This comprehensive text, written by Ray Powell, provides a thorough foundation for the A2 Economics course and is essential reading for AQA Economics students. The book provides detailed coverage of the content of the two A2 units, which focus respectively on microeconomics and macroeconomics. There is thorough coverage of topics that first appear at A2, together with an A2 treatment of topics such as market failure and AD/AS analysis that are common to both A2 and AS. - Improve understanding with clear definitions of key terms and concepts- Apply theory in a real-world context using case studies- Review questions can be used to assess understanding throughout the course- Sample exam-style questions, together with graded answers and detailed commentaries are available online at www.hodderplus.co.uk/philipallanCONTENTS: Introduction Chapter 1 How to become an even better economist Unit 3 Business economics and the distribution of income Chapter 2 Introduction to business economics Chapter 3 Production and cost theory Chapter 4 Revenue theory and market structures Chapter 5 Perfect competition and monopoly Chapter 6 Evaluating perfect competition and monopoly Chapter 7 Oligopoly and concentrated markets Chapter 8 Further aspects of the growth of firms Chapter 9 Industrial policy Chapter 10 Market failure Chapter 11 Government failure and cost-benefit analysis Chapter 12 Labour markets Chapter 13 Poverty and the distribution of income and wealth Unit 4 The national and international economy Chapter 14 Economic growth, development and standards of living Chapter 15 Developing the aggregate demand and aggregate supply macroeconomic model Chapter 16 Employment and unemployment Chapter 17 Inflation and the Phillips curve Chapter 18 Money, banks and monetary policy Chapter 19 Fiscal policy and supply-side policy Chapter 20 International trade and globalization Chapter 21 The balance of payments Chapter 22 Exchange rates, the pound, the dollar and the euro

Ray Powell is currently Head of Economics at Wimbledon High School and is author of the AQA AS Economics textbook, and of the AQA Economics Student Unit Guides and Workbooks, also published by Philip Allan.