Overview

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.

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9781515238980

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