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DEFINITIONS DEFINITIONS COVERED: CONTENT: COVERED: CONTENT: Elasticity • Definition of income elasticity of demand Elasticity • Definition and formula for the Inferior good • Defining and breaking down the formula Income elasticity income elasticity of demand for the income elasticity of demand of demand • Introducing a clear step by step Luxury good • Explanation that the amount of process which can be applied Income Normal good purchasing power that consumers have across all elasticity values will affect demand for all products Inferior good Income • Two detailed numerical examples • Defining and distinguishing between Luxury good to apply the step by step process Consumer normal and inferior goods to calculate the income elasticity Normal good Income elasticity • Intuition behind the relationship between of demand of demand the quantity demand of a normal good Initial value when income changes Percentage change • Graphical representation of a normal good’s demand curve and the respective Proportionate change factors that cause it to shift • Intuition behind the relationship between the quantity demand of an inferior good when income changes • Graphical representation of an inferior good’s demand curve and the respective factors that cause it to shift 3.1 Price Elasticity of Demand 3.2 Price Elasticity of Supply 3.3 Income Elasticity of Demand 3.4 Cross Elasticity of Demand 3.5 Working with Elasticity Equations Unit 3: Income Elasticity of Demand 36 MODULE 4 Individual Economic Decision Making MODULE 5 Production, Costs and Revenue MODULE 1 The Economic Problem MODULE 2 Demand and Supply MODULE 3 Elasticity • Table to summarise the YED values that correspond to a normal and inferior good

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Social sciences
ASSESSING SYLLABUS showcase key examination
KNOWLEDGE skills. It does not replace the crucial
REQUIREMENTS interventions of teachers in guiding the
development of the graph creation,
If students are directed to complete all extended essay writing skills and tackling
of the course assessments, teachers data response questions.
will have the comfort of knowing that
syllabus knowledge requirements have
been intensively interrogated. This will
also identify where any syllabus gaps CONTENT OF COURSE
exist.This is a major difference relative GUIDE
to a traditional textbook.
For each unit and end of module assessment
The end of module assessments assess we have detailed the following information:
all explicit syllabus requirements and a
1. Learning objective of video lecture
range of additional requirements,
2. Economic terms covered
which we have interpreted as an
implied learning requirement of the 3. The content covered by each video
syllabus. All other assessments assess lecture
learning obtained from video lectures. 4. Relevant details for each question –
This means they provide an additional learning target, learning task and
question style.
measure of syllabus requirements. This
assessment style is less challenging as Students have access to the EzyLexicon,
it is attempting to re-enforce learning which currently provides detailed
from the videos and immediately definitions and supplementary
correct any learning gaps. information relating to over 800 terms.
There is also access to the EzyEconomics
Access is also provided to various items
video archive (a weekly video blog).
of extension material, which support
the learning required by the syllabus
but which are not explicitly detailed in
the syllabus
SKILLS DEVELOPMENT
The nature of the
service means that it
cannot currently do 3
anything more than
MODULE DESCRIPTION A LEVEL AS NEW

2.1 Demand Curves
• •

,AQA Micro – Course Guide

Introduction to Social Sciences • •
1.1 The Economic Problem • •
1.2 Statements and Judgements • •
1.3 PPF • •
1.4 Economic Systems • •
2.2 Supply Curves
• •
2.3 Demand and Supply Analysis
• •
2.4 Applying Demand and Supply Theory
• •
2.5 Interrelationships between Markets
• •
2.6 Consumer and Producer Surplus
• •
3.1 Price Elasticity of Demand
• •
3.2 Price Elasticity of Supply
• •
3.3 Income Elasticity of Demand
• •
3.4 Cross Elasticity of Demand
• •
3.5 Working with Elasticity Equations
• •
4.1 Consumer Behaviour and Imperfect Information
• •
4.2 Behavioural Economics
• •
5.1 Production and Productivity
• •
5.2 Specialisation and Exchange
• •
5.3 Costs of Production
• •
5.4 Economies and Diseconomies of Scale
• •
5.5 Revenue and Profit
• •
6.1 How Prices Allocate Resources
• •
6.2 Market Structures and Objectives of Firms
• •
6.3 Perfect Competition
• •
6.4 Monopolistic Competition
• •
6.5 Creative Destruction and Technological Change
• •
6.6 Growth of Firms
• •
4

, COURSE
OUTLINE


MODULE DESCRIPTION A LEVEL AS NEW
7.1
Monopoly • •
7.2
Monopsony • •
7.3
Oligopoly • •
7.4
Game Theory • •
7.5
Concentration Ratios • •
7.6
Price Discrimination • •
7.7
Contestability • •
7.8
Efficiency • •
8.1 The Labour Market
• •
8.2 Labour Market Imperfections
• •
8.3 Minimum Wages
• •
9.1 Introduction to Market Failure
• •
9.2 Public Goods and Tragedy on the Commons
• •
9.3 Externalities
• •
9.4 Immobility, Inequality and Imperfect Information
• •
9.5 The Environment
• •
Introduction to Government Intervention
• •
10.1 Taxation and Subsidies
• •
10.2 Price Controls, Pollution Permits and Property Rights
• •
10.3 State Provision, Competition Policy and Regulation
• •
10.4 Government Failure
• •
10.5 Cost-Benefit Analysis
• •
11.1 Distribution of Income and Wealth
• •
11.2 Poverty
• •
• Required for AQA Examination Board
• Only some elements required for AQA Examination Board
• Available but NOT required for AQA Examination Board


5
©2016 Ezy Education Ltd

, All rights reserved under international copyright convensions. No part of this document may be reproduced or utilised in any
form or may by any means electronic or mechanical, including photocopying, recording, or by any information storage and
retrieval system, without permission in writing from the owner.



MODULE 1 MODULE 2 scientific enquiry.
The Economic Demand
Problem and Supply

Introduction to Social Sciences
DEFINITIONS
1.1 The Economic Problem
COVERED: CONTENT:
1.2 Statements and Judgements
1.3 Production Possibility Frontier Economics • Identifying why economics is referred to as a
social science
1.4 Economic Systems
MODULE 3 MODULE 4 Social science
MODULE 5 • Explanation that economics uses scientific
Individual Economic Production, Hypotheses
Costs tools of enquiry to study the behaviour of
Elasticity Decision Making and Revenue Assumptions agents – individuals, firms and governments
Models • A breakdown of the types of questions that
the study of economics helps to resolve i.e.
Data how much do economic agents save
Law of demand
• An explanation of the terms used when studying
economics – hypotheses, assumptions, models
and data
• Distinction between the analytical elements of a
study of science with a study of social sciences



Introduction to Social Sciences
Introduction to Social Sciences


LEARNING
Candidates should understand the
OBJECTIVE
nature of
economics
as a subject
and how
thinking as
an
economist
may differ
from other
forms of


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