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First year of A-level (AS)

A-level Economics Year 12 revision

Notes, diagrams and exam-style questions for every topic in A-level Economics Year 12, for AQA, OCR, Edexcel and Cambridge. The first part of each topic is free to read here, with practice questions and answers.

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Topics

Topic 1MicroeconomicsThis topic sets out the core ideas of microeconomics: scarcity, choice and how markets allocate resources.7 subtopics · 202 questionsTopic 2MacroeconomicsMacroeconomics studies the economy as a whole: growth, jobs, prices and trade.8 subtopics · 285 questionsTopic 3Demand, supply and elasticityThis topic looks closely at how demand and supply work, and how responsive they are to change.8 subtopics · 221 questionsTopic 4Production, costs and revenueThis topic explains how firms turn inputs into output, what it costs them, and how they decide how much to produce.7 subtopics · 174 questionsTopic 5Competitive and concentrated marketsThis topic compares market structures, from perfect competition to monopoly, and judges how efficient each one is.8 subtopics · 266 questionsTopic 6Market failureThis topic explains the different ways that free markets can fail to allocate resources efficiently.7 subtopics · 274 questionsTopic 7Government intervention in marketsThis topic evaluates the tools governments use to correct market failure.7 subtopics · 194 questionsTopic 8Aggregate demand and aggregate supplyThis topic builds the model of aggregate demand and aggregate supply, used to analyse the whole economy.8 subtopics · 350 questionsTopic 9Economic performanceThis topic examines how well the economy performs on growth, inflation, jobs, trade and fairness.8 subtopics · 334 questionsTopic 10Macroeconomic policyThis topic evaluates how governments and central banks manage the economy.8 subtopics · 365 questionsTopic 11Quantitative skills in economicsThis topic practises the maths skills you need for economics exams.7 subtopics · 268 questions

Economics at other levels