Economics WEC11/01 June 2021

Edexcel International AS/A Level Economics (WEC) Jun 2021

معلم موافق رایگان بودن است.

1. Economic efficiency, market equilibrium, price elasticity, supply-demand interactions, consumer surplus, producer surplus, and welfare economics.
2. Market failures, externalities, public goods, government intervention, taxation effects, subsidies, and regulation impacts.
3. Microeconomic theory foundations: utility maximization, budget constraints, indifference curves, production functions, cost structures, and profit maximization.
4. Macroeconomic aggregates: GDP measurement, inflation rates, unemployment types, monetary and fiscal policies, aggregate demand and supply dynamics.
5. International trade theories, comparative advantage, balance of payments, exchange rate mechanisms, trade barriers, and globalization effects.
6. Economic development indicators, poverty measurement, income distribution, growth models, sustainable development, and policy implications.