Edexcel Economics A Theme 1: Introduction to markets and market failure

Brendan John Casey

ISBN 10: 1515238989 / ISBN 13: 9781515238980

Published by Createspace Independent Publishing Platform, 2015

About this Item

This item is printed on demand. New copy - Usually dispatched within 5-9 working days 113.

Seller Inventory # C9781515238980

Bibliographic Details

• Title: Edexcel Economics A Theme 1: Introduction to markets and market failure
• Publisher: Createspace Independent Publishing Platform
• Publication Date: 2015
• Language: English
• ISBN 10: 1515238989
• ISBN 13: 9781515238980
• Binding: Paperback / softback
• Condition: New

About this title

Synopsis

 

Description

This book is intended as both a revision guide and student notes for Edexcel Economics A Theme 1: Introduction to markets and market failure.

Topics covered include:

• Basic economic problem
• Opportunity cost
• Specialisation and the division of labour
• Behavioural economics
• Economic systems
• Demand/supply
• Market clearing
• Elasticities - PED, PES, YED, XED
• Incidence of taxation
• The housing market
• Market failure
• Public goods & private goods

Detailed examples of market failure covered:

• Road pricing
• Healthcare
• Higher education
• New airports and runways
• Buffer stock schemes
• Agriculture
• Pollution
• Fishing

Although mainly aimed at the Edexcel A Level syllabus it may also have relevance for other students on other economics courses post-16 or degree level.