Description
Book SynopsisDeveloped by authors with wide ranging experience of teaching and examining, this comprehensive guide provides support for exam preparation and practice, as well as answers to questions and activities from the coursebook. Detailed teaching notes for each chapter include guidance around learning and assessment objectives, suggested activities, advice on handling misconceptions and details of subject specific vocabulary. PowerPoint slides featuring diagrams from the book are also available to use when teaching.
Table of ContentsIntroduction to the Student and Teacher; Unit 1. Introduction to Economics: Chapter 1. The Foundations of Economics; Unit 2. Microeconomics: Chapter 2. Competitive markets: demand and supply; Chapter 3. Elasticities; Chapter 4. Government intervention in microeconomics; Chapter 5. Market failure and socially undesirable outcomes I: Common pool resources and negative externalities; Chapter 6. Market failure and socially undesirable outcomes II: Positive externalities, public goods, asymmetric information and inability to achieve equity; Chapter 7. Market failure and socially undesirably outcomes III: Market power (HL only); Unit 3. Macroeconomics: Chapter 8. The level of overall economic activity; Chapter 9. Aggregate demand and aggregate supply; Chapter 10. Macroeconomic objectives I: Low unemployment, low and stable rate of inflation; Chapter 11. Macroeconomic objectives II: Economic growth, sustainable level of debt; Chapter 12. Economics of inequality and poverty; Chapter 13. Demand-side and supply-side policies; Unit 4. The Global Economy: Chapter 14. International trade: Part 1; Chapter 15. International trade: Part 2; Chapter 16. Exchange rates and the balance of payments; Chapter 17. Further topics on exchange rates and the balance of payments (HL only); Chapter 18. Understanding economic development; Chapter 19. Barriers to economic growth and economic development; Chapter 20. Strategies to promote economic growth and economic development; Glossary
