Peter Smith 
Edexcel A level Economics A Book 1 

Exam Board: Edexcel Level: AS/A-level Subject: Economics First Teaching: September 2015First Exam: June 2016Develop your students’ knowledge of themes 1 and 2 of the Edexcel specification and put theory into context with focused case studies and practice activities.Maximise their potential in Edexcel A level Economics A with this Edexcel-endorsed textbook, which includes topic-by-topic guidance from Peter Smith:- Keep your students’ up to date with the rapidly changing world: new exciting case studies will help them analyse and evaluate- Build their quantitative skills with worked examples and practice activities throughout the book- Ensure they can explain key economic concepts and issues accurately and effectively:learn the key terms throughout the text and in the theme-by-theme glossaries- Feel confident in their exam skills: put what they learn into practice with activities and practice questions Contents Theme 1 Introduction to markets and market failure- Chapter 1 The nature of economics- Chapter 2 The nature of demand — Chapter 3 The nature of supply — Chapter 4 How markets work: price determination — Chapter 5 How markets work: the price mechanism in action- Chapter 6 Market failure and externalities- Chapter 7 Market failure: public goods and information gaps- Chapter 8 Government intervention and government failure Theme 1 key terms Theme 1 practice questions Theme 2 The UK economy — performance and policies- Chapter 9 Measures of economic performance: economic growth- Chapter 10 Measures of economic performance: inflation, unemployment and the balance of payments- Chapter 11 Aggregate demand- Chapter 12 Aggregate supply- Chapter 13 National income and macroeconomic equilibrium- Chapter 14 Economic growth- Chapter 15 Macroeconomic policy objectives- Chapter 16 Macroeconomic policies Theme 2 key terms Theme 2 practice questions Index