51ºÚÁÏ

3.4.4 Oligopoly Oligopoly Teaching/Revision Pack: 20 Exercises 20 Exercises and Fully Worked Solutions Covering: a Price stability. The actions of one firm will impact on other firms in the industry as they are interdependent. b Students should be able to calculate concentration ratios and be able to identify the likely market structure and the significance. c Oligopoly firms have an incentive to work together through collusive agreements. d Considering why firms might collude tacitly or overtly, or engage in non-price competition. e Game theory can be used to predict how firms might behave. It is used to explain why firms may collude and why collusive agreements may break down… f Exploring types of price competition.Other types of price competition should be considered; for example, predatory pricing and limit pricing. g Non-price competition can take the form of advertising, issuing of loyalty cards, branding, packaging and other measures to reduce the closeness of substitutes.

2.2 Aggregate Demand (AD) Pack - Edexcel A Level Economics This resource provides over 20 exercises focused on Aggregate Demand (AD), designed to help Edexcel A Level Economics students deepen their understanding. The exercises cover all components of AD—Consumption ©, Investment (I), Government Expenditure (G), and Net Exports (X-M)—and the factors that influence them. Variety of Exercises: Gap fills, data response questions, short and long-answer questions, and case studies.

The Hunger Games: Economics Edition is an engaging, hands-on classroom activity designed to bring A-level Economics to life. Students take on the roles of districts in a resource-scarce economy, making decisions on trade, production, and survival. Through interactive scenarios like inflation shocks, market trading, and external crises, they’ll apply key economic concepts such as scarcity, opportunity cost, and market dynamics in a fun, competitive way. Perfect for sparking discussion and teamwork while connecting theory to real-world challenges!

Everything you need to know- goes into everything on the spec in detail, with exam questions for every part of the spec.

Theme 2: 2.1 - 2.5: The UK Economy – Performance and Policies 2.1 Measures of Economic Performance Economic Growth GDP, Real GDP, GDP per capita Difference between real and nominal GDP Recession definition and implications Inflation Consumer Prices Index (CPI), Retail Prices Index (RPI) Demand-pull vs. cost-push inflation Employment and Unemployment Claimant Count vs. ILO Labour Force Survey methods Causes of changes in unemployment rates Economic and social consequences of unemployment Balance of Payments Components of the Current Account (goods/services, primary income, secondary income) Causes and solutions for a current account deficit 2.2 Aggregate Demand (AD) Components of AD: Consumption ©, Investment (I), Government spending (G), Net exports (X–M) Factors affecting each component Shifts and movements along the AD curve 2.3 Aggregate Supply (AS) Short-run vs. long-run AS (Classical vs. Keynesian views) Factors causing shifts in SRAS and LRAS Effects of infrastructure investment and planning reforms on LRAS 2.4 National Income Circular flow of income (income vs. wealth) Multiplier effect and calculations 2.5 Economic Growth Actual vs. potential economic growth Output gaps (negative output gap, implications) Business/trade cycle phases and impact on government finances Economic growth: benefits and limitations regarding living standards Exam Structure Included: Multiple-choice questions with explanations Short answer and application questions with model answers Data response questions with explanations Essay questions with structured model responses and evaluation tips