Contents
Introduction
vi
Part 1 Techniques
1
Chapter 1 Revision Techniques
3
1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8
3 3 3 3 4 4 6 6
What is revision The purpose of revision in economics Where to revise Ways not to revise Ways to revise Revision methods Preparing for an examination Taking an examination
5.8 Money: its functions and characteristics 5.9 Mind maps Short Questions Revision Activities Multiple Choice Questions Data Response Questions Essay Questions
19 20 24 24 25 26 27
Chapter 6 The Price System
28
6.1 6.2 6.3 6.4 6.5 6.6 6.7
28 29 30 30 31 32
Individual demand curves Price elasticity of demand Income elasticity of demand Cross elasticity of demand Firms’ supply curves Price elasticity of supply Interaction of demand and supply: equilibrium price and quantity 6.8 Consumer surplus and producer surplus 6.9 Mind maps Short Questions Revision Activities Multiple Choice Questions Data Response Questions Essay Questions
33 33 34 41 41 42 44 45
46
Chapter 2 Multiple Choice Techniques
7
2.1 What is a multiple choice question 2.2 Ways of answering multiple choice questions
7 7
Chapter 3 Data Response Techniques
9
3.1 What is a data response question 3.2 Approach 3.3 Avoid reproducing the data
9 9 10
Chapter 4 Essay Writing Techniques
12
4.1 What is an essay 4.2 Selecting a question
12 13
Chapter 7 Government Intervention in the Price System
Part 2 Core
15
Chapter 5 Basic Economic Ideas
17
7.1 7.2 7.3 7.4 7.5 7.6 7.7
5.1 Meaning of scarcity and the inevitability of choices at all levels 5.2 Opportunity cost 5.3 Different allocative mechanisms 5.4 Production possibility curve: shape and shifts 5.5 Positive and normative statements 5.6 Factors of production: land, labour, capital, enterprise 5.7 Division of labour
9781107661783pre_pi-pviii.indd iii
17 17 17 18 18 18 19
Externalities Social costs and benefits Decision making using cost-benefit analysis Private goods and public goods Merit and demerit goods Government intervention Mind maps Short Questions Revision Activities Multiple Choice Questions Data Response Questions Essay Questions
46 46 46 47 48 48 51 54 54 55 57 59
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