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Economics Flashcards

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AQA AS Level Economics flashcards by topic: the key terms, economic models and real-world case studies you need to recall for Paper 1 and Paper 2.

1 Individuals, firms, markets and market failure

1.1 Economic methodology and the economic problem

1.3 Price determination in a competitive market

1.4 Production, costs and revenue

1.5 Perfect competition, imperfectly competitive markets and monopoly

1.8 The market mechanism, market failure and government intervention in markets

2 The national and international economy

2.1 The measurement of macroeconomic performance

2.2 How the macroeconomy works: the circular flow of income, aggregate demand/aggregate supply analysis and related concepts

2.3 Economic performance

2.5 Fiscal policy and supply-side policies