100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Summary Notes on Year 1 Microeconomics £5.99   Add to cart
Quickly navigate to
Preview
  2.  
  3. AQA
  4.  
  5. Economics
  6.  
  7. Microeconomics 1st year

Summary

Summary Notes on Year 1 Microeconomics

 7 views  0 purchase
  • Institution
  • AQA

Well organised and presented notes, displaying summarised notes of year 1 microeconomics, notes on most of the course apart from government failure and invention(possibly a few more lessons but not likely). These notes helped me achieve an A in microeconomics for year 12.

Preview 3 out of 18  pages

Document information

  • December 27, 2023
  • 18
  • 2022/2023
  • Summary

Subjects

Written for

All documents for this subject (1)

Seller

avatar-seller
dripcustom345

Content preview

, Economic Methodology
Natural science- develop theories and test them
Social science - cannot control our experiments in a laboratory

Normative statements - these express an opinion about what ought to be. They are subjective
statements that carry some value judgement.

Positive statements- these can be tested or rejected based on existing
evidence. They are objective statements.


Value judgements- can influence economic decision making and policy. Different economists
may make different judgements from the same statistic.

, The nature and purpose of economic activity
-To produce goods and services to satisfy the needs and wants for the population.

Scarcity - when the limited resources are insufficient to meet the unlimited wants of
the people.
Opportunity cost- The next best alternative forgone, when an economic decision is
made.
Durable-Goods that don’t run out as we use them.

Happiness in economics is referred to as welfare and welfare is
measured in terms of utility

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller dripcustom345. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for £5.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

67096 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now

Start selling
£5.99
  • (0)
  Add to cart