Conseils
Edexcel International A-Level Economics (XEC11/YEC11) begins with markets and market failure, then studies economic performance and policy. Later units develop business behaviour and the global economy. Demand and supply, incentives and opportunity cost help explain choices; aggregate models connect spending, output, employment and prices.
An economic model gives a conditional explanation. State what changes, trace the effect on consumers, firms or governments, and identify what must stay constant. Evaluation then considers how the result depends on the evidence, the time period and the assumptions. A balanced answer ends with a supported judgement about the case in the question.
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1
Choix, modèles et ajustement du marché
- 1.1 Choix, modèles et ajustement du marché
- 1.1 Introductory concepts
- 1.2 Consumer behaviour and demand
- 1.2 Elasticities of demand
- 1.3 Offre
- 1.4 Price determination, surplus and the price mechanism
- 1.4 Indirect taxes and subsidies
- 1.4 Checklist
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2
Défaillances du marché et intervention gouvernementale
- 2.1 Défaillances du marché et intervention gouvernementale
- 2.1 Sources of market failure
- 2.1 Externalités
- 2.1 Public goods, information gaps, moral hazard and bubbles
- 2.2 Government intervention: purpose and methods
- 2.2 Government failure
- 2.1 2.2 Data-response practice (Section B style)
- 2.1 2.2 Checklist
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3
Mesures de production, dépenses et multiplicateur
- 3.1 Mesures de production, dépenses et multiplicateur
- 3.1 Measures of economic performance
- 3.2 Aggregate demand
- 3.2 Aggregate supply
- 3.3 National income and the multiplier
- 3.4 Croissance économique
- 3.1 Data-response practice (Section B style)
- 3.1 Checklist
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4
Inflation, chômage et jugements sur la politique économique
- 4.1 Inflation, chômage et jugements sur la politique économique
- 4.1 Macroeconomic objectives
- 4.1 Conflicts between objectives
- 4.2 Supply-side policies
- 4.2 Demand-side policies and the central bank
- 4.2 Data-response practice (Section B style)
- 4.2 Checklist
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5
Entreprises, coûts, croissance et concurrence
- 5.1 Entreprises, coûts, croissance et concurrence
- 5.1 Types, sizes and growth of businesses
- 5.1 Objectifs d'entreprise
- 5.1 Revenue, costs and profits
- 5.1 Économies et déséconomies d'échelle
- 5.2 Efficiency and concentration
- 5.2 Market structures: competition to monopoly
- 5.2 Monopsony and contestability
- 5.1 5.2 Data-response practice (Section B style)
- 5.1 5.2 Checklist
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6
Marchés du travail et intervention gouvernementale
- 6.1 Marchés du travail et intervention gouvernementale
- 6.1 The demand for and supply of labour
- 6.1 Wage determination and labour market failure
- 6.2 Government intervention in product markets
- 6.2 Government intervention in labour markets
- 6.1 6.2 Data-response practice (Section B style)
- 6.1 6.2 Checklist
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7
Monde globalisé, commerce et finances internationales
- 7.1 Monde globalisé, commerce et finances internationales
- 7.1 Globalisation
- 7.1 Specialisation and comparative advantage
- 7.1 Terms of trade, trading blocs and protectionism
- 7.2 Balance of payments and exchange rates
- 7.2 International competitiveness
- 7.2 Data-response practice (Section B style)
- 7.2 Checklist
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8
Pauvreté, État et développement
- 8.1 Pauvreté, État et développement
- 8.1 Pauvreté
- 8.1 Inégalité
- 8.1 Public expenditure, taxation and borrowing
- 8.1 Macroeconomic policies and the state
- 8.2 Growth and development
- 8.2 Data-response practice (Section B style)
- 8.2 Checklist
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