{"product_id":"economics-a-level-p-3-topical-solved","title":"153 Economics A Level Topical Solved Paper 3","description":"\u003cp\u003eThis book provides a thorough exercise of paper 3 for students taking Cambridge International\u003c\/p\u003e\n\u003cp\u003eExaminations Economics A Level Topical Solved Paper. Multiple Choice Questions from past examinations are sorted into relevant chapters and topics which will enable students to practice their understanding systematically.\u003cbr\u003e\u003c\/p\u003e\u003ch3\u003e\u003c\/h3\u003e\u003cbr\u003e\u003ch3\u003e153 Economics A Level Topical Solved Paper 3\u003c\/h3\u003e\u003cbr\u003e\u003cul\u003e\n\u003cbr\u003e \t\u003cli\u003eAll variants included\u003c\/li\u003e\n\u003cbr\u003e \t\u003cli\u003eAnswers with detailed explanations\u003c\/li\u003e\n\u003cbr\u003e \t\u003cli\u003eReferences of repeated questions included\u003c\/li\u003e\n\u003cbr\u003e \t\u003cli\u003eQuestions order new to old\u003c\/li\u003e\n\u003cbr\u003e \t\u003cli\u003eAccording to new Syllabus\u003c\/li\u003e\n\u003cbr\u003e\n\u003c\/ul\u003e\u003cbr\u003e\u003ch3\u003e\u003cstrong\u003eTABLE OF CONTENTS\u003c\/strong\u003e\u003c\/h3\u003e\u003cbr\u003e\u003cstrong\u003eUNIT 1 THEORY OF CONSUMER BEHAVIOR\u003c\/strong\u003e\u003cbr\u003e1.1 (a) LDMU-Meaning\u003cbr\u003e1.1 (b) LDMU-Diagram\u003cbr\u003e1.1 (c) LDMU-Numericals\u003cbr\u003e1.1 (d) LEMU-Meaning\u003cbr\u003e1.1 (e) LEMU-Numericals\u003cbr\u003e1.2 (a) Budget Line\u003cbr\u003e1.2 (b) Indifference curves\u003cbr\u003e1.2 (c) Changes in consumer equilibrium\u003cbr\u003e1.2 (d) Types of goods\u003cbr\u003e1.3 Others\u003cbr\u003e\u003cstrong\u003eANSWER SECTION\u003c\/strong\u003e\u003cbr\u003e\u003cstrong\u003e\u003cbr\u003eUNIT 2 PRODUCTION \u0026amp; COST\u003c\/strong\u003e\u003cbr\u003e2.1 (a) LDR-Meaning\u003cbr\u003e2.1 (b) LDR-Diagrams\u003cbr\u003e2.1 (c) LDR-Numericals\u003cbr\u003e2.2 (a) Accounting cost and economic cost\u003cbr\u003e2.2 (b) SR Costs-Meaning and definitions\u003cbr\u003e2.2 (c) SR Costs-Numericals\u003cbr\u003e2.2 (d) SR Costs-Relationship between curves\u003cbr\u003e2.3 Relationship between short-run cost and LDR\u003cbr\u003e2.4 (a) Long run production function\u003cbr\u003e2.4 (b) Least-cost inputs mix\u003cbr\u003e2.4 (c) Isocost and isoquant approach\u003cbr\u003e2.4 (d) Returns to scale\u003cbr\u003e2.5 (a) Internal economies and dis economies of scale\u003cbr\u003e2.5 (b) LRAC and minimum efficient scale\u003cbr\u003e2.6 (a) External economies and dis economies of scale\u003cbr\u003e2.7 Small firms\u003cbr\u003e2.8 (a) Internal growth\u003cbr\u003e2.8 (b) External growth\u003cbr\u003e2.9 Others\u003cbr\u003e\u003cstrong\u003eANSWER SECTION\u003c\/strong\u003e\u003cbr\u003e\u003cstrong\u003e\u003cbr\u003eUNIT 3 MARKET STRUCTURE PART 1\u003c\/strong\u003e\u003cbr\u003e3.1 Prince marker behavior and revenue curves\u003cbr\u003e3.2 (a) Profit maximization rule-Diagrams\u003cbr\u003e3.2 (b) Profit maximization rule-Numericals\u003cbr\u003e3.3 Short run prince and output determination\u003cbr\u003e3.4 Long run prince and output determination\u003cbr\u003e3.5 Survival of a firm in short-run and long-run\u003cbr\u003e3.6 Theory of excess capacity\u003cbr\u003e\u003cstrong\u003eANSWER SECTION\u003c\/strong\u003e\n\u003cp\u003e\u003cstrong\u003eUNIT 4 MARKET STRUCTURE PART 2 \u003c\/strong\u003e\u003cbr\u003e4.1 Features of oligopoly\u003cbr\u003e4.2 Kinked demand curve\u003cbr\u003e4.3 Game theory\u003cbr\u003e4.4 Price collusion\u003cbr\u003e4.5 Determinants of strength of collusion\u003cbr\u003e\u003cstrong\u003eANSWER SECTION\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eUNIT 5 MARKET STRUCTURE PART 3\u003c\/strong\u003e\u003cbr\u003e5.1 (a) Revenue maximization\u003cbr\u003e5.1 (b) Coincidence of profit and revenue maximization\u003cbr\u003e5.1 (c) MC pricing and other government interventions in markets\u003cbr\u003e5.1 (d) Other objectives\u003cbr\u003e5.1 (e) Principle-agent problem\u003cbr\u003e5.2 (a) Price discrimination-Meaning\u003cbr\u003e5.2 (b) Price discrimination-Conditions\u003cbr\u003e5.2 (c) Price discrimination-Consequences\u003cbr\u003e5.3 Barriers to entry and exit\u003cbr\u003e5.4 Comparison of market structures\u003cbr\u003e5.5 Contestable markets\u003cbr\u003e5.6 Advantages and disadvantages of monopoly\u003cbr\u003e5.7 others\u003cbr\u003e\u003cstrong\u003eANSWER SECTION\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eUNIT 6 ECONOMIC EFFICIENCY\u003c\/strong\u003e\u003cbr\u003e6.1 (a) Technical efficiency and X-Efficiency\u003cbr\u003e6.1 (b) Dynamic efficiency\u003cbr\u003e6.2 Allocative efficiency\u003cbr\u003e6.3 PPC and economic efficiency\u003cbr\u003e6.4 Pareto optimality\u003cbr\u003e6.5 Economic efficiency vs equity\u003cbr\u003e\u003cstrong\u003eANSWER SECTION\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eUNIT 7 MARKET FAILURE\u003c\/strong\u003e\u003cbr\u003e7.1 Causes of market failure\u003cbr\u003e\u003cstrong\u003eANSWER SECTION\u003c\/strong\u003e\u003cbr\u003e\u003cb\u003e\u003cbr\u003eUNIT 8 GOVERNMENT MICROECONOMICS INTERVENTION\u003c\/b\u003e\u003cbr\u003e8.1 Government policies to correct market failure\u003cbr\u003e8.2 Government failure\u003cbr\u003e8.3 Cost benefit analysis (CBA)\u003cbr\u003e\u003cstrong\u003eANSWER SECTION\u003c\/strong\u003e\u003cbr\u003e\u003cstrong\u003e\u003cbr\u003eUNIT 9 LABOUR MARKET\u003cbr\u003e\u003c\/strong\u003e9.1 (a) Supply curve for an individual worker\u003cbr\u003e9.1 (b) The market supply curve for labor\u003cbr\u003e9.1 (c) Marginal cost of labor-Numericals\u003cbr\u003e9.2 MRP Theory\u003cbr\u003e9.3 (a) Wage determination in perfect market-Numericals\u003cbr\u003e9.3 (b) Wage determination in perfect market-Diagrams\u003cbr\u003e9.4 (a) Wage determination in monopsony\u003cbr\u003e9.4 (b) Wage determination with trade union\u003cbr\u003e9.4 (c) Strength of trade union\u003cbr\u003e9.5 Wage differentials\u003cbr\u003e9.6 Transfer earnings and economic rent\u003cbr\u003e9.7 National minimum wage\u003cbr\u003e9.8 Others\u003cbr\u003e\u003cstrong\u003eANSWER SECTION\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eUNIT 10 GLOBALIZATION\u003c\/strong\u003e\u003cbr\u003e10.1 Consequences of formation of trading blocs\u003cbr\u003e10.2 Others\u003cbr\u003e\u003cstrong\u003e ANSWER SECTION\u003c\/strong\u003e\u003cbr\u003e\u003cstrong\u003e\u003cbr\u003eUNIT 11 BALANCE OF PAYMENTS\u003c\/strong\u003e\u003cbr\u003e\u003cstrong\u003eANSWER SECTION\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eUNIT 12 EXCHANGE RATE\u003c\/strong\u003e\u003cbr\u003e12.1 Trade weighted exchange rate\u003cbr\u003e12.2 Exchange rate systems\u003cbr\u003e12.3 (a) Effects of exchange rate changes\u003cbr\u003e12.3 (b) Marshal learner condition and J curve\u003cbr\u003e\u003cstrong\u003eANSWER SECTION\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cb\u003eUNIT 13 AGGREGATE EXPENDITURE \u0026amp; MULTIPLIER\u003c\/b\u003e\u003cbr\u003e13.1 Components of aggregate expenditure\u003cbr\u003e13.2 Changes in marginal and average propensities\u003cbr\u003e13.3 NIE-Numericals\u003cbr\u003e13.4 Inflationary\/Deflationary gaps\u003cbr\u003e13.5 (a) Multiplier-Meaning\u003cbr\u003e13.5 (b) Multiplier-Diagrams\u003cbr\u003e13.5 (c) Multiplier-Numericals Level 1\u003cbr\u003e13.5 (d) Multiplier-Numericals Level 2\u003cbr\u003e13.5 (e) Multiplier-Strength\u003cbr\u003e13.6 Accelerator-Meaning\u003cbr\u003e13.7 Others\u003cbr\u003e\u003cstrong\u003eANSWER SECTION\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eUNIT 14 MONEY, BANKING AND INTEREST RATE DETERMINATION\u003c\/strong\u003e\u003cbr\u003e14.1 (a) Features and functions of money\u003cbr\u003e14.1 (b) Money supply\u003cbr\u003e14.2 Types of banks\u003cbr\u003e14.3 Credit creation-process and functions\u003cbr\u003e14.4 Changes in money supply\u003cbr\u003e14.5 Liquidity preference theory (LPT)\u003cbr\u003e14.6 Determination of interest rate\u003cbr\u003e14.7 Quantity theory of money (QTM)\u003cbr\u003e\u003cstrong\u003eANSWER SECTION\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cb\u003eUNIT 15 EFFECTIVENESS OF MACROECONOMIC POLICIES\u003c\/b\u003e\u003cbr\u003e15.1 Effectiveness of macroeconomic policies\u003cbr\u003e15.2 Policies to correct current account surplus and defict\u003cbr\u003e15.3 Policies to reduce unemployment\u003cbr\u003e15.4 Policies to encourage economic growth\u003cbr\u003e15.5 The role of automatic stabilisers\u003cbr\u003e15.6 Laffer curve\u003cbr\u003e15.7 Tax systems\u003cbr\u003e15.8 Others\u003cbr\u003e\u003cstrong\u003eANSWER SECTION\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eUNIT 16 MACROECONOMIC OBJECTIVES\u003c\/strong\u003e\u003cbr\u003e16.1 Government economic objectives\u003cbr\u003e16.2 Links between macroeconomic problems and conflicts of aims\u003cbr\u003e16.3 Keynesian and monetarist theoretical approaches\u003cbr\u003e16.4 Others\u003cbr\u003e\u003cstrong\u003eANSWER SECTION\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eUNIT 17 EMPLOYMENT \/ UNEMPLOYMENT\u003c\/strong\u003e\u003cbr\u003e17.1 Unemployment\u003cbr\u003e\u003cstrong\u003eANSWER SECTION\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cb\u003eUNIT 18 ECONOMIC GROWTH \u0026amp; SUSTAINABILITY \u003c\/b\u003e\u003cbr\u003e18.1 Actual and potential growth\u003cbr\u003e18.2 Causes of economic growth\u003cbr\u003e18.3 Costs and benefits of growth\u003cbr\u003e18.4 Inclusive and sustainable growth\u003cbr\u003e18.5 Output gaps\u003cbr\u003e\u003cstrong\u003eANSWER SECTION\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eUNIT 19 INCOME DISTRIBUTION \u003c\/strong\u003e\u003cbr\u003e19.1 (a) Lorenz curve\u003cbr\u003e19.1 (b) Gini coefficients\u003cbr\u003e19.2 policies to redistribute income\u003cbr\u003e\u003cstrong\u003eAnswer Section\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eUNIT 20 ECONOMIC DEVELOPMENT PART 1 \u003c\/strong\u003e\u003cbr\u003e20.1 Living standards\u003cbr\u003e\u003cstrong\u003eANSWER SECTION\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eUNIT 21 ECONOMIC DEVELOPMENT PART 2 (DEVELOPMENT VS DEVELOPED)\u003c\/strong\u003e\u003cbr\u003e21.1 Population structure\u003cbr\u003e21.2 Economic structure\u003cbr\u003e21.3 Kuznets curve\u003cbr\u003e21.4 Poverty trap\u003cbr\u003e21.5 Other difference developing and developed countries\u003cbr\u003e\u003cstrong\u003eANSWER SECTION\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eUNIT 22 ECONOMIC DEVELOPMENT PART 3 (RELATIONSHIP BETWEEN COUNTRIES)\u003cbr\u003eANSWER SECTION\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003eUNIT 23 UNSORTED\u003cbr\u003eANSWER SECTION\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e","brand":"Read \u0026 Write","offers":[{"title":"Default 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