Youth unemployment

Specially written study guide for the AQA Economics specification. Topic order follows the AQA 2019: Section 1 – Microeconomics – Individuals, firms, markets and market failure. The economic problem, opportunity cost, individual decision making, behavioural economics, price determination, elasticity; production, costs and revenue; technological change, government intervention. Business objectives, market structures: perfect

Inequality of wealth According to data gathered by the ONS, based on a survey between June 2012 and July 2014, of the four key wealth components (physical wealth, financial wealth, property and pensions), inequality was the lowest for physical wealth, with a Gini coefficient 0.45. This is due to

Updated August 2nd 2018 Bank of England raises rate to 0.75% The official UK bank rate has been raised for the second time since July 2007, from 0.5% to 0.75%. With CPI inflation remaining above target at 2.4%, and with unemployment continuing to fall in a

Carbon emissions

UK Public sector finances – borrowing level and as a % of GDP ACCording to the ONS, Public sector net borrowing excluding public sector banks (PSNB ex) measures the gap between revenue raised (current receipts) and total spending (current expenditure plus net investment (capital spending less capital receipts)). Public sector net borrowing

The current account The current account records flows between a country and the rest of the world in terms of payments for goods and services, income flows relating to the international ownership of financial assets, and current transfers between UK residents and non-residents.  The current account balance is an indicator