Publisher's 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
