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This short video looks at recent data on the market share of leading businesses in a variety of UK and global industries. In some, there are dominant firms with more...

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Monopoly - Applied Data on UK Market Shares

This video looks at recent price volatility in the market for avocados. Having surged to record highs in 2017, wholesale prices for many grades of avocado are now falling quickly. It...

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Markets In Action: Price Volatility in the Market for Avocados

A production possibility frontier (PPF) illustrates the combinations of output of two products that a country can supply using all of their available factor inputs in an efficient way. One...

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PPF Outward Shift - Theme 1 Micro

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AQA A Level Economics Revision Flashcards - Markets and Market Failure

  • SKU: 02-4130-30071-03
  • Printed Edition

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For most countries, the production possibility frontier (PPF) will shift outwards over time reflecting an increase in potential output of goods and services. But for others, there are risks that...

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PPF Inward Shift - Theme 1 Micro

Here is a suggested answer to this question: "To what extent do consumers always benefit from businesses experiencing economies of scale?

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Economies of Scale and Consumer Welfare
00:6:26

Here is a suggested answer to this question: "Analyse and evaluate the causes of and significance of economies of scale for the profitability of businesses such as Netflix, Amazon and...

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Economies of Scale and Profits

In this revision video we will be exploring some of the arguments about whether rising property prices are (on balance) positive or negative for the health of the UK economy....

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Benefits and Drawbacks of Rising House Prices
00:18:39

Here is a recording of our April 2018 revision webinar evaluating the use of quantitative easing in the UK economy. QE now totals £445 billion of assets, £435 billion of which are government...

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Quantitative Easing (Evaluating QE in the UK Economy)
00:3:11

A short revision video on the importance of infrastructure spending for both aggregate demand and long run aggregate supply. Economic growth places rising demand on a country's infrastructure assets and...

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Economic Importance of Infrastructure
00:4:26

The pursuit of individual self-interest is often not good for social efficiency leading to the long term depletion of resource. This short revision video looks an an example of the...

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What is the Tragedy of the Commons?

This revision video takes students through a worked example of comparative advantage and the potential gains from specialisation and trade at a mutually beneficial terms of trade between two countries.

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Comparative Advantage and Gains from Trade
Student videos

Quasi Public Goods

00:2:43

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
00:9:33

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
00:4:55

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
Student videos

Direct and Indirect Taxes

00:4:57

This short topic video looks at the difference between direct and indirect taxes

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Direct and Indirect Taxes
Student videos

Utility Maximisation

00:5:5

With a single product, total utility is maximised when the marginal utility from the next unit consumed is zero (assuming that the budget of the consumer allows this point to...

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Utility Maximisation

Here are the slides and videos from our revision webinar covering some synoptic aspects of Brexit relevant to A level economics students. In particular there is a focus on synoptic...

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Economics of Brexit (Revision Webinar)
Student videos

The Budget Line

00:5:8

A budget line shows the combinations of two products that a consumer can afford to buy with a given income – using all of their available budget.

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The Budget Line
00:6:9

This short revision video looks at aspects of dynamic efficiency in markets.

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What is Dynamic Efficiency?

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