Theme 1: How Markets Work

PEARSON (PEARSON)

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Edexcel A-Level Economics, Theme 1: How Markets Work - Rational and Irrational Decision-Making
  • Edexcel A-Level Economics, Theme 1: How Markets Work - Rational and Irrational Decision-Making

  • Summary • 9 pages • 2022
  • A summary of: - Homo economicus and relevant assumptions - Behavioural economics
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Edexcel A-Level Economics, Theme 1: How Markets Work - Market Demand, Elasticities of Demand
  • Edexcel A-Level Economics, Theme 1: How Markets Work - Market Demand, Elasticities of Demand

  • Summary • 12 pages • 2022
  • A summary of: - How the demand curve is derived, moves and shifts. - PED and its determinants - YED and its determinants - XED with diagrams
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Edexcel A-Level Economics, Theme 1: How Markets Work - Theory of Supply, Surplus, PES, Price Determination
  • Edexcel A-Level Economics, Theme 1: How Markets Work - Theory of Supply, Surplus, PES, Price Determination

  • Summary • 9 pages • 2022
  • A summary of: - How the supply curve is derived, moves and shifts. - Process of price determination - Producer and consumer surplus - Price Elasticity of Supply All with diagrams
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