Revision Guide to AS and A Level Economics B

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Publication January 2016 This book covers Theme 1 and 2 of Edexcel's Economics B course. The author, Nancy Wall, is a former Editor of "Teaching Business and Economics", has spent the last 20 years in curriculum development and is an experienced author and editor. This book is in full colour and runs to 120 pages, including a Glossary of Key terms for both units and a full index. Key words and phrases are defined in boxes within the text. There are also a number of sections headed 'Try This' that contain some brief exercises with answers at the end. There are also a number of examiner's tips given throughout the book. The contents Theme 1: Markets, Consumers and Firms Scarcity, choice and potential conflicts Enterprise, business and the economy Introducing the the price mechanism Markets, consumers and competition The role of credit in the economy Market failure and government intervention Revenue, costs, profits and cash Glossary of key terms in Theme 1 Theme 2: The Wider Economic Environment Business growth and competitive advantage Firms, consumers and elasticities of demand Productive efficiency Life in a global economy The economic cycle Introduction to macroeconomic policy Glossary of key terms in Theme 2 Answers Index