A-Level Economics · Syllabus 8.1
Government policies to achieve efficient resource allocation and correct market failure
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InteractiveMaximum and Minimum Prices8.1.1 · Price ceilings and floors, shortages and surpluses, black markets and the cost of buying the surplus, with animations, labs and past paper practice.Open →
InteractiveIndirect Taxes, Subsidies and Tradable Permits8.1.1 · Tax incidence, subsidies and cap-and-trade permits, with animated diagrams, labs and past paper practice.Open →
InteractiveRegulation, Public Provision, Privatisation and Nudges8.1.1 · Price caps on natural monopolies, competition policy, state provision, privatisation and nudges, with animations, labs and past paper practice.Open →
InteractiveGovernment Failure and Choosing the Right Policy8.1.2 · Causes of government failure, matching tools to failures and weighing free markets against intervention, with animations, labs and past paper practice.Open →
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InteractiveGovernment Policies and Market Failure: the Whole Chapter on One Page8.1 · Taxes, subsidies, price controls, tradable permits, regulation, state provision, privatisation and nudges, with animated price control and tax diagrams, labs and past paper practice.Open →
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