# Space L Clottey

## Better List

![[Pasted image 20220524120550.png]] (This one is basically a waste of

**Algebra**- Indices, Surds
- Binomial Expansion
- Quadratics,
- Completing the Square,
- Discriminants,
- Circles
- Polynomials,
- Factor Theorem
- Logs and Exponentials
- Sequences and Series
- Proof
- Partial Fractions
- Vectors

**Functions and Graphs**- Graph Transformations, Domain, Range, Inverse
- Modulus Functions
- Trig, e and log graphs
- Numerical Methods

**Trigonometry**- Triangles,
- Trig Equations,
- Radians
- Reciprocal Trig
- Trig Calculus

**Differentiation**- First Principles
- Tangents and Normals, Stationary Points
- Second Derivatives,
- Optimisation
- Chain Rule, Product Rule, Quotient Rule #PM
- Implicit Differentiation,
- Differentiating Inverses
- Related Rates of Change
- Modelling

**Integration**- Numerical Integration
- Inverse Chain Rule
- Inspection
- Substitutions
- Integrating Rational Functions

Useless - Micro - Theme 1 - The Economic Problem □ Assumptions in economics □ Positive and normative economic statements □ The problem of scarcity □ Renewable and non-renewable resources □ Opportunity cost □ Production possibility frontiers □ Specialisation and the division of labour □ Functions of money □ Free market economies, mixed economy and command economy - How Markets Work □ Rational decision making □ Utility maximisation □ Theory of demand □ Price elasticity of demand □ Income elasticity of demand □ Cross price elasticity of demand □ Theory of supply □ Elasticity of supply □ Price determination □ Functions of the price mechanism □ Consumer and producer surplus □ Alternative views of consumer behaviour - Market Failure □ Negative Externalities □ Positive Externalities □ Public goods □ Information gaps - Government intervention and government failure □ Indirect taxation (ad valorem and specific) □ Subsidies □ Minimum prices □ Maximum prices □ Tradeable pollution permits □ State provision of public goods □ Provision of information □ Regulation □ Government failure - Theme 3.3 - [ ] Revenues / Costs and Profits

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- Macro
- Theme 2
- Economic Growth
□ Real and nominal GDP
□ GDP and GNI
□ Understanding of Purchasing Power
Parities
□ Limitations of GDP when measuring living
standards
□ Economic well-being and happiness
- Inflation
□ Process of calculating the rate of inflation
using CPI
□ Limitations of CPI as a measure of
inflation
□ Causes of inflation (demand-pull,
cost-push, money supply)
□ Effects of inflation on consumers, firms,
the government and workers
□ Disinflation and deflation (causes, effects,
policies)
- Unemployment
□ Measures of unemployment
□ Under-employment
□ Economic inactivity
□ Causes of unemployment
□ Significance of migration and skills for
employment & unemployment
□ Effects of unemployment on consumers,
firms, workers, the government and society
- Balance of payments
□ Trade in goods and services
□ Components of the balance of payments
on current account
□ Current account deficits and surpluses
□ Relationships between current account
and other macro objectives
- Aggregate demand
□ Components of AD: C+I+G+(X-M)
□ AD curve - movements along and shifts of
AD curve
□ Consumption - factors affecting
□ Investment - factors affecting
□ Government expenditure (G)
□ Net trade (X-M)
- Aggregate supply
□ The characteristics of AS
□ The characteristics of AS
□ The AS curve - distinction between
movement along, and a shift of, the AS curve
□ Short-run AS - factors influencing SRAS
□ Long-run AS- factors influencing LRAS
□ Keynesian and classical LRAS curves
- National Income
□ Circular flow of income
□ Injections and withdrawals
□ Equilibrium levels of real national output
□ Use of AD/AS diagrams to show how
shifts in AD or AS cause changes in real
GDP and prices
□ The multiplier - ratio, process
□ Calculations of the multiplier using the
formulae 1/(1-MPC) and 1/MPW, where
MPW=MPS+MPT+MPM
- Economic Growth and Cycles
□ Causes of economic growth
□ Output gaps
□ Trade (business) cycle
www.tutor2u.net/economics
□ The impact of economic growth - benefits
and costs
Demand-side Policies
□ Monetary policy instruments
□ Quantitative Easing
□ Fiscal policy instruments
□ Distinction between government budget
(fiscal) deficit and surplus
□ Use of AD/AS diagrams to illustrate
demand-side policies
□ Awareness of demand-side policies in the
Great Depression and the Global Financial
Crisis of 2008
- Supply-side Policies
□ Distinction between market-based and
interventionist methods
□ Use of AD/AS diagrams to illustrate
supply-side policies
□ Strengths and weaknesses of supply-side
policies
Conflicts and trade- offs between
objectives and policies
□ Potential conflicts and trade-offs between
the macroeconomic objectives
□ Short-run Phillips curve
- Theme 4.1.1 - Globalisation
- Theme 4.1.2 -
- Theme 4.1.3
- Theme 4.1.6
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