149 Economics AS level P2 Topical Past Papers

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BASIC ECONOMIC IDEAS 8
1.1 SCARCITY 8
1.2 EFFECT OF GROWTH AND TRADE ON SCARCITY 9
1.3 SHIFTS OF PPC 9
1.4 USES OF PPC 11
1.5 SLOPE OF PPC 13
1.6 CLASSIFICATION OF GOODS AND SERVICES 14
1.7 BASIC ECONOMIC QUESTIONS 22
1.8 ECONOMIC SYSTEMS 23
1.9 CONTRIBUTION OF FACTORS OF PRODUCTION 28
D/S & EQUILIBRIUM 32
2.1 DETERMINANTS OF DEMAND 32
2.2 EQUILIBRIUM AND CHANGES IN EQUILIBRIUM 32
2.3 FUNCTIONS OF PRICE 35
ELASTICITY 38
3.1 TYPES OF ELASTICITY 38
3.2 PRACTICAL USES OF ELASTICITY 41
3.3 DETERMINANTS OF PED & PES 47
ROLE OF GOVERNMENT IN MICRO-ECONOMY 54
4.1 CONSUMER SURPLUS 54
4.2 ROLE OF GOVT. IN PRICE MECHANISM 55
AGGREGATE DEMAND (AD) & AGGREGATE SUPPLY (AS) 64
5.1 AD & AS 64
MONEY & INFLATION 66
6.1 FUNCTION OR CHARACTERISTICS OF MONEY 66
6.2 DIVISION OF LABOUR 67
6.3 CAUSES OF INFLATION 69
6.4 EFFECTS OF INFLATION 74
6.5 EFFECTS OF INFLATION ON FUNCTIONS OF MONEY 78
6.6 MEASUREMENT OF INFLATION 79
6.7 PROBLEMS OF MEASUREMENT OF INFLATION 80
INTERNATIONAL TRADE 84
7.1 THEORY OF ABSOLUTE & COMPARATIVE ADVANTAGE 84
7.2 LIMITATIONS OF THEORY OF ABSOLUTE & COMPARATIVE ADVANTAGE 86
7.3 OBSTACLES OF INTERNATIONAL TRADE 88
7.4 MEANING & CHANGES IN TERMS OF TRADE 88
7.5 EFFECTS OF CHANGES IN TERMS OF TRADE 89
7.6 METHODS OF PROTECTIONISM 91
7.7 ADVANTAGES & DISADVANTAGES OF PROTECTIONISM 92
7.8 INTERNATIONAL ECONOMIC INTEGRATION 94
EXCHANGE RATE 98
8.1 DETERMINATION OF EXCHANGE RATE 98
8.2 CAUSES OF EXCHANGE RATE DEPRECIATION & APPRECIATION 98
8.3 EFFECTS OF EXCHANGE RATE DEPRECIATION & APPRECIATION 100
8.4 ADVANTAGES & DISADVANTAGES OF EXCHANGE RATE SYSTEMS 103
BALANCE OF PAYMENT 106
9.1 BALANCE OF PAYMENTS ACCOUNTS 106
9.2 CAUSES OF BALANCE OF PAYMENTS DISEQUILIBRIUM 106
9.3 EFFECTS OF BALANCE OF PAYMENTS DISEQUILIBRIUM 107
GOVT INTERVENTION IN A MACRO-ECONOMY 110
10.1 TYPES OF MACROECONOMIC POLICIES 110
10.2 POLICIES FOR BALANCE OF CURRENT ACCOUNT DEFICIT 112
10.3 POLICIES TO CORRECT DEMAND-PULL INFLATION 115