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Study notes

A Level Economics Year 1 Microeconomics Study Notes

  • Levels: AS, A Level
  • Exam boards: AQA, Edexcel, OCR, IB

Here is a topic-by-topic listing of the available study notes for the microeconomics topics for Year 1 (AS) A Level Economics here on tutor2u.

Check out our Year 1 Microeconomics playlists on the Tutor2u You Tube Channel

Government Intervention in Markets

Market Failure

Elasticity of Demand and Supply



Assumptions in economics

Asymmetric information

Bounded rationality

Capital goods

Carbon taxes

Carbon trading

Changes in Market Equilibrium Price

Choice architecture

Common pool resources

Competitive Supply

Composite Demand

Consumer Surplus

Cross price elasticity of demand

De-Merit Goods

Economic and Social Welfare

Economic resources

Economic Systems

Education Funding - Tuition Fees in the UK

Equilibrium Market Prices

Equilibrium Prices - A Summary of Key Changes

Equilibrium Prices and Producer Revenue

Factor Immobility

Factors Affecting Price Elasticity of Demand

Factors of Production

Finite and Renewable Resources


Free rider problem

Functions of the Price Mechanism

Gini Coefficient

Government Failure

Government Intervention - Buffer Stock Schemes

Government Intervention - Debate over Minimum Alcohol Prices

Government Intervention - Fiscal Policy Intervention

Government Intervention - Indirect Taxes

Government Intervention - Maximum Prices

Government Intervention - Minimum Wage and Living Wage

Government Intervention - Producer Subsidies

Government Intervention - Regulations

Government Intervention - Stakeholders

Government Intervention - Subsidies

Government Intervention in Markets

Income and Wealth

Income elasticity of demand

Inferior goods

Index numbers

Inequality of Income and Wealth

Information Economics - Moral Hazard and Adverse Selection

Information Economics - The Market for Lemons

Information Failure

Introduction to Behavioural Economics

Introduction to Market Failure

Joint Demand

Joint Supply

Labour Market - Demand for Labour

Labour Market - Elasticity of Labour Demand

Labour Market - Real Wages

Labour Market - Supply of Labour

Labour Market - Trade Unions

Labour Market - Wage Differentials

Loss aversion

Marginal decisions in economics

Market Equilibrium - Decreasing Demand and Supply

Market Equilibrium - Transition to New Equilibrium

Market Failure - Income and Wealth Inequality

Markets in Action - Beef Prices

Merit Goods

Negative Externalities

Negative externalities and government intervention

Opportunity Cost

Positive and Normative Statements

Positive Externalities

Poverty Trap

Price Elasticity of Demand

Price Elasticity of Demand and Total Revenue

Price elasticity of supply

Price Volatility - Palm Oil Production and Prices

Private Goods

Producer Surplus

Production Possibility Frontier

Public Bads

Public Goods

Quasi Public Goods

Rational behaviour

Rationing scarce resources

Scarcity and Choices

Shale Gas and the UK Economy

Shifts in Market Demand

Shifts in Market Supply

Shoves and Nudges – Behavioural Economics in Action

Social norms


Specialisation and the Gains from Trade

The Cost-Benefit Principle

Theory of Demand

Theory of Supply

UK Housing Market - The Housing Shortage

Utility theory

Wage Differentials in the UK Labour Market

What is Economics?

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