Main menu For students For teachers Explore our subjects Student events & courses

Explore

More for students
Sign in

Free Economics resources

Topic Videos

Key Diagrams - Consumer and Producer Surplus

Level:
A-Level, IB Diploma
Board:
AQA, Edexcel, Eduqas, IB, OCR, WJEC

Last updated 28 Apr 2022

Share this content:

This short revision video takes students through the basics of consumer and producer surplus and highlights key topics where the concepts might be usefully applied in analysis and evaluation.

Key Diagrams - Consumer and Producer Surplus

Some key topics to use consumer & producer surplus:

  • Economic welfare effects of increased contestability
  • Welfare impact of price discrimination in a monopoly
  • Impact on price collusion within an oligopoly
  • Impact of indirect taxes on welfare
  • Impact of government subsidies on welfare
  • Effects of businesses achieving economies of scale
  • Welfare effects of international trade
  • Welfare impact of protectionist measures (tariffs, quotas)
Share this content:

You might also like

Why having a full time job does not guarantee financial security

8th September 2026

Enrichment Economics: Why the UK High Street Wants to Sell You a Package

14th July 2026

In the News Teaching Activity – How much would it cost to reduce ocean plastic waste? (June 2026)

22nd June 2026

Porto Santo - A small island’s renewable energy journey

17th June 2026

Micro Case Study: Amazon

Topical case studies

UK Fuel Market: Rocket and Feather Pricing: A Case Study in Market Failure

19th March 2026

In the News Teaching Activity – Should the gambling tax be increased? (Oct 2025)

27th October 2025

In the News Teaching Activity – Is overfishing endangering UK favourite dinner of fish and chips? (Oct 2025)

13th October 2025