Anisha18

Extremely Detailed Year 1 Microeconomics Notes - complete with diagrams and illustrations (113 pages long) High A* achieved with these notes Contains the following topics: CHAPTER 1: ECONOMIC FOUNDATIONS 4 WHAT IS A SOCIAL SCIENCE? 4 POSITIVE AND NORMATIVE ECONOMICS 4 THE BASIC ECONOMIC PROBLEM 5 OPPORTUNITY COST 6 THE PRODUCTION POSSIBILITY CURVE 7 THE PPC AND OPPORTUNITY COST 8 SPECIALISATION AND EXCHANGE 11 ADAM SMITH 12 ECONOMIC SYSTEMS 14 KEY ECONOMIC THINKERS: HAYEK, KEYNES & ...

Edexcel Economics - Theme 1 Microeconomics - Topic 1.2 How Markets Work Detailed Notes with Diagrams - Achieved High A* with these notes Topics include: - Rational Decision Making - Demand - Supply - Price Determination - Consumer and Producer Surplus - Price Elasticity of Demand - Income Elasticity of Demand - Cross Price Elasticity of Demand - Indirect Taxes - Subsidies - Price Elasticity of Supply

Edexcel Economics - Theme 1 Microeconomics - Topic 1.3 Market Failure Detailed Notes with Diagrams Topics Covered: - Types of Market Failure - Externalities - External Costs and Benefits Diagrams and Explanations - Public Goods - Information Gaps - Solutions to Market Failure

Edexcel Economics - Theme 1 Microeconomics - Topic 1.4 Government Intervention Detailed Notes - achieved High A* with these notes Topics include clear explanations and diagrams on: Government Intervention, Market Failure, Taxation, Subsidies, Maximum Price Scheme, Minimum Price Scheme, Government Regulation, Property Rights, Pollution Permits

1.1 Notes - Nature of Economics - Micro Basics, PPFs, Specialisation and the Division of Labour, Functions of Money