Cambridge International as and a level Economics Ebook

Preface 
v
Introduction
 
1
1
 
Basic economic ideas and resource allocation (AS Level) 
12
2
 
The price system and the microeconomy (AS Level) 
38
3
 
Government microeconomic intervention (AS Level) 
67
4
 
The macroeconomy (AS Level) 
80
5
 
Government macro intervention (AS Level) 
114
6
 
Basic economic ideas and resource allocation (A Level) 
129
7
 
The price system and the microeconomy (A Level) 
144
8
 
Government microeconomic intervention (A Level) 
190
9
 
The macroeconomy (A Level) 
216
 
10
 
Government macro intervention (A Level) 
264
 11
 
Preparing for examinations 
273
Index
 
281
Acknowledgements
 
287
Contents
iii
Contents
Student CD-ROM contents
CD1

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Th
is third edition of 
Cambridge International AS and A 
Level Economics 
has been specifi cally produced for the 
Cambridge International Examinations 9708 syllabus for 
examination from 2016.
Th
e text is divided into two clearly identifi ed sections, 
Chapters 1
 to
 5
 cover the AS Level content that is 
examined in Paper 1 and Paper 2; 
Chapters 6
 to 
10
 cover 
the additional A Level content examined in Paper 3 and 
Paper 4. Also, there is an Introduction that contains a 
breakdown of the skills you will need for the successful 
study of the Cambridge syllabus and a fi nal chapter that 
gives valuable guidance on how to use your skills to the 
best of your abilities in examination.
Th
e key features of the book are stated in the Introduction.
Th
is third edition contains up-to-date statistics and many 
new self-assessment tasks. Where possible and appropriate, 
these and the text are specifi cally set within the geographical 
context of where students are studying the Cambridge 
syllabus. Th
ere is therefore a strong Asian focus, as well as 
reference to the other developing economies.
Th
e book is accompanied with an extensive Student 
CD, which has been produced by the authors. Th
is contains 
substantial information for students including:
■
example examination questions and answers drawn from 
each chapter
Preface
■
worksheets with answers to assist students on completion 
of each chapter
■
additional advice on how to revise
■
a glossary of key terms.
Although the book has been specifi cally written for the 
Cambridge 9708 syllabus, it will be of value to students 
and teachers of any AS or A Level courses, as well as the 
IB. It will particularly appeal to international students, 
as well as UK students seeking contextual knowledge of 
developing economies.
Finally, we would like to record some thanks. First, 
to the teachers and students who have sent us comments 
(invariably complimentary) on the second edition. 
Secondly, to the various Cambridge University Press 
staff , especially Elizabeth Walne, for their comments 
on the text and the student CD. Finally, to our students 
in Oxfordshire and West Yorkshire, who from time to 
time have provided an opportunity for us to try out new 
ideas on how to make studying economics a rewarding 
experience.
We hope you fi nd the book and CD useful and 
that they help you achieve success in your Cambridge 
Economics course.
Colin G. Bamford
Susan Grant 
August 2014