Elevate your Microeconomics A-Level performance with my comprehensive Year 1 notes! These meticulously organized notes cover all essential topics, from the fundamental principles of scarcity, choice, and opportunity cost to in-depth analyses of demand and supply dynamics. With clear explanations, annotated diagrams, and real-world applications, you'll master key concepts like market equilibrium, elasticity, consumer and producer surplus, and the intricacies of market failures and government int...

It covers the basic understanding of economics and lays the foundations of the economic theory and explains why we have the economic theory