The Operation of Markets and Market Failure (Unit 1)
The Operation of Markets and Market Failure looks at microeconomic topics that define how our economy works. In addition to the topics covered here, students should find real world examples to back up their points and apply the technical concepts to.
The Revision Booklet covers:
- The Basic Economic Problem
- Production Possibility Curve
- Competitive Markets
- Market Failure
- Government Intervention
The 28 page booklet is available to PDF form to download instantly.
(Example Page: The Basic Economic Problem)