Individuals, Firms, Markets & Market Failure (AQA A Level Economics) Get ready for your AQA A Level Economics exams with our revision resources. Find everything you need to revise this topic, so you can go into your exam confident and prepared. Teachers and examiners write all our resources, and they’re designed specifically for each exam board. We regularly update them to match the latest syllabus, so you’ll only revise the most accurate, up-to-date information. Explore the collection below to get started.
Individuals, Firms, Markets & Market Failure Revision Notes 1. Economic Methodology & the Economic Problem Economic Methodology Economic Activity Economic Resources Scarcity, Choice & the Allocation of Resources Production Possibility Diagrams 2. Individual Economic Decision Making Consumer Behaviour Imperfect Information Behavioural Economics Using Behavioural Economics 3. Price Determination in Competitive Markets Demand Curves Demand Curves: Real World Analysis Supply Curves Supply Curves: Real World Analysis The Determination of Market Equilibrium Analysing Changes to Market Equilibrium Price Elasticity of Demand (PED) Income & Cross Elasticities of Demand Price Elasticity of Supply (PES) Interrelationships Between Markets 4. Production, Costs & Revenue Production & Productivity Specialisation & Division of Labour Diminishing Returns & Returns to Scale Costs of Production Explaining the Shapes of the Cost Curves Economies & Diseconomies of Scale Short-run & Long-run Relationships Marginal, Average &Total Revenue Profit Technological Change 5. Perfect & Imperfectly Competitive Markets & Monopolies Market Structures The Objectives of Firms Perfect Competition Monopolistic Competition Oligopoly Oligopoly: Price & Non-Price Competition Monopoly & Monopoly Power Price Discrimination Competition & Competitive Market Processes Contestable & Non-contestable Markets Market Structure, Efficiency & Resource Allocation Consumer & Producer Surplus 6. The Labour Market Factors Influencing the Demand for Labour Factors Influencing the Supply of Labour Determining Wage Rates: Competitive Labour Markets Determining Wage Rates: Imperfectly Competitive Labour Markets The Influence of Trade Unions on Wages & Employment The National Minimum Wage (NMW) Discrimination in the Labour Market 7. Income & Wealth Distribution Income & Wealth Distribution The Lorenz Curve & Gini Coefficient The Problem of Poverty Government Policies to Reduce Poverty & Inequity 8. The Market Mechanism, Market Failure & Government Intervention The Market (Price) Mechanism An Introduction to Market Failure Market Failure: Public, Private & Quasi Public Goods Market Failure: Negative Externalities Market Failure: Positive Externalities Market Failure: Tragedy of the Commons Market Failure: Merit & Demerit Goods Market Failure: Market Imperfections Government Intervention: An Introduction Government Intervention: Indirect Taxation & Subsidies Government Intervention: Price Controls Government Intervention: Competition Policy Government Intervention: Public Ownership Versus Privatisation Government Intervention: Regulation & Deregulation Government Intervention: Other Methods Government Failure Individuals, Firms, Markets & Market Failure Exam Questions 1. Economic Methodology & the Economic Problem Exam Questions 2. Individual Economic Decision Making Exam Questions 3. Price Determination in Competitive Markets Exam Questions 4. Production, Costs & Revenue Exam Questions 5. Perfect & Imperfectly Competitive Markets & Monopolies Exam Questions 6. The Labour Market Exam Questions 7. Income & Wealth Distribution Exam Questions 8. The Market Mechanism, Market Failure & Government Intervention Exam Questions AQA A Level Economics Past Papers