AS-Level Economics Study Plan
3rd September – 8th September
Ch#1 : Basic Economic Ideas and Resource Allocation
1.
2.
3.
4.
5.
6.
Scarcity, Choice and Opportunity Cost
Economic Methodology
Factors of Production
Resources allocation in different economic systems
Production possibility curves
Classification of goods and services
Attempt end of unit exam style questions and topical of p1 and p2
9th September – 14 September
Ch#2: The price system and the micro-economy
1.
2.
3.
4.
Demand and Supply curves
Price elasticity, income elasticity and cross elasticity of demand
The interaction of demand and supply
Consumer and Producer Surplus
Attempt end of unit exam style questions and topical of p1 and p2
15 Sep – 20 Sep
Ch#3: Government Microeconomic intervention
1. Reasons for government intervention in markets
2. Methods and effects of government intervention in markets
3. Addressing income and wealth inequality
Attempt end of unit exam style questions and topical of p1 and p2
21 Sep – 26 Sep
Ch#4: The macro-economy
1. National income statistics
2. Introduction to the circular flow of income
3.
4.
5.
6.
Aggregate demand and aggregate supply analysis
Economic growth
Unemployment
Price stability
Attempt end of unit exam style questions and topical of p1 and p2
27 Sep – 2 Oct
Ch#5: Government macro-economic intervention
1.
2.
3.
4.
Government macro-economic policy
Fiscal Policy
Monetary Policy
Supply-Side Policy
Attempt end of unit exam style questions and topical of p1 and p2
2nd October – 7 October
Ch#6: International economic issues
1.
2.
3.
4.
5.
The reasons for international trade
Protectionism
Current account of the balance of payments
Exchange rates
Policies to correct imbalances in the current account of the balance of
payments
Attempt end of unit exam style questions and topical of p1 and p2