Unit 4 of O Level Tutorials Complete!

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Unit 4: The private firm as producer and employer

Topics covered in this unit:

1. Types of business organisations

2. Changes in the structure of business organisations

3. Determinants of demand for factors of production

4. Labour-intensive and capital-intensive production

5. Production and Productivity

6. Total and average cost, fixed and variable cost

7. Relationship between average cost and total output

8. Total and average revenue

9. Profit maximisation as a goal of business organisations

10. Pricing and output policies in perfect competition and monopoly

11. Main reasons for the different sizes of firms

12. Advantages and Disadvantages of Monopoly

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Unit 2 of A Level Tutorials Complete!

Tutorial Updates
Unit 2: Managing the economy

Topics covered in this unit:

1. Measuring the performance of developed and developing countries

– Measuring Economic Growth.
– Measuring Inflation
– Measuring unemployment
– Balance of Payments
– Human Development Index
– Other measures of development

2. Income and wealth

– Circular flow of income
– Wealth and its relationship to income

3. Aggregate Demand

4. Aggregate Supply

5. Determining the price level and equilibrium level of real output

6. Causes, costs and constraints on economic growth

7. Macroeconomic objectives of governments

8. Demand-side macroeconomic policy instruments

9. Supply-side policies

10. Glossary of Unit 2 : Managing the economy