Study Presentations
Economic Efficiency
- Level:
- A-Level
- Board:
- AQA, Edexcel, OCR, IB
Last updated 21 Mar 2021
This is an updated revision presentation on economic efficiency in markets
Students should be able to:
- Understand and distinguish between productive and allocative efficiency
- Know that the minimum point on the average total cost is the most productively efficient point and that allocative efficiency occurs where price is equal to marginal cost
- Understand the meaning of inefficiency e.g. X-inefficiency
You might also like
What is Static (Economic) Efficiency?
Study Notes
Web browser market share - a changing structure
10th August 2022
Key Diagrams - Monopoly and Productive Efficiency
Topic Videos
Key Diagrams - Monopoly and Allocative Efficiency
Topic Videos
Circular Economy - the companies making stuff from CO2
9th December 2021
Zombie Firms
Topic Videos
Environmental Economics - Tesla co-founder has plan to recycle EV batteries
15th September 2021
UK Economy - Policy Focus - Productivity
Topic Videos