Lecture notes

Theme 1: 1.3.1 Market Failure

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Excellent study tool to revise the Market Failure section of the A-level Economics syllabus. This is tailored to the Edexcel specification but can also be used for other exam boards. This is a relevant resource for both first-year and second-year students to revise or learn from and get the best possible grade.

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Peter Smith Edexcel A level Economics A Book 1

Edition:Unknown
ISBN:9781471830006
Edition:1

Written for

Study Level: A/AS Level
Examinator: PEARSON (PEARSON)
Subject: Economics A
Unit: Unit 1 - Introduction to markets and market failure

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Document information

Uploaded on: May 26, 2021
Number of pages: 13
Written in: 2020/2021
Type: Lecture notes
Professor(s): Mr. payne
Contains: All classes

Subjects

a level economics
edexcel economics
economics

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From the specification...

NB/ whilst we have mentioned both, we are not required to cover merit and demerit
goods although they are both examples of market failure. This is not a problem – all
knowledge is power.

1.3 - Market Failure
1.3.1 - Types of market failure

, What is meant by
market failure and
what are the
different types?

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Theme 1: 1.3.1 Market Failure

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