Edexcel A Level Economics A:复习笔记1.3.2 Externalities
Externalities & Different Types of Costs Externalities occur when there is an external impact on a third party not involved in the economic transaction These impacts can be positive or negative...
Edexcel A Level Economics A:复习笔记1.3.1 Types of Market Failure
Understanding Market Failure In a free market, the price mechanism determines the most efficient allocation of scarce resources in response to the competing wants and needs in the marketplace Scarc...
Edexcel A Level Economics A:复习笔记1.2.10 Alternative Views of Consumer Behaviour
Alternative Views of Consumer Behaviour Free markets are built on the assumptions of rational decision making In classical economic theory, the word 'rational' means that economic agents are able t...
Edexcel A Level Economics A:复习笔记1.2.9 Indirect Taxes and Subsidies
Indirect Taxes An indirect tax is paid on the consumption of goods/services It is only paid if consumers make a purchase It is usually levied by the government on demerit goods to reduce the quanti...
Edexcel A Level Economics A:复习笔记1.2.8 Producer & Consumer Surplus
Producer & Consumer Surplus Consumer surplus is the difference between the amount the consumer is willing to pay for a product and the price they have actually paid For example, if a consumer i...
Edexcel A Level Economics A:复习笔记1.2.7 Price Mechanism
Functions of The Price Mechanism The price mechanism is the interaction of demand and supply in a free market This interaction determines prices which are the means by which scarce resources are al...
Edexcel A Level Economics A:复习笔记1.2.6 Price Determination
Price Determination & Equilibrium Price Determination In a free market economy, prices are determined by the interaction of demand and supply in a market A market is any place that brings buyer...
Edexcel A Level Economics A:复习笔记1.2.5 Elasticity of Supply
Price Elasticity of Supply (PES) The law of supply states that when there is an increase in price (ceteris paribus), producers will increase the quantity supplied and vice versa Economists are inte...
2023年1月A-Level考试报名时间公布！
最近，2023年1月IG与A-level考试报名时间已经公布了，A-Level报名考试10月18日截止，2022年秋季考试10月10日开始！小编特此提醒：2023年1月开放了Further Math的A2部分，不再是6月的一锤定音，为冲刺A*增加了一次...
