2017 Edexcel Economics Economic Thinkers

Page

Edexcel case study download (Also the Great Depression case studies see a separate page).

Check the Textbooks

Check the Case Study links
see the Slideshare link

https://www.slideshare.net/mobile/mattbentley34/famous-economic-thinkers


Try this youtube site for Adam Smith and Karl Marx


https://www.youtube.com/watch?iv=E4YlOyugato&feature=youtube_gdata_player




From the Specification


Specification AS, units 1 and 2, references to Economists (some elements of each of the Case Studies relate to the A2 units 3 & 4)

This is a means to see elements of the Specification through Economic Schools of thought and in relation to historical and present Economic events.

They create a broader perspective than just theory and the information may be part of examination questions (see examples in the case studies).


Mentions of Economic thinkers in Units 1 & 2

1.1.5


a) Specialisation and the division of labour: reference to Adam Smith 


1.1.6

a) The distinction between free market, mixed and command economies: reference to Adam Smith, Friedrich Hayek and Karl Marx 


b) The advantages and disadvantages of a free market economy and a command economy 


c) The role of the state in a mixed economy


2.2.3

a) Different shapes of the long-run AS curve: o Keynesian o classical


2.6.2


h) Awareness of demand-side policies in the Great Depression and the Global Financial Crisis of 2008 o different interpretations o policy responses in the US and UK