208 Pages
72 B/W Illustrations
by
Routledge
208 Pages
72 B/W Illustrations
by
Routledge
Economics as a subject helps equip young people with the knowledge and skills they need to understand and navigate the complexities of the world around them. This book supports teachers, particularly those that are new to the profession or who may not be economics specialists, in teaching the key topics so they can plan and deliver lessons that maximise students’ understanding.
Covering the... Read more
1. Introduction
2. Demand, supply and the market mechanism
3. The price elasticity of demand
4. The price elasticity of supply
5. Externalities and representing them graphically
6. The law of diminishing marginal returns and short-run cost curves
7. Economies of scale and long-run average costs
8. Oliogopoly and the kinked demand curve
9. Long-run aggregate supply
10. Monetary policy and quantitative easing
11. Inflation and price stability
12. The Phillips curve and the natural rate of unemployment
13. Absolute and comparative advantage
14. Terms of trade
Biography
Antony Pazik is Head of Business and Economics at a school in Northeast London.
