WJEC A-level Economics A520QS · 38
The balance of payments
- Code
- 38
- Topic of
- WJEC A-level Economics A520QS
- Course
- A-level Economics A520QS
- Board
- WJEC
Grade boundaries·WJEC command words
Codes and titles are read by a script from WJEC's published specification and have not been checked by a person. What each point covers is in the specification itself: WJEC’s specification.
Points under 38
Topics in A520QS
- 1 Scarcity, choice and opportunity cost
- 2 Production possibility frontiers (PPFs)
- 3 Specialisation, division of labour and exchange
- 4 Factors influencing demand and supply in product markets
- 5 The determination of equilibrium price and output in a freely competitive market
- 6 Consumer and producer surplus
- 7 Price, income and cross price elasticities of demand, price elasticity of supply
- 8 Wage determination
- 9 Labour market issues
- 10 How resources are allocated in a free market economy
- 11 Costs, revenues and profits
- 12 The growth of firms
- 13 Efficiency
- 14 Background to market structures
- 15 Business objectives
- 16 Perfect competition
- 17 Monopolistic competition
- 18 Monopoly
- 19 Oligopoly
- 20 Competition policy
- 21 Privatisation
- 22 Understanding market failure
- 23 Why and how governments intervene in markets
- 24 The effects of government intervention
- 25 The circular flow of income model
- 26 The components of aggregate demand (AD)
- 27 The AD function
- 28 The aggregate supply (AS) function
- 29 Short run aggregate supply (SRAS)
- 30 Long run aggregate supply (LRAS)
- 31 AD/AS analysis
- 32 The short run Phillips curve
- 33 The long run Phillips curve
- 34 Government policy objectives
- 35 Economic growth
- 36 Unemployment
- 37 Inflation and deflation
- 38 The balance of payments
- 39 Control of the national (public sector) debt
- 40 Fiscal policy
- 41 Monetary policy
- 42 Exchange rates and exchange rate policy
- 43 Supply side policies
- 44 Advantages and disadvantages of free trade
- 45 Protectionism
- 46 Globalisation
- 47 Trade and the UK
- 48 European Union
- 49 Measurement
- 50 Obstacles
- 51 Solutions