Reference library | tutor2u Economics

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

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Finite and Renewable Resources

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

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)

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


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

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)

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


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

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

The synoptic paper tests your understanding of both micro and macroeconomic theories and concepts. The content you have revised for the first two papers remains the same but now questions...

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Preparing for the Synoptic Economics Exam

Analysis needs to include more than just ‘one thing leads to another thing.’ This answer may be marked as ‘knowledge’ and not ‘analysis’. This short video looks at an example...

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Introduction to Building a Logical Chain of Analysis

Recent examples of horizontal integration in different markets and industries can be found here

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Recent Examples of Horizontal Integration

This study note looks at the balance sheet of commercial banks and how they are able to create money through the process of credit creation.

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Credit: How it is Created (Financial Economics)

This short revision video takes students through the basic analysis diagram showing the effects of a tariff introduced into a domestic market.

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Import Tariffs - Basic Analysis Diagram

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