

• Objectives of business
• Public and private sector ownership
• Growth of business
  • Mergers and take-overs
• Business performance
• Business competition

Market failure

• Monopoly
• Externalities
• Regional problems
• Taxes and subsidies
• Price controls
• Competition policy
• Regulation

Macroeconomics

• Macroeconomic indicators
• GDP and national income
• The money supply
• Circular flow of income
• The economic cycle
• Exchange rates
• Objectives of macroeconomic policy
• Effects of macroeconomic policy
• Interest rates
• Government income and expenditure
• Trade policy
• The European Union

OCR

The economic problem

• Factors of production
• Scarcity, choice, opportunity cost
• Approaches to the economic problem
• Money and interest rates

The competitive market

• Competitive markets
• The demand curve
• The supply curve
• Price elasticity
  • Price elasticity of demand
  • Price elasticity of supply
• Determination of price in competitive markets
  • The equilibrium price
  • Product differentiation
  • Taxes and subsidies
• Costs - the information on this page is too detailed for GCSE.
• Revenue - the information on this page is too detailed for GCSE.
• Profits
• Productivity
• Rewards for labour

The economic role of government

• The role of the government in the UK economy
• Government income and expenditure
• Policy objectives
  • Economic growth
  • Unemployment
  • Inflation
  • Conflicts between objectives
• Market failure

International economics

• Specialisation and trade
• The European Union
• Balance of Payments
• Exchange rates
• Standards of living

A level

Microeconomics

• The Economic Problem (AQA, Edex, OCR, WJEC)
• Factors of production (AQA, OCR)
• Positive and normative economics (AQA)
• Specialisation and Trade (AQA, Edex, OCR, WJEC)
• Producer and consumer surplus (AQA, Edex, OCR, WJEC)
• Demand theory (AQA, Edex, OCR, WJEC)
• Supply theory (AQA, Edex, OCR, WJEC)
• Supply and Demand Equilibrium (AQA, Edex, OCR, WJEC)
• Elasticity of demand (AQA, Edex, OCR, WJEC)
• Elasticity of supply (AQA, Edex, OCR, WJEC)
• The Price Mechanism (AQA, Edex)
• Indirect Taxes and Subsidies (Edex)
• The labour market (Edex)
• Economies of scale (AQA)
• Allocative efficiency (OCR)

Market failure

• Market failure (AQA, Edex, OCR, WJEC)
• Externalities (AQA, Edex, OCR, WJEC)
• Public, merit and demerit goods (AQA, Edex, OCR, WJEC)
• Imperfect competition (AQA, Edex, OCR, WJEC)
• Immobility of labour (Edex, OCR)
• Asymmetric Information (OCR)
• Commodity markets (Edex)
• Agricultural markets (AQA, Edex)
• Property rights (Edex)
• Regulation and state provision (AQA, Edex, OCR, WJEC)
• Taxes and subsidies (AQA, Edex, OCR, WJEC)
• Price controls (AQA, Edex, WJEC)
• Pollution Permits (AQA, Edex, OCR, WJEC)
• Government failure (AQA, Edex, OCR, WJEC)

Macroeconomics

• The economic cycle (AQA)
• Indicators (AQA, Edex, OCR)
• Circular flow of income (AQA, Edex, OCR, WJEC)
• Aggregate demand (AQA, Edex, OCR, WJEC)
• Aggregate supply (AQA, Edex, OCR, WJEC)
• Multiplier (AQA, Edex, OCR, WJEC)
• Macroeconomic objectives (AQA, Edex, OCR, WJEC)
• Inflation (AQA, Edex, OCR, WJEC)
• Unemployment (AQA, Edex, OCR, WJEC)
• Balance of payments (AQA, Edex, OCR, WJEC)
• Growth (AQA, Edex, OCR)
• Conflicts between objectives (AQA, Edex, OCR, WJEC)
• Fiscal Policy (AQA, Edex, OCR, WJEC)
• Monetary Policy (AQA, Edex, OCR, WJEC)
• Supply-side Policy (AQA, Edex, OCR, WJEC)
• Exchange Rate Policy (WJEC)
• Protectionism (OCR)