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Year 1 Micro Key Diagrams

Last updated 14 Jun 2022

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This collection brings together many of the key diagram videos for Year 1 Microeconomics

Production Possibility Frontiers

Production Possibility Curve - Shifts in the PPC

Topic Videos
Production Possibility Curve - Movements along the Curve

Topic Videos
PPF Outward Shift - Theme 1 Micro

Topic Videos
PPF Inward Shift - Theme 1 Micro

Topic Videos
PPF - An Inward Shift (Chain of Analysis)

Exam Support

Market Demand and Supply and The Price Mechanism

The Price Mechanism - Explaining Shifts in Market Demand

Topic Videos
Price Mechanism - Shifts in and Movements along Curves

Topic Videos
Composite Demand

Study Notes
Equilibrium Market Prices

Study Notes
Petrol and Diesel Cars and Market Failure - Chains of Reasoning

Topic Videos
Revision Blast (Year 12 Economics) - The Market Mechanism

Topic Videos
The Price Mechanism - Explaining Shifts in Market Supply

Topic Videos
Price Mechanism - Volatile Prices for Natural Gas

Topic Videos
Price Mechanism - Economics of Secondhand Car Prices

Topic Videos
Explaining the Price Mechanism

Topic Videos
Effective Demand in Markets

Topic Videos
Price theory: Explaining an upward-sloping supply curve

Topic Videos
Free market economic system

Topic Videos
Explaining the Theory of Supply

Study Notes

Markets in Action

Markets in Action - Soaring Helium Prices

Topic Videos
Markets in Action - Cocoa Price Volatility

Topic Videos
Markets in Action - Crude Oil Prices

Topic Videos
Markets In Action: Price Volatility in the Market for Avocados

Topic Videos
Markets in Action: Supply and Demand for Strawberries

Topic Videos
Markets in Action: Demand and Supply Factors in the Steel Market

Topic Videos
Markets in Action: Supply and Demand for Electric Vehicles

Topic Videos

Quizlet Revision Activities

Introductory Microeconomics (Quizlet Activity)

Quizzes & Activities
Rational Behaviour (Quizlet Revision Activity)

Quizzes & Activities
Production Possibility Frontier (Quizlet Activity)

Quizzes & Activities
Demand Theory (Quizlet Revision Activity)

Quizzes & Activities
Supply Theory (Quizlet Revision Activity)

Quizzes & Activities
The Price Mechanism (Revision Quizlet Activity)

Quizzes & Activities

Elasticity of Demand

Coefficients of Elasticity of Demand

Topic Videos
Income Elasticity of Demand

Topic Videos
Calculating Price Elasticity of Demand

Topic Videos
Cross Price Elasticity of Demand

Study Notes
Explaining Price Elasticity of Demand

Study Notes
Cross Price Elasticity of Demand

Topic Videos
How Markets Work - Elasticity of Demand

Study Notes
Explaining Income Elasticity of Demand

Study Notes
Calculating Income Elasticity of Demand

Topic Videos
Price Elasticity of Demand - Revision Playlist

Topic Videos
Calculating Cross Price Elasticity of Demand

Topic Videos
Factors Affecting Price Elasticity of Demand

Study Notes
Price Elasticity of Demand - Two Example Calculations

Topic Videos
Elasticity of Demand and Supply - Selection of Revision MCQs

Practice Exam Questions

Price Elasticity of Supply

Price Elasticity of Supply

Topic Videos
Elasticity of Supply of Different Products

Study Notes
Calculating Price Elasticity of Supply

Topic Videos
Price Elasticity of Supply (Evaluation of Factors)

Study Notes
Explaining Price Elasticity of Supply

Study Notes
Key Diagrams - Price Elasticity of Supply

Topic Videos

Market Faillure - Externalities

Key Diagrams - Positive Production Externalities

Topic Videos
Key Diagrams - Positive Consumption Externalities

Topic Videos
Key Diagrams - Negative Consumption Externalities

Topic Videos
Key Diagrams - Negative Production Externalities

Topic Videos
Market Failure - Explaining External and Social Costs

Topic Videos
Petrol and Diesel Cars and Market Failure - Chains of Reasoning

Topic Videos
Welfare Loss from Negative Production Externalities

Topic Videos

Government Intervention - Indirect Taxes

2022 Exams - Policies to Reduce Negative Production Externalities

Topic Videos
Evaluating Government Intervention

Exam Support
Government Intervention - Analysis Diagram for a Specific Tax

Topic Videos
Plastic Packaging Tax (Revision Essay Plan)

Topic Videos
Welfare Loss from Indirect Taxes

Topic Videos
Indirect Taxes and Producer Surplus

Topic Videos
Sugar (Soda) Taxes (Government Intervention)

Study Notes
Indirect Taxes

Topic Videos
Indirect Taxes Evaluation (Online Lesson)

Online Lessons
Indirect Taxes and Consumer Surplus

Topic Videos
Key Diagrams - Indirect Taxes and Consumer & Producer Surplus

Topic Videos
Key Diagrams: Specific and Ad Valorem Taxes

Topic Videos

Government Intervention - Subsidies

Key Diagrams - Producer Subsidies (Supply and Demand Analysis)

Topic Videos
Key Diagrams - Producer Subsidies (Supply and Demand Analysis)

Topic Videos
Subsidies - 2021 Revision Update

Study Notes
Evaluating Subsidies (Online Lesson)

Online Lessons
Introduction to Subsidies (Online Lesson)

Online Lessons
Subsidies: Consumer and Producer Benefit

Topic Videos
Producer Subsidies (Government Intervention)

Study Notes
Government Intervention - Subsidies

Teaching PowerPoints

Government Intervention - Minimum Prices

Minimum Prices - 2021 Revision Update

Topic Videos
Minimum Wage - A Level Economics Data Response Plan

Exam Support
Minimum Prices (Online Lesson)

Online Lessons
A* Exam Technique: Evaluating impact of a higher minimum wage

Practice Exam Questions

Government Intervention - Maximum Prices

Key Diagrams - Maximum Prices and Consumer Welfare

Topic Videos
Maximum Prices - 2021 Revision Update

Study Notes
Maximum Prices (Online Lesson)

Online Lessons
Rent Controls - Analysis and Evaluation points

Topic Videos
Maximum Prices (Government Intervention)

Study Notes

Consumer and Producer Surplus

Key Diagrams - Maximum Prices and Consumer Welfare

Topic Videos
Key Diagrams - Indirect Taxes and Consumer & Producer Surplus

Topic Videos
Key Diagrams - Consumer and Producer Surplus

Topic Videos
Welfare Loss - Applying The Concept in Exams

Topic Videos
Applying Consumer Surplus in Economics Assessment Answers

Topic Videos
Indirect Taxes and Consumer Surplus

Topic Videos
Understanding Consumer Surplus

Topic Videos
Marginal Utility and the Demand Curve

Topic Videos
Price Changes and Consumer Surplus

Study Notes
Indirect Taxes and Producer Surplus

Topic Videos
Understanding Producer Surplus

Topic Videos
Producer Surplus

Study Notes

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