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Economics AS Level Notes Economics Definition – The study of how to allocate scarce resources in the most effective way Economic Problem Definition – How to allocate scarce resources among alternative uses Household Definition – A group of people whose spending decisions are connected Microeconomics Definition – The study of how households and firms make decisions in markets Note: the revision section will be constantly updated and under construction. View BE notes.pdf from STATISTICS 1230123 at Indian Institute of Foreign Trade. All economics resource notes are donated by previous students. This paper. TRANSCRIPT YEW CHUNG INTERNATIONAL SECONDARY SCHOOL 2015 - 2016 Teaching, self-learning and revision notes for Fiscal Policy in Economics for all exam boards (IB, Edexcel, AQA, OCR, Eduqas, IAL, CIE). IB Economics Revision notes are listed as in the official IB Economics syllabus which can be found here: IB Economics Syllabus. Download Full PDF Package. 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