Pearson Edexcel • Economics

A summary of: - Different types of indirect taxes - How indirect taxes can be used to correct negative externalities of production. - Advantages and disadvantages of using indirect taxes

A summary of: - State Provision - diagrams, pros and cons. - Tradeable Pollution Permits - pros and cons, EU ETS - Info provision with diagram

A summary of: - Key definitions - Negative externalities of production and diagram - Positive externalities of consumption and diagram - Merit and demerit goods with diagrams - Asymmetric information with a diagram - Information gaps - How economists value externalities

A summary of: - characteristics of public goods - free rider problem - Tragedy of the Commons - Advantages & disadvantages of state provision

A summary of: - Homo economicus and relevant assumptions - Behavioural economics

A summary of: - How the demand curve is derived, moves and shifts. - PED and its determinants - YED and its determinants - XED with diagrams

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

A summary of: - Economics as a social science - Functions of money - Assumptions and models - Factors of production & Economic agents - Specialisation and the Division of labour. - Types of economies

Summarises the advantages and disadvantages of the following structures: monopoly, oligopoly + their pricing strategies, monopolistic competition, perfect competition, monopsony. Also includes notes on efficiency, economies of scale and contestability.

A level Edexcel Economics Theme 4 notes summarised