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Edexcel AS Economics Student Unit Guide, unit 1: Competitive Markets: How They Work and Why they Fail - Softcover
Synopsis
Perfect for revision, these guides explain the unit requirements, summarise the content and include specimen questions with graded answers.
Each full-colour New Edition Student Unit Guide provides ideal preparation for your unit exam:
- Feel confident you understand the unit: each guide comprehensively covers the unit content and includes topic summaries, knowledge check questions and a reference index- Get to grips with the exam requirements: the specific skills on which you will be tested are explored and explained- Analyse exam-style questions: graded student responses will help you focus on areas where you can improve your exam technique and performance
CONTENTS:
Content Guidance
- What is the nature of economics?
- What determines the demand for a good or service in a market?
- What determines the supply of a good or service in a market?
- What determines the equilibrium price or wage in a market?
- Why do some markets fail?
- How do governments attempt to correct market failure and what is government failure?
Supported multiple-choice questions
Paper 1: The nature of economics
Paper 2: The demand for goods and services
Paper 3: The supply of goods and services
Paper 4: Market failure and government filure
Data-response questions
Q1: The housing market in England
Q2: The oil and petrol markets
Q3: Road traffic growth
Q4: UK healthcare provision
"synopsis" may belong to another edition of this title.
About the Author
Mark Gavin is head of department at Immanuel College in Bushey. He contributes articles to Economic Review magazine, also published by Philip Allan.
"About this title" may belong to another edition of this title.
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