51ºÚÁÏ

Last updated

17 April 2025

zip, 683.65 KB
zip, 683.65 KB

One retrieval grid per specification point
4.1.1.1 Economic methodology
4.1.1.2 The nature and purpose of economic activity
4.1.1.3 Economic resources
4.1.1.4 Scarcity, choice and the allocation of resources
4.1.1.5 Production possibility diagrams
4.1.2.1 Consumer behaviour
4.1.2.2 Imperfect information
4.1.2.3 Aspects of behavioural economic theory
4.1.3.1 Determinants of demand for goods and services
4.1.3.2 Price, income and cross elasticities of demand
4.1.3.3 Determinants of supply of goods and services
4.1.3.4 Price elasticity of supply
4.1.3.5 The determination of equilibrium market prices
4.1.4.1 Production and productivity
4.1.4.2 Specialisation, division of labour and exchange
4.1.4.3 Costs of production
4.1.4.4 Economies and diseconomies of scale
4.1.4.5 Average revenue, total revenue and profit
4.1.5.1 Market structures
4.1.5.2 The objectives of firms
4.1.5.3 Perfect competition
4.1.5.4 Monopolistic competition
4.1.5.5 Oligopoly
4.1.5.6 Monopoly and monopoly power
4.1.5.7 Price discrimination
4.1.6.1 The demand for labour
4.1.6.2 The supply of labour
4.1.6.3 The determination of relative wage rates and levels of employment in competitive and non-competitive labour markets
4.1.6.4 The influence of trade unions in the labour market
4.1.6.5 The national minimum wage
4.1.6.6 Discrimination in the labour market
4.1.7.1 The distribution of income and wealth
4.1.7.2 Poverty
4.1.7.3 Government policies to influence the distribution of income and wealth and to alleviate poverty
4.2.1.1 The objectives of government economic policy
4.2.1.2 Macroeconomic indicators
4.2.1.3 Uses of index numbers
4.2.1.4 The circular flow of income
4.2.1.5 The use of real data to measure economic performance
4.2.2.1 Aggregate demand (AD)
4.2.2.2 Aggregate supply (AS)
4.2.2.3 The interaction of aggregate demand and aggregate supply
4.2.2.4 The multiplier
4.2.3.1 Economic growth
4.2.3.2 Inflation and deflation
4.2.3.3 Employment and unemployment
4.2.3.4 Balance of payments
4.2.4.1 The structure of financial markets and financial assets
4.2.4.2 Commercial banks and investment banks
4.2.4.3 Central banks and monetary policy
4.2.4.4 The regulation of the financial system
4.2.5.1 Fiscal policy
4.2.5.2 Supply-side policies
4.2.5.3 The distinction between monetary policy, fiscal policy and supply-side policy

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