The role of markets - OCR A-Level Economics
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Explore The role of markets - OCR A-Level Economics by Sub Topics
Specialisation and trade
Demand
Supply
Consumer and producers surplus
The interaction of markets
Elasticity
The concept of the margin
Market failure and externalities
Information failure
Public goods
Government intervention
The role of specialisation and the division of labour in addressing the problem of scarcity
The impact of changes in price on consumer and producer surplus
The impact of changes in demand and/or supply in one market on a related market(s)
Factors which determine the value of PED
Factors which determine the value of YED
Factors which determine the value of XED
Factors which determine the value of PES
The usefulness and significance of PED
The usefulness and significance of YED
The usefulness and significance of XED
The usefulness and significance of PES
Consumption and production of merit goods
Consumption and production of demerit goods
The provision of public goods
The effectiveness of subsidies as a form of government intervention
The effectiveness of maximum price as a form of government intervention
The effectiveness of minimum price as a form of government intervention
The effectiveness of information provision as a form of government intervention
The effectiveness of regulation as a form of government intervention
The effectiveness of deregulation as a form of government intervention
The effectiveness of nationalisation as a form of government intervention
The effectiveness of privatisation as a form of government intervention
The effectiveness of taxation as a form of government intervention
Causes and consequences of government failure
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