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Description Economics AS Level Paper TABLE OF CONTENTS SECTION B (ESSAYS) UNIT 1: BASIC ECONOMIC IDEAS 1.1 SCARCITY 1.2 EFFECT OF GROWTH AND TRADE ON SCARCITY 1.3 SHIFTS OF PPC 1.4 USES OF PPC 1.5 SLOPE OF PPC 1.6 CLASSIFICATION OF GOODS AND SERVICES 1.7 BASIC ECONOMIC QUESTIONS 1.8 ECONOMIC SYSTEMS 1.9 CONTRIBUTION OF FACTORS OF PRODUCTION UNIT 2: D/S & EQUILIBRIUM 2.1 DETERMINANTS OF DEMAND 2.2 EQUILIBRIUM AND CHANGES IN EQUILIBRIUM 2.3 FUNCTIONS OF PRICE UNIT 3: ELASTICITY 3.1 TYPES OF ELASTICITY 3.2 PRACTICAL USES OF ELASTICITY 3.3 DETERMINANTS OF PED & PES UNIT 4: ROLE OF GOVERNMENT IN MICRO-ECONOMY 4.1 CONSUMER SURPLUS 4.2 ROLE OF GOVT N PRICE MECHANISM UNIT 5: AGGREGATE DEMAND (AD) & AGGREGATE SUPPLY (AS) 5.1 AD & AS UNIT 6: MONEY & INFLATION 6.1 FUNCTION OR CHARACTERISTICS OF MONEY 6.2 DIVISION OF LABOUR 6.3 CAUSES OF INFLATION 6.4 EFFECTS OF INFLATION 6.5 EFFECTS OF INFLATION ON FUNCTIONS OF MONEY 6.6 MEASUREMENT OF INFLATION 6.7 PROBLEMS OF MEASUREMENT OF INFLATION UNIT 7: INTERNATIONAL TRADE 7.1 THEORY OF ABSOLUTE & COMPARATIVE ADVANTAGE 7.2 LIMITATIONS OF THEORY OF ABSOLUTE & COMPARATIVE ADVANTAGE 7.3 OBSTACLES OF INTERNATIONAL TRADE 7.4 MEANING & CHANGES IN TERMS OF TRADE 7.5 EFFECTS OF CHANGES IN TERMS OF TRADE 7.6 METHODS OF PROTECTIONISM 7.7 ADVANTAGES & DISADVANTAGES OF PROTECTIONISM 7.8 INTERNATIONAL ECONOMIC INTEGRATION UNIT 8: EXCHANGE RATE 8.1 DETERMINATION OF EXCHANGE RATE 8.2 CAUSES OF EXCHANGE RATE DEPRECIATION & APPRECIATION 8.3 EFFECTS OF EXCHANGE RATE DEPRECIATION & APPRECIATION 8.4 ADVANTAGES & DISADVANTAGES OF EXCHANGE RATE SYSTEMS UNIT 9: BALANCE OF PAYMENT 9.1 BALANCE OF PAYMENTS ACCOUNTS 9.2 CAUSES OF BALANCE OF PAYMENTS DISEQUILIBRIUM 9.3 EFFECTS OF BALANCE OF PAYMENTS DISEQUILIBRIUM UNIT:10 GOVT INTERVENTION IN A MACRO-ECONOMY 10.1 TYPES OF MACROECONOMIC POLICIES 10.2 POLICIES FOR BALANCE OF CURRENT ACCOUNT DEFICIT 10.3 POLICIES TO CORRECT DEMAND-PULL INFLATION 1: D/S/EQUILIBRIUM & ELASTICITY MARCH 2016/P22/Q1 NOVEMBER 2015/P21/Q1 JUNE 2015/P21/Q1 NOVEMBER 2014/P23/Q1 NOVEMBER 2014/P21/Q1 JUNE 2013/P23/Q1 JUNE 2013/P22/Q1 NOVEMBER 2012/P23/Q1 NOVEMBER 2012/P22/Q1 NOVEMBER 2012/P21/Q1 NOV 2011/P23/Q1 NOV 2011/P21/Q1 JUNE 2011/P21/Q1 JUNE 2010/P23/Q1 JUNE 2010/P21/Q1 NOV 2009/P21/Q1 NOV 2008/P2/Q1 NOV 2006/P2/Q1 JUNE 2005/P2/Q1 NOV 2003/Q1 2: MONEY & INFLATION NOVEMBER 2017/P22/Q1 JUNE 2017/P23/Q1 JUNE 2015/P23/Q1 NOVEMBER 2013/P22/Q1 NOVEMBER 2013/P21/Q1 JUNE 2012/P21/Q1 NOV 2009/P22/Q1 JUNE 2004/P2/Q1 3: INTERNATIONAL ECONOMY NOVEMBER 2017/P21/Q1 JUNE 2017/P22/Q1 JUNE 2017/P21/Q1 JUNE 2016/P23/Q1 JUNE 2016/P22/Q1 JUNE 2016/P21/Q1 NOVEMBER 2015/P23/Q1 NOVEMBER 2015/P22/Q1 JUNE 2015/P22/Q1 NOVEMBER 2014/P22/Q1 JUNE 2014/P22/Q1 JUNE 2014/P21/Q1 NOVEMBER 2013/P23/Q1 JUNE 2013/P21/Q1 JUNE 2012/P23/Q1 JUNE 2012/P22/Q1 NOV 2011/P22/Q1 JUNE 2011/P23/Q1 JUNE 2011/P22/Q1 NOV 2010/P22/Q1 JUNE 2009/P2/Q1 JUNE 2008/P2/Q1 NOV 2007/P2/Q1 JUNE 2006/P2/Q1 NOV 2005/P2/Q1 NOV 2004/P2/Q1 JUNE 2003/P2/Q1
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