Book excerpt: Exam Board: Edexcel Level: AS/A-level Subject: Economics First Teaching: September 2015 First Exam: June 2016 Develop your students' knowledge of themes 1 and 2 of the Edexcel specification and put theory into context with focused case studies and practice activities. Maximise their potential in Edexcel A level Economics A with this Edexcel-endorsed textbook, which includes topic-by-topic guidance from Peter Smith: - Keep your students' up to date with the rapidly changing world: new exciting case studies will help them analyse and evaluate - Build their quantitative skills with worked examples and practice activities throughout the book - Ensure they can explain key economic concepts and issues accurately and effectively: learn the key terms throughout the text and in the theme-by-theme glossaries - Feel confident in their exam skills: put what they learn into practice with activities and practice questions Contents Theme 1 Introduction to markets and market failure - Chapter 1 The nature of economics - Chapter 2 The nature of demand - Chapter 3 The nature of supply - Chapter 4 How markets work: price determination - Chapter 5 How markets work: the price mechanism in action - Chapter 6 Market failure and externalities - Chapter 7 Market failure: public goods and information gaps - Chapter 8 Government intervention and government failure Theme 1 key terms Theme 1 practice questions Theme 2 The UK economy - performance and policies - Chapter 9 Measures of economic performance: economic growth - Chapter 10 Measures of economic performance: inflation, unemployment and the balance of payments - Chapter 11 Aggregate demand - Chapter 12 Aggregate supply - Chapter 13 National income and macroeconomic equilibrium - Chapter 14 Economic growth - Chapter 15 Macroeconomic policy objectives - Chapter 16 Macroeconomic policies Theme 2 key terms Theme 2 practice questions Index