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Revision — Edexcel Economics (4EC1) — EC2 Excel

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Edexcel Economics (4EC1) — key learnings, examiner-sourced common mistakes, flashcards and practice questions, organised by the 4EC1 syllabus.

Section 1.1 · The Market System

1.1.1The economic problemView →
1.1.2DemandView →
1.1.3Supply and price determinationView →
1.1.4Price elasticity of demand, income elasticity of demand, cross-price elasticity of demand and price elasticity of supplyView →
1.1.5Market economic systemView →
1.1.6Externalities and market failureView →

Section 1.2 · Business Economics

1.2.1The organisation of productionView →
1.2.2Productive efficiencyView →
1.2.3Costs, Revenue and ProfitView →
1.2.4Economies and Diseconomies of ScaleView →
1.2.5Business Objectives and Market StructureView →

Section 2.1 · Government and the Economy

2.1.1Macroeconomic Aims and IndicatorsView →
2.1.2Inflation and the Trade CycleView →
2.1.3UnemploymentView →
2.1.4Government Economic PolicyView →
2.1.5Economic Growth and the EnvironmentView →

Section 2.2 · The Global Economy

2.2.1International TradeView →
2.2.2Exchange RatesView →
2.2.3Balance of PaymentsView →
2.2.4Globalisation and DevelopmentView →

1.2.6The labour marketView →

1.2.7Government Intervention in MarketsView →