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AQA Economics - A Level Study Notes

Last updated 11 Jul 2024

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This collection brings together study notes linked to the AQA Economics Specification.

4.1.1 Economic methodology and the economic problem

4.1.1.1 Is Economics a Social Science? (AQA)

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4.1.1.1 How value judgements influence economic decision making and policy (AQA)

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4.1.1.1 Differences between Positive and Normative Statements (AQA)

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4.1.1.1 Differences between Economics and Natural Sciences (AQA)

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4.1.1.2 Central purpose of economic activity

4.1.1.2 The central purpose of economic activity

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4.1.1.3 Economic Resources

4.1.1.3 Economic Resources

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4.1.1.4 The Environment as a Scarce Economic Resource (AQA)

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4.1.1.4 Scarcity, choice and the allocation of resources

4.1.1.4 What is opportunity cost?

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4.1.1.5 Production Possibility Diagrams

4.1.1.5 Production Possibility Diagrams (AQA)

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4.1.2 Individual Economic Decision Making

4.1.2.1 Consumer Behaviour - Utility Theory (AQA)

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4.1.2 Individual Economic Decision Making (AQA)

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4.1.2.3 Biases in Decision Making - Social Norms (AQA)

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4.1.2.3 Biases in Decision Making - The Anchoring Effect (AQA)

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4.1.2.3 Biases in Decision Making - Using Rules of Thumb (AQA)

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4.1.2.3 Difference between bounded rationality and bounded self-control (AQA)

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4.1.2.4 Behavioural economics and economic policy

4.1.2.4 Behavioural Economics - Choice Architecture (AQA)

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4.1.2.4 Behavioural Economics - Restricted Choice and Mandated Choice (AQA)

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4.1.2.3 Aspects of Behavioural Economic Theory (AQA Economics)

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4.1.2.4 Behavioural economics and economic policy (AQA Economics)

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4.1.2.2 Imperfect information

4.1.2.2 The Importance of Information for Decision Making

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4.1.3.1 The determinants of the demand for goods and services

4.1.3.1 Determinants of Demand for Goods and Services

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4.1.4 Production, costs and revenue

4.1.5.7 Price Discrimination (AQA Economics)

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4.1.5.2 Business Objectives (AQA Economics)

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4.1.4.8 Technological Change (AQA Economics)

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4.1.4.7 Profit (AQA Economics)

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4.1.4.4 Costs of production (AQA Economics)

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4.1.4.3 Law of diminishing returns and returns to scale (AQA Economics)

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4.1.4.2 Specialisation, division of labour and exchange (AQA Economics)

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4.1.4.1 Production and Productivity (AQA Economics)

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4.1.5 Perfect competition, imperfectly competitive markets and monopoly

4.1.5.1 Market structures (AQA Economics)

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4.1.5.3 Perfect Competition (AQA Economics)

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4.1.5.2 Objectives of Firms (AQA Economics)

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