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What's covered, in curriculum order. Titles and summaries are free to browse; the full section, with worked examples, unlocks with a free account.
2. The Economic Problem
Why scarcity forces every individual, firm, and government to make choices, and the resources used to meet those choices.
3. The Theory of Demand
How demand schedules and curves show the relationship between price and quantity demanded, and why marginal utility diminishes.
6. The Theory & Determinants of Supply
How supply schedules and curves show the relationship between price and the quantity firms are willing to produce.
7. Markets & Equilibrium
How the interaction of demand and supply determines the price and quantity actually traded in a market.
8. Taxation
The different types of tax the UK government raises, and how each affects individuals and firms.
9. Government Spending, the Budget & the Circular Flow of Income
What the government spends tax revenue on, what a budget deficit or surplus means, and how money circulates round a closed economy.
10. Inflation
What inflation is, what causes it, and how it affects individuals, firms, and the wider economy.
11. Unemployment
How unemployment is defined and measured, and the effects it has on individuals, firms, and the economy.
12. Economic Growth
What economic growth means, how it's measured, and how it relates to living standards.
14. Global Trade
Why countries trade with each other, trading blocs, and the barriers that can restrict that trade.
16. Multinationals & Globalisation
Why multinational companies locate operations abroad, and the wider effects of an increasingly connected global economy.
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