Explore Economics

Fiscal policy can be used to alter the level of demand for different products and also the pattern of demand within the economy.

  • Indirect taxes can be used to raise the price of de-merit goods and products with negative externalities designed to increase the opportunity cost of consumption and thereby reduce consumer demand towards a socially optimal level
  • Subsidies to consumers will lower the price of merit goods. They are designed to boost consumption and output of products with positive externalities – remember that a subsidy causes an increase in market supply and leads to a lower equilibrium price
  • Tax relief: The government may offer financial assistance such as tax credits for business investment in research and development. Or a reduction in corporation tax (a tax on company profits) designed to promote new capital investment and extra employment
  • Changes to taxation and welfare payments can be used to influence the overall distribution of income and wealth – for example higher direct tax rates on rich households or an increase in the value of welfare benefits for the poor to make the tax and benefit system more progressive
CPD courses

Teaching the New AQA A Level Economics

Resources, approaches and support for teachers delivering the new AQA specification in A Level Economics (including the Year 1 AS teaching content)

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Teaching & learning products

OCR Economics Year 1 (AS) Teacher PowerPoint Presentations

This resource comprises a complete collection of editable PowerPoint presentations that are ideal for teaching individual topics for the whole Year 1 (AS) teaching content. Each presentation has a consistent, clear and professional format and maps precisely to the OCR specification teaching content.


Edexcel Economics Year 1 (AS) Lesson Topic Worksheets

A comprehensive collection of editable lesson topic worksheets to support the teaching of the core teaching content Year 1 (AS) A Level Economics specification.