Ashbourne’s Economics Easter Revision courses run in either morning or afternoon sessions over five day and are taught by Brendan Casey and Adam McMaster. Brendan is an LSE graduate who trained as an accountant and worked in the city before joining Ashbourne. He has played a key role in Ashbourne’s highly successful Economics department at the college for many years. Adam studied Economics and Business before joining the college and now leads the Ashbourne Finance Programme. Students will benefit from their experience and excellent teaching styles as well as from the small group size and individual attention, a key feature of the Easter Revision programme at Ashbourne.
What is covered in the Easter Revision course?
Ashbourne follows the Edexcel specification for Economics AS level and A level. The coverage emphasises the importance of evaluation and judgement to exam success by using a contextual approach to the study of economics.
AS level Easter Revision topics covered
Introduction to markets and market failure
Positive and normative statements, production possibility frontiers, specialisation and the division of labour, rational decision making, demand/supply, elasticities, taxes and subsidies, market failure, externalities, government failure.
The UK economy – performance and policies
Economic growth, inflation, unemployment, balance of payments, aggregate demand/supply, circular flow of income, the multiplier, output gaps, trade cycle, government economic objectives, budget deficits, fiscal policy, monetary policy, supply side policy, conflicts between economic objectives.
A level Easter Revision topics covered
Business behaviour and the labour market
Types of firms, types of integration, demergers, motives for firms, competition policy, economies and diseconomies of scale, revenues, costs, market structures, efficiency, contestability, monopsony, price discrimination, privatisation and regulation, labour markets.
A global perspective
Globalisation, patterns of trade, specialisation and trade, trade liberalisation, protectionism, trading blocs, international competitiveness, balance of payments, exchange rates, inward foreign investment, public spending and taxation, poverty and inequality, development economics.