AQA AS economics [electronic resource] . Unit 1, Markets and market failure / Ray Powell.

Format:

Book

Author/Creator:

Powell, Ray.

Series:

Student unit guide

Language:

English

Subjects (All):

Marketing--Examinations--Study guides.

Marketing.

Economics--Examinations--Study guides.

Economics.

Physical Description:

1 online resource (103 p.)

Edition:

New ed.

Place of Publication:

Deddington : Philip Allan, 2011.

Language Note:

English

Summary:

Focused revision for your best possible grade.

Contents:

Cover; Contents; Getting the most from this book; About this book; Content Guidance; Summary of 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; Questions & Answers; The ECON 1 exam; The exam's assessment objectives; Answering objective-test questions

Answering data-response questionsThe four key skills; Evaluation and levels of skill mark schemes; A strategy for tackling the examination; The exam questions in this Guide; Understanding UMS marks; Objective-test questions; Questions on Topics 1 to 9; Questions that can trick you; Data-response questions; Q1 The rice market; Q2 The video game market; Q3 Economies of scale and the division of labour; Q4 The price of oil and the US car market; Q5 Lads' mags and demerit goods; Q6 Merit goods, private goods and public goods; Knowledge check answers; Index; A; B; C; D; E; F; G; I; J; K; L; M; N

OP; Q; R; S; T; U; V; W

Notes:

Includes index.

ISBN:

1-4441-4825-7

OCLC:

795119891