Theme 1 – Introduction to Markets and Market Failure

This theme is included in AS Paper 1 and A Level Paper 1 and Paper 3 for Edexcel Economics (A).

NOTES:

Flashcards-Theme-1-Introduction-to-Markets-and-Market-Failure-Edexcel-A-Economics-A-level
Definitions-Theme-1-Introduction-to-Markets-and-Market-Failure-Edexcel-A-Economics-A-level
Exam-Technique-A-level-Papers-Edexcel-A-Economics-A-level
Exam-Technique-AS-level-Papers-Edexcel-A-Economics-A-level
Exam-Technique-Essay-Skills-Edexcel-A-Economics-A-level

SUMMARY NOTES

1.1.-Nature-of-Economics
1.2.-How-Markets-Work
1.3.-Market-Failure
1.4.-Government-Intervention

DETAILED NOTES

1.1.-Nature-of-Economics-1
1.2.-How-Markets-Work-1
1.3.-Market-Failure-1
1.4.-Government-Intervention-1

EXAMPLE ANSWERS

A-level-Business-Objectives
A-level-Paper-1-June-2017
A-level-Paper-1-Specimen
A-level-Reduction-in-Excise-Duty
A-level-Tradable-Pollution-Permits
AS-level-Electric-Cars-Tax
AS-level-Paper-1-June-2016
AS-level-Paper-1-Specimen

VIDEOS:

1.1 Nature of Economics

A General Introduction to Economics
PPF and Opportunity Cost
Market and Planned Economies
Specialisation
Division of Labour
Functions of money

1.2 How Markets Work

Price Elasticity of Supply
Price Elasticity of Demand