Key Topics to Revise for Paper 1 Micro in 2019

The microeconomics paper usually ranges far and wide across many different markets and industries. In this video, I look at some of the issues that have been topical in the last couple of years ranging from environmental market failure, the changing contestability of markets, interventions to change consumer and business behaviour, the role of the state (including nationalisation and public goods) through to important issues in the labour market. Having some background awareness of some of these issues will help you add some context into your answers. The paper tests your ability to apply, analyse and evaluate concepts and theories. Good luck!

Don't forget to check out our videos on A* evaluation for Paper 1 micro