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A-Level Economics

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12 video lessons

18:39 Topic 1 Basic Economic Ideas Write down everything you want. A phone, a bigger home, travel, a good education. The list never ends. Now look at what the world has: a fixed amount of land… 20:01 Topic 1 The Fundamental Economic Problem Think of everything you want. A better phone. More free time. Now think of what the world actually has: a fixed amount of land, a fixed number of workers, and… 16:11 Topic 2 The price system and the microeconomy Nobody in this market is in charge. No official decides what a kilo of tomatoes should cost. Yet every stall has a price, and by evening almost everything is… 14:54 Topic 3 Government microeconomic intervention This power station makes electricity, and you pay for the electricity. But the people living beside it breathe the smoke, and they never agreed to anything.… 17:12 Topic 4 The macroeconomy A city at night: every light is somebody working, building, selling. A shelf of food: every price tag changed this year. An economy is too big to see, so we… 8:52 Topic 5 Government macroeconomic intervention Prices are rising fast. Jobs are hard to find. Growth has stopped. Who fixes that? Two buildings decide. In one, the government chooses what to spend and what… 9:07 Topic 6 International economic issues Look at the label on your phone, your shoes, your desk lamp. Almost none of it was made in the country where you are sitting. It arrived in steel boxes, on… 18:50 Topic 7 The price system and the microeconomy (A Level) Look at these shoppers. Each has a limited budget, and every extra thing they buy gives a little less pleasure than the last. Now a huge steel plant: it makes… 8:20 Topic 8 Government microeconomic intervention (A Level) Three ordinary pictures. Cigarettes, sold cheaply to anyone who wants them. A hillside of tin roofs, looking down on a rich city district. A factory floor… 8:33 Topic 9 The macroeconomy (A Level) Look at one building going up. Someone is paying for steel, for concrete, for wages. But the story does not stop there. The builders take those wages home and… 7:13 Topic 10 Government macroeconomic intervention (A Level) Inside a building like this one, a small committee meets and changes a single number: the interest rate. Nothing is built. Nothing is bought. Yet within days… 8:57 Topic 11 International economic issues (A Level) A country's money loses a fifth of its value overnight. Exports are suddenly cheap, imports suddenly dear, so the trade gap should close at once. It does not.…

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