AQA AS Economics Student Unit Guide: Unit 1 New Edition Markets and Market Failure - Softcover

Powell, Ray

Softcover

ISBN 10: 1444148249 ISBN 13: 9781444148244

Publisher: Philip Allan, 2011

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:



Introduction to the specification

The economic problem

Supply and demand in competitive markets

Elasticity

Prices and resource allocation

Production and efficiency

Market failure, public goods and externalities

Merit and demerit goods, income and wealth inequalities, and labour immobility

Monopolies and the allocation of resources

Government intervention in the market

About this title

About the Author

Ray Powell is currently Head of Economics at Wimbledon High School and is author of the AQA AS and A2 Economics textbooks, and of the AQA Economics Student Unit Guides and Workbooks, also published by Philip Allan.

Edition details

• Publisher: Philip Allan
• Publication date: 2011
• Language: English
• ISBN 10: 1444148249
• ISBN 13: 9781444148244
• Binding: Paperback
• Number of pages: 104