The Pearson Edexcel A-Level Economics B specification covers a broad range of topics, including Economic Agents, Markets, the Wider Economy, and the Global Economy. This guide breaks down the specification by theme and topic, linking each area to relevant revision guides, articles, podcasts, and videos to support effective revision. Use the tables below as a revision checklist to track your progress, identify gaps in your knowledge, and access resources tailored specifically to Pearson Edexcel A-Level Economics B students.
| 1 | Markets, Consumers and Firms | Revision Guide | Podcast |
| 1.1 | Scarcity, Choice and Potential Conflicts | Video | |
| 1.1.1 | The Economic Problem | ||
| 1.1.2 | Business Objectives | ||
| 1.1.3 | Stakeholders and their Objectives | ||
| 1.2 | Enterprise, Business and the Economy | Video | |
| 1.2.1 | Role of an Entrepreneur in the Economy | ||
| 1.2.2 | Entrepreneurial Motives | ||
| 1.2.3 | Factors of Production | ||
| 1.2.4 | Specialisation | ||
| 1.2.5 | The Wider Economic Environment | ||
| 1.3 | Introducing the Market | Video | |
| 1.3.1 | Demand | ||
| 1.3.2 | Supply | ||
| 1.3.3 | Price Determination | ||
| 1.3.4 | Price Mechanism | ||
| 1.3.5 | Understanding the Consumer | ||
| 1.3.6 | The Competition | ||
| 1.4 | The Role of Credit in the Economy | Video | |
| 1.4.1 | Role of Banks in the Economy | ||
| 1.4.2 | Risk and Liability | ||
| 1.4.3 | Types and Sources of Credit and the Impact of Credit within the Economy | ||
| 1.5 | Market Failure and Government Intervention | Video | |
| 1.5.1 | Market Failure and Externalities | ||
| 1.5.2 | Government Intervention and Failure | ||
| 1.6 | Revenue, Costs, Profits and Cash | Video | |
| 1.6.1 | Revenue and Costs | ||
| 1.6.2 | The Relationship Between Revenue and Costs | ||
| 1.6.3 | Profit and Loss | ||
| 1.6.4 | Business Survival and Cash Flow | ||
| 2 | The Wider Economic Environment | Revision Guide | Podcast |
| 2.1 | Business Growth and Competitive Advantage | Video | |
| 2.1.1 | Growth | ||
| 2.1.2 | Methods of Growth | ||
| 2.1.3 | Research and Development and Innovation | ||
| 2.1.4 | How the Digital Economy Affects Markets and Firms | ||
| 2.1.5 | How Small Firms Compete | ||
| 2.2 | Firms, Consumers and Elasticities of Demand | Video | |
| 2.2.1 | Price Elasticity of Demand | ||
| 2.2.2 | Competing on Price | ||
| 2.2.3 | Types of Non-Price Competition | ||
| 2.2.4 | Income Elasticity of Demand | ||
| 2.3 | Productive Efficiency | Video | |
| 2.3.1 | Productivity | ||
| 2.3.2 | Capacity Utilisation | ||
| 2.3.3 | Efficiency and Competitiveness Using Lean Production | ||
| 2.3.4 | Impact on Costs and Sales Revenue | ||
| 2.4 | Life in a Global Economy | Video | |
| 2.4.1 | Globalisation | ||
| 2.4.2 | Developed, Emerging and Developing Economies | ||
| 2.4.3 | International Trade | ||
| 2.4.4 | Exchange Rates | ||
| 2.5 | The Economic Cycle | Video | |
| 2.5.1 | The Economic Cycle | ||
| 2.5.2 | Circular Flow of Income, Expenditure and Output | ||
| 2.5.3 | Inflation | ||
| 2.5.4 | Employment and Unemployment | ||
| 2.6 | Introduction to Macroeconomic Policy | Video | |
| 2.6.1 | Possible Macroeconomic Objectives | ||
| 2.6.2 | Policy Instruments | ||
| 2.6.3 | Potential Policy Conflicts and Trade-Offs | ||
| 3 | The Global Economy | Revision Guide | Podcast |
| 3.1 | Globalisation | Video | |
| 3.1.1 | Growing Economies | ||
| 3.1.2 | Trade and Growth | ||
| 3.1.3 | Trading Blocs | ||
| 3.1.4 | Trade Policy and Trade Negotiations | ||
| 3.1.5 | Exchange Rate Changes | ||
| 3.2 | Economic Factors in Business Expansion | Video | |
| 3.2.1 | Conditions that Prompt Trade | ||
| 3.2.2 | Assessing the Potential of Different Economies | ||
| 3.3 | Impact of Globalisation on Global Economies | Video | |
| 3.3.1 | Responding to Global Demand | ||
| 3.3.2 | Demand-Side Factors in Global Markets | ||
| 3.4 | Impact of Globalisation on Local and National Economies | Video | |
| 3.4.1 | The Impact of Multinational Corporations | ||
| 3.4.2 | Ethical Issues | ||
| 3.4.3 | Controlling Multinational Corporations | ||
| 3.5 | Global Labour Markets | Video | |
| 3.5.1 | Employment Patterns | ||
| 3.5.2 | Wage Rates | ||
| 3.5.3 | Minimum Wage Legislation | ||
| 3.6 | Inequality and Re-Distribution | Video | |
| 3.6.1 | Poverty and Inequality | ||
| 3.6.2 | Reducing Poverty | ||
| 3.6.3 | The Impact of Inequality on Economic Agents | ||
| 3.6.4 | Re-Distribution of Income and Wealth | ||
| 4 | Making Markets Work | Revision Guide | Podcast |
| 4.1 | Competition and Market Power | Video | |
| 4.1.1 | Spectrum of Competition | ||
| 4.1.2 | Barriers to Entry | ||
| 4.1.3 | Oligopoly | ||
| 4.1.4 | Business Objectives and Pricing Decisions | ||
| 4.1.5 | Productive and Allocative Efficiency | ||
| 4.2 | Market Power and Market Failure | Video | |
| 4.2.1 | Market Failure | ||
| 4.2.2 | Business Regulation | ||
| 4.2.3 | Arguments For and Against Regulation | ||
| 4.3 | Market Failure Across the Economy | Video | |
| 4.3.1 | Externalities | ||
| 4.3.2 | Policies to Deal with Market Failure | ||
| 4.4 | Macroeconomic Policies and Impact on Firms and Individuals | Video | |
| 4.4.1 | The AD/AS Model | ||
| 4.4.2 | Demand-Side Policies | ||
| 4.4.3 | Supply-Side Policies | ||
| 4.4.4 | The Impact of Macroeconomic Policies | ||
| 4.5 | Risk and the Financial Sector | Video | |
| 4.5.1 | Risks and Uncertainty | ||
| 4.5.2 | The Role of the Financial Sector | ||
| 4.5.3 | The Role of the Central Bank | ||
| 4.5.4 | The Global Financial Crisis | ||
| Question Types and How to Answer Them | Video |
