Summary:
This textbook has been written specifically to meet the needs of AS students following the AQA specification.

AQA AS Economics provides detailed coverage of the content of the two AS units. A short introductory section gives an introduction to economics and discusses the different types of economic system and the nature of the economic problem.

Unit themes are clearly explained, and special emphasis is given to the theories students need to know and apply. Each chapter also includes definitions of key terms and concepts, an examiner’s voice that identifies important points and offers exam guidance, and a case study placing the theory in a real-world context. Each chapter concludes with a summary and a set of review questions that can be used to assess understanding and for revision.

Sample exam-style questions, together with graded answers and detailed commentaries is available online. Go to www.hodderplus.co.uk/philipallan.

This comprehensive text provides a thorough foundation for the course and is essential reading for AQA economics students. An accompanying Teacher Guide, available for purchase by teachers, offers answers to the review questions as well as providing a range of classroom support materials.

• Matches the structure and content of the new AS specification
  More accessible than AQA Advanced Economics
  Useful summaries and self-testing questions
  Exam technique CD-ROM with sample Q&As plus commentaries
  Written by: Ray Powell, AQA Chief Examiner and Economics teacher at Wimbledon High School
  Supporting teacher guide comprising:
  * Answers to all end-of-chapter questions
  * PowerPoint classroom presentations
  * Resource pack plus CD - £59.99
  AQA A2 textbook and teacher guide to follow in May 2009

Table of Contents:
Introduction
Chapter 1: What is Economics and What do Economists do?
Chapter 2: The Economic Problem
Unit 1: Markets and Market Failure
Chapter 3: The Demand for Goods and Services
Chapter 4: The Supply of Goods and Services
Chapter 5: Bringing Demand and Supply together in a Competitive Market
Chapter 6: Elasticity of Demand and Supply
Chapter 7: Markets at Work
Chapter 8: Production, Specialisation and Exchange
Chapter 9: Introducing Market Failures
Chapter 10: Private Goods, Public Goods and Externalities
Chapter 11: Merit Goods and Demerit Goods
Chapter 12: Monopoly and other Market Failures
Chapter 13: Government Intervention in the Economy
Chapter 14: Government Failures
Unit 2: The National Economy
Chapter 15: Introducing Macroeconomics
Chapter 16: The Objectives of Macroeconomic Policy
Chapter 17: Economic Growth and the Economic Cycle
Chapter 18: Circular Flow and Aggregate Demand
Chapter 19: The Aggregate Demand and Aggregate Supply Macroeconomic Model
Chapter 20: Full Employment and Unemployment
Chapter 21: Price Stability and Inflation
Chapter 22: The Balance of Payments
Chapter 23: Managing the Economy: Monetary Policy
Chapter 24: Managing the Economy: Fiscal Policy
Chapter 25: Managing the Economy: Supply-Side Policies
Chapter 26: Evaluating Macroeconomic Performance

About the Author(s):
Ray Powell is a Chief Examiner in AS and A-level economics. He is currently Head of Economics at Wimbledon High School and is author of the AQA economics Student Unit Guides, also published by Philip Allan Updates.