Edexcel A-Level Economics AS 2.3.3 3b Factors Influencing Lras Changes in the State of Technology Productivity Topic Practice

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Pearson Edexcel IAL Economics

Unit 1: Markets in Action

1.3.1 - Introductory concepts

1.3.2 - Consumer behaviour and demand

1.3.4 - Price determination

1.3.5 - Market failure

1.3.6 - Government intervention in markets

Unit 2: Macroeconomic Performance and Policy

2.3.1 - Measures of economic performance

2.3.2 - Aggregate demand (AD)

2.3.3 - Aggregate supply (AS)

2.3.3.1a - concept of AS. characteristics

2.3.3.1b - AS curve. of AS

2.3.3.1c - distinction between a movement along and a shift of the AS curve

2.3.3.2a - Factors influencing SRAS. Changes in: (SRAS) • costs of raw materials and energy •

2.3.3.3a - Different shapes of AS curve: (LRAS) • Keynesian • classical

2.3.3.3b - Factors influencing LRAS. Changes in: • the state of technology • productivity •

2.3.4 - National income

2.3.5 - Economic growth

2.3.6 - Macroeconomic objectives and policies

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