Forest School: A Level Economics: AQA Economics Unit 1
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Zimbabwe Deflation Concerns

Zimbabwe's annual-inflation in March dropped to negative 0.91 percent, from February's negative 0.49 percent, confirming that the country's economy is in
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▶ What is Economics? - YouTube

Defining economics in plain terms.
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A clear and concise introduction to what Economics is.

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Samuel Nalletamby's comment, June 1, 2015 12:20 PM
good explanation, makes it easy to understand more about economics
Ellis William Rayner's comment, September 15, 2015 9:28 AM
this video was clear and helped me with learning
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Ep. 1 of 5 - The Hockey Stick of Human Prosperity - YouTube

In this series, Professor Don Boudreaux explores the question economists have been asking since the era of Adam Smith -- what creates wealth? On a timeline o...
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▶ Market Equilibrium - YouTube

This video explains the concept of market equilibrium and shows how market forces respond to shortages and surpluses.. For more information and a complete li...
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A clear explanation of market equilibrium.

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Welcome to Economics!

Welcome to Economics! | Forest School: A Level Economics: AQA Economics Unit 1 | Scoop.it
Welcome to the many new students taking Economics for the first time as schools and colleges begin a new school year. Here are some links for Economics students wanting to keep right up to date with a fast moving subject! Impress your Economics teachers by showing them you are following the news and the many.
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A useful set of links related to Economics

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The 10 Things In Economics That Everybody Should Know

The 10 Things In Economics That Everybody Should Know | Forest School: A Level Economics: AQA Economics Unit 1 | Scoop.it
Balaji Viswanathan outlines the top ten things you need to know about economics.
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Corbern Brooks's comment, September 23, 2013 7:28 PM
i thought this is a great article as it covers many of the areas we have worked on and provides adequate information and definitions for the terms used inside this article as well as pictures
Henry Banning's comment, September 11, 2014 12:17 PM
this article provided me with a lot of useful information on relevant topics therefore meaning this was a grear article
Daniel Emmott's comment, September 14, 2014 11:07 AM
This article was very useful because it enabled me to get a great understanding of various terms and important things related to economics.
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The 4 (or 5) Worst Market Failures in Human History | Talking Union

The 4 (or 5) Worst Market Failures in Human History | Talking Union | Forest School: A Level Economics: AQA Economics Unit 1 | Scoop.it
by Stan Sorscher I'm a capitalist for one reason: to raise living standards in my community. A familiar mantra of capitalism guides me: Markets are powerful and efficient. I'm also a realist, so I temper that mantra: Markets are ...
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An article in which the author outlines what he considers the biggest market failures in history

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Freakonomics

Freakonomics | Forest School: A Level Economics: AQA Economics Unit 1 | Scoop.it
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This website relates to the best selling book 'Freakonomics' which uses economics to look at everyday issues - often witth surprising and interesting results. If you get a chance the book is well worth a read - possibly over the Christmas holiday. We will be watching part of a Freakonomics film in our lesson today.

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Theory of Price - exceptions that prove the rule

Theory of Price - exceptions that prove the rule | Forest School: A Level Economics: AQA Economics Unit 1 | Scoop.it
Perhaps you're starting to look at supply and demand, the start point of the theory of price in Economics. A good way to test your understanding might be to look at a few oddball examples which seem to fly in the face of the theory.
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The theory of demand we have been studying suggests we would expect an inverse relationship between price and quantity demanded. This interesting article looks at a few unusual cases where the opposite is true. A good article to get you thinking about the basic theory and to test your understanding.

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Alastair Newton's comment, October 9, 2013 10:17 AM
Well done for reading and trying to understand this challenging article. The article suggests that the demand for lobster in restaurants falls in the price is reduced (this goes against conventional theory). It is argued that a big reason many buy lobster is it's image as an expensive and exclusive luxury product. Thus when it's price falls it no longer has the same appeal. Also customers might fear there is something wrong with it. Hope this helps. I can discuss this with you in the lesson if you are still unclear.
Alex Kayser's comment, October 11, 2013 10:33 AM
Hello sir, this is my real account. The other ones a fake
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paj holden microeconomics - YouTube

paj holden microeconomics - YouTube | Forest School: A Level Economics: AQA Economics Unit 1 | Scoop.it
Share your videos with friends, family and the world
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Paj Holden has put a whole series of videos for AS and A2 level Economics topics online. His explanations are usually clear and concise. Ideal to strengthen understanding of topics you are unsure about.

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Ellen Hewett's comment, September 14, 2014 10:50 AM
Great source of information, especially if you're not 100% confident with the meaning of a certain term ect. Also brilliant if you want to make a few extra notes to help you out through the A level.
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Brexit Britain: What has actually happened so far? - BBC News

Brexit Britain: What has actually happened so far? - BBC News | Forest School: A Level Economics: AQA Economics Unit 1 | Scoop.it
The BBC looks at what has actually happened in the UK since the country voted in June to leave the European Union.
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▶ Ep. 2 of 5 - Division of Labor: Burgers and Ships - YouTube

A simple example of hamburgers being made at home versus at a restaurant can help illuminate the explosion of prosperity since the Industrial Revolution. The...
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A good explanation with interseting examples of the principle of division of labour

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▶ Market Planning - Price Elasticity - YouTube

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A clear outline of price elasticity of demand

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Kyle Theobald's comment, September 16, 2015 1:14 PM
Interesting to see how the formulas play a role.
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Unit 1: Fall in sales of PCs due to rise in demand of substitute goods

Unit 1: Fall in sales of PCs due to rise in demand of substitute goods | Forest School: A Level Economics: AQA Economics Unit 1 | Scoop.it
After 2 decades of continual growth in sales of PCs, indicators are beginning to show a worldwide slowdown.
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A really good example of how demand for one type of good can be affected by demand for substitute goods. Interesting to see how manufacturers are responding to these changed market conditions

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What is Economics?

The typical first-year student walks into his first economics class with very little idea of what economics is. He might have heard something like, "economic...
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A really good introduction to the subject - clear and interesting - worth a look.

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AS Economics | Basic economic problem and more

IMPORTANT!! - READ!! This video (with random music I know) covers the basic economic problem and gives lots of important definitions needed for throughout th...

Via NickyKing
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NickyKing's curator insight, June 25, 2013 2:20 PM

A 2 minute video to watch!

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AS Economics Revision Notes

 "Revision notes to support all the main awarding body specifications for AS Economics".


Via AMB, Economics4Life
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A link to useful revision notes from tutor2u

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Danny Morgan's comment, September 14, 2014 1:39 PM
This will be a good link to use in the future as part of revisions. There is a clear layout on the topics we will be studying and it will be good to come to if I am unsure about anything in particular.
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How To Draw Externality Diagrams

Students tend to struggle with drawing externality diagrams, so I designed this flowchart to help them to get to grips with them.
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This has a link to a useful flowchart that can help you draw this important diagram.

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Economics4Life's curator insight, January 23, 2014 9:51 AM

This has a link to a useful flowchart that can help you draw this important diagram.

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Unit 1 Micro: Tesco’s Hudl - An Inferior Good?

Unit 1 Micro: Tesco’s Hudl - An Inferior Good? | Forest School: A Level Economics: AQA Economics Unit 1 | Scoop.it
Tesco launches an own-brand seven inch tablet with the forgettable name Hudl - how will it be received by Tesco customers and the wider constituency of people looking for an affordable device?
Alastair Newton's insight:

Interesting that Tesco is entering this market. Do you agree that it should be considered an inferior good?

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Timothy Harland's comment, September 16, 2014 4:00 AM
The market is too far saturated already for another "affordable" device to enter and succeed. It is interesting that Tesco market this device as affordable as many reviews suggest otherwise, just because it has a low price tag does not always mean good value. Mixed comments are found in review however. Questions may be asked about how the product is so cheap and the ethics of the manufacture situation which will not help Tesco's reputation which has been battered by an array of things recently
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The 'nutrition gap' between Britain's rich and poor is vast – and wicked

The 'nutrition gap' between Britain's rich and poor is vast – and wicked | Forest School: A Level Economics: AQA Economics Unit 1 | Scoop.it
Excellent article that can be linked to Ec1 - YeD, merit goods need to tax and subsidise to encourage better health Macro Ec2 - GDO & Standards of living Ian Jack: The gulf between people's diets is worse today than it was when George Orwell wrote The Road to Wigan Pier in 1936.
Via Debbie Gordon, QEGSEconomics
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