Micro Economics – Full Spec

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  • UniversityUniversity of South Wales
  • AreaBusiness and commerce
  • CourseEconomics
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B Grade
  • Authorlaurendowdeswell
  • Created2018
  • Pages27
  • Approved1 December 2018

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Daniel Markos Bond University

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About these notes

This includes the whole A-Level Spec for Micro Economics for OCR, which gives an excellent background for Degree-level economics. These notes are being used by old lecturers as teaching tools and are given to students who are struggling. Notes include:
– The Basic Economic Problem
– The Market Economy
– Opportunity Cost
– Specialisation and Trade
– Supply and Demand and the Interaction of Markets
– Elasticity
– Productivity and Allocative Efficiency
– Costs and Revenues
– Economies and Diseconomies of Scale
– Market Failure
– Externalities
– Information Asymmetries
– Alternative Methods of Government Intervention
– Minimum and Maximum Price
– Government Failure

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