A-Level Economics · Syllabus 7.4
Private costs and benefits, externalities and social costs and benefits
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InteractivePrivate and External Costs and Benefits7.4.1 to 7.4.4 · What an externality is, private, external and social costs and benefits, and the four types, with animated stacked bars, labs and past paper practice.Open →
InteractiveExternalities and Welfare Loss: the Diagrams7.4.3 to 7.4.5 · Negative and positive externality diagrams, overproduction, underproduction and the welfare loss triangle, with animations, labs and past paper practice.Open →
InteractivePolicies for Externalities: Taxes, Subsidies, Regulation and Bargaining7.4.5 and 8.1.1 · Internalising externalities with taxes and subsidies, regulation, permits, information and property rights and bargaining, with animations, labs and past paper practice.Open →
InteractiveCost-Benefit Analysis7.4.7 · Costs and benefits over time, discounting, net present value and the limits of CBA, with animations, labs and past paper practice.Open →
Extra activities that deepen understanding or give more support. Shown in coursebook order.
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InteractiveExternalities and Social Costs and Benefits: the Whole Chapter on One Page7.4 · Private, external and social costs and benefits, the four kinds of externality, welfare loss diagrams, taxes and subsidies that internalise them, and cost-benefit analysis, with animations, labs and past paper practice.Open →
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