Economics

Merit & Demerit Goods (AS/A LEVELS/IB/IAL)

280

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Edexcel/AQA/OCR/WJEC AS/A LEVELS/IB/IAL Microeconomics
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Edexcel/AQA/OCR/WJEC
AS/A LEVELS/IB/IAL
Microeconomics
Price Elasticity of Demand (PED) – AS/A LEVELS/IB/IAL

678

0

Microeconomics AS/A2 Responsiveness of demand for a good due to a change in its price.
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Microeconomics
AS/A2
Responsiveness of demand for a good due to a change in its price.
Diseconomies of scale (AS/A LEVELS/IB/IAL)

322

0

Diseconomies of scale occur when output increases long run average costs also increase.
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Diseconomies of scale occur when output increases long run average costs also increase.
Economies of scale (AS/A LEVELS/IB/IAL)

354

0

As output increases there is a fall in long run average costs.
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As output increases there is a fall in long run average costs.
Predatory pricing (AS/A LEVELS/IB/IAL)

227

0

This pricing strategy involves cutting prices below the average cost of production in the short run.
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This pricing strategy involves cutting prices below the average cost of production in the short run.
Limit Pricing (AS/A LEVELS/IB/IAL)

262

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Theme 3 This pricing strategy is used by firms to discourage new entrants.
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Theme 3
This pricing strategy is used by firms to discourage new entrants.
Macro-economic Objectives (AS/A LEVELS/IB/IAL)

245

0

The government of the day has key objectives it tries to achieve when in power.
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The government of the day has key objectives it tries to achieve when in power.
Conflicts – Macro-economic objectives (AS/A LEVELS/IB/IAL)

268

0

Conflicts – Macro-economic objectives Economic Growth & Inflation (1-3%) A rise in economic growth (GDP) could lead to a rise in demand pull inflation. This would only cause a problem if inflation increased above the government’s target rate of 1-3%. Economic Growth & Balance of Payments A rise in economic growth will lead to a […]
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Conflicts – Macro-economic objectives (AS/A LEVELS/IB/IAL)

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