Reference library | tutor2u Economics

This revision video takes students through a worked example of comparative advantage and the potential gains from specialisation and trade at a mutually beneficial terms of trade between two countries.

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Comparative Advantage and Gains from Trade

Game theory is the study of how people and businesses behave in strategic situations (i.e. when they must consider the effect of other people’s responses to their own...

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Game Theory - Different Types of Games
00:4:57

Why is it that many mergers and takeovers fail to achieve the gains / benefits claimed before the integration took place?

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Evaluating Mergers and Takeovers

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AQA A Level Economics Revision Flashcards - Markets and Market Failure

  • SKU: 02-4130-30071-03
  • Printed Edition

  • £10.00 (+VAT)
00:7:49

This study note looks at some of the causes of shifts in the supply of labour to an occupation / industry.

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Labour Supply - Shifts in Market Supply (Labour Markets)
00:6:44

The yield on a government bond is the interest rate paid to holders of the bond (creditors) by the borrower (debtor). It can vary greatly across countries depending on the...

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Fiscal Policy - Bond Yields
00:4:0

Most resources are finite and we cannot produce an unlimited number of different goods and services

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Finite and Renewable Resources
00:15:25

When can game theory be used to good effect in A level economics essays? You would normally use game theory at A2 level when discussing the market structure of oligopoly....

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Applying Game Theory in Economics Essays
00:3:1

According to Marx and Weber (2012), availability bias or the availability heuristic refers to the human tendency to judge an event by the ease with which examples of the event can...

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Availability Bias (Behavioural Economics)
00:5:7

Commercial banking relates to deposit-taking and lending. They provide services to corporate and individual customers.

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Commercial Banks (Financial Economics)
Student videos

Quasi Public Goods

00:2:43

A quasi-public good is a near-public good. It has some of the characteristics of a public good especially when it becomes rival in consumption at times of peak demand.

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Quasi Public Goods
00:3:10

What is choice architecture? Choice architecture describes how the decisions we make are affected by the layout / sequencing / and range of choices that are available. According to Behavioural economists Richard...

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Choice Architecture (Behavioural Economics)
00:9:33

This short revision video provides an overview of three forms of imperfect competition, namely monopoly, oligopoly and imperfect competition. It considers too the likely impact of each market structure on...

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Understanding Imperfect Competition
Study presentations

Transition Economies

00:5:29

Transition economies are involved in a process of moving from a centrally planned economy to a mixed or free market economy.

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Transition Economies
00:3:28

The marginal cost of employing labour is the change in total labour costs from employing one extra worker.

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Average and Marginal Cost of Labour (Labour Markets)

A crucial part of AS analysis and evaluation is to consider the causes of possible conflicts between key macro objectives.

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Macro Policy Conflicts

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