A LEVEL ECONOMICS: Unit-1: Markets in Action

Curriculum

26 Sections
60 Lessons
156 Weeks

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Elasticity of Demand
3
- 1.1
  Elasticity of Demand : Definition (Slightly different)
- 1.2
  Elasticity of Demand: Formula (Don’t memorize)
- 1.3
  Elasticity of Demand : Problem Solving (So easy, Most Important Part)
Elasticity of Supply
3
- 2.1
  Elasticity of Supply : Definition (Slightly different)
- 2.2
  Elasticity of Supply : Formula (No need to memorize)
- 2.3
  Elasticity of Supply : Formula (Problem Solving: Most Important Part)
Income Elasticity of Demand/Supply
3
- 3.1
  IED : Definition (Slightly different)
- 3.2
  IED : Formula (Don’t memorize)
- 3.3
  IED : Problem Solving (Most Important Part – So Easy)
Cross Elasticity of Demand
3
- 4.1
  CED: Definition (Slightly different)
- 4.2
  CED : Formula (Don’t memorize)
- 4.3
  CED : Problem Solving (Most Important Part – So Easy)
Habitual/ Consumer Behavior
2
- 5.1
  Definition (Slightly different)
- 5.2
  Problem Solving (Most Important Part – So Easy)
Govt. Failure
2
- 6.1
  Definition (Slightly different)
- 6.2
  Problem Solving (Most Important Part – So Easy)
Market Failure
2
- 7.1
  Definition (Slightly different)
- 7.2
  Problem Solving (Most Important Part – So Easy)
Production Possibility Frontier-PPF
2
- 8.1
  Definition (Slightly different)
- 8.2
  Problem Solving (Most Important Part – So Easy)
Capital Market
3
- 9.1
  What is a capital market?
- 9.2
  Elements of Capital Market?
- 9.3
  Problem Solving (Most Important Part – So Easy)
Demand / Supply
2
- 10.1
  Definition
- 10.2
  Problem Solving (Most Important Part – So Easy)
Market Mechanism
2
- 11.1
  How does market system works?
- 11.2
  Problem Solving (Most Important Part – So Easy)
Division of Labour
2
- 12.1
  Definition (Slightly different)
- 12.2
  Problem Solving (Most Important Part – So Easy)
Welfare Gain/Loss
2
- 13.1
  Definition
- 13.2
  Some Problem Solving (Most Important Part – So Easy)
Carbon Permits/ Tradable Carbon Permits
2
- 14.1
  Definition
- 14.2
  Problem Solving (Most Important Part – So Easy)
Utility
2
- 15.1
  Definition
- 15.2
  Some Problem Solving (Most Important Part – So Easy)
Positive/ Normative Statement
2
- 16.1
  Definition
- 16.2
  Problem Solving (Most Important Part – So Easy)
Employment/Unemployment
2
- 17.1
  Definition
- 17.2
  Some Problem Solving (Most Important Part – So Easy)
Subsidy
2
- 18.1
  Definition
- 18.2
  Problem Solving (Most Important Part – So Easy)
Renewable/ Non-renewable energy
2
- 19.1
  Definition
- 19.2
  Some Problem Solving (Most Important Part – So Easy)
Role of Government
2
- 20.1
  Definition
- 20.2
  Problem Solving (Most Important Part – So Easy)
Taxation
2
- 21.1
  Definition
- 21.2
  Some Problem Solving (Most Important Part – So Easy)
Consumer Surplus/ Producer Surplus
2
- 22.1
  Definition
- 22.2
  Problem Solving (Most Important Part – So Easy)
Buffer Stock
2
- 23.1
  Definition
- 23.2
  Some Problem Solving (Most Important Part – So Easy)
Minimum / Maximum Price
2
- 24.1
  Definition
- 24.2
  Problem Solving (Most Important Part – So Easy)
Types of Economy
5
- 25.1
  Free Market/Capitalistic Economy
- 25.2
  Planned Economy
- 25.3
  Mixed Economy
- 25.4
  Islamic Economy
- 25.5
  Problem Solving (Most Important Part – So Easy)
Insurance
2
- 26.1
  Definition
- 26.2
  Some Problem Solving (Most Important Part – So Easy)

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CED : Problem Solving (Most Important Part – So Easy)

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