This textbook has been fully revised to reflect the 2015 AQA Economics specification, giving you up-to-date material that support your teaching and will enable your students to:
- Develop subject knowledge with topic-by-topic support from Ray Powell and James Powell, who are experienced in teaching and examining - Demonstrate awareness of current issues in economics through brand new case studies that also help build analytical and evaluative skills - Explain important concepts and issues effectively; key terms throughout the text and in the microeconomic and macroeconomic glossaries help to establish the language of economics - Build quantitative skills with worked examples - Stretch and challenge their knowledge with extension materials - Prepare for exams with practice questions and activities throughout Contents Part 1 Microeconomics Chapter 1: The economic problem and economic methodology Chapter 2: Price determination in a competitive market Chapter 3: Production, costs and revenue Chapter 4: Competitive and concentrated markets Chapter 5: The market mechanism, market failure and government intervention in markets Part 2: Macroeconomics Chapter 6: The measurement of macroeconomic performance Chapter 7: How the macroeconomy works: the circular flow of income, AD/AS analysis, and related concepts Chapter 8: Economic performance Chapter 9: Macroeconomic policy
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