Content: A2 Economics P4 Topical
| MICROECONOMICS | |||
| 1 | Consumer Behaviour Analysis | 5 | |
| 2 | Theory of Production and Cost | 37 | |
| 3 | Market Structure (Perfect and Imperfect Markets) | 51 | |
| Â | 3.1 | Significance of MC, AVC, ATC, TFC, TVC, LATC for profit maximising firm | 52 |
| Â | 3.2 | Price and output determination in perfect competition, monopoly, monopolistic competition, Oligopoly (Short-run and Long-run), Game Theory | 57 |
| Â | 3.3 | Objectives of Firms, Principal Agent Problem | 80 |
| Â | 3.4 | Price Discrimination | 89 |
| Â | 3.5 | Contestable Market | 93 |
| 4 | Economic Efficiency, Market Failure, Government Failure, Government Interventions, Cost Benefit Analysis (CBA) | 95 | |
| 5 | Labour Market | 129 | |
| Â | 5.1 | Wage Determination in Perfect and Imperfect Markets | 130 |
| Â | 5.2 | Wage Inequalities, Wage Differentials | 151 |
| Â | 5.3 | Role of Trade Union in Wage Determination | 163 |
| MACROECONOMICS | |||
| 6 | Inequalities and Policies to make Distribution of Income Equal | 171 | |
| 7 | Economic Growth and Economic Development | 177 | |
| Â | 7.1 | Indicators of living standard | 178 |
| Â | 7.2 | Factors, causes and effects of economic growth and developments | 197 |
| Â | 7.3 | Features, Problems & Characteristics of Developing & Developed Countries | 211 |
| Â | 7.4 | Government Policies to Promote Economic Growth and Development | 225 |
| 8 | Classical and Keynesians Theory of Income and Employment (2,3 & 4 Sectors) | 235 | |
| Â | 8.1 | Determination of Equilibrium level of National Income, Multiplier and Accelerator. Inflationary and Deflationary Gaps | 236 |
| Â | 8.2 | Determinants of investment. Paradox of thrift | 249 |
| 9 | Determination of Interest Rate | 255 | |
| Â | 9.1 | Liquidity Preference Theory. Loanable fund theory | 256 |
| Â | 9.2 | Functions & Characteristics of Money Specialization, Division of Labour | 269 |
| 10 | Macroeconomic Problems, Objectives and Policies | 273 | |
| Â | 10.1 | Structure & use of Fiscal, Monetary & Supply-side Policies, Money & Banking. Laffer Curve, Philips Curve | 274 |
| Â | 10.2 | Macroeconomic aims and conflict in Aims | 297 |
| 11 | Unemployment | 315 | |
| Â | 11.1 | Causes, Types, Effects and measurement of unemployment. Polices to reduce unemployment | 316 |
| 12 | Balance of Payment (BoP) | 327 | |
| Â | 12.1 | Structure of BoP Account | 328 |
| Â | 12.2 | Causes of BoP Disequilibrium (BoP Deficit), (BoP Surplus) | 329 |
| Â | 12.3 | Effects of BoP Deficit or Surplus | 331 |
| Â | 12.4 | Government Policies to Correct BoP Deficit (Devaluation and Overvaluation) | 332 |
| 13 | Exchange Rates | 339 | |
| Â | 13.1 | Determination of Exchange Rate (ER) | 340 |
| Â | 13.2 | Types, Fixed ER, Managed Floating ER. (A2), Flexible ER. (AS) | 341 |
| Â | 13.3 | Effects of Devaluation and Overvaluation of Currency | 348 |
| 14 | Data Response | 351 | |
| A. | Micro Economics | 352 | |
| B. | Macro Economics | 407 | |
| Cambridge Specimen Paper 2 for 2023-2025 Exams | 481 | ||
