Edexcel AS Economics Student Unit Guide, unit 1: Competitive Markets: How They Work and Why they Fail - Softcover

Gavin, Mark

 
9781444147827: Edexcel AS Economics Student Unit Guide, unit 1: Competitive Markets: How They Work and Why they Fail

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.

Other Popular Editions of the Same Title

9780340947456: Edexcel AS Economics Student Unit Guide: Unit 1 Competitive Markets: How They Work and Why They Fail

Featured Edition

ISBN 10:  0340947454 ISBN 13:  9780340947456
Publisher: Philip Allan, 2008
Softcover