A LevelEconomicsAQAIndividuals, Firms, Markets & Market Failure

Individuals, Firms, Markets & Market Failure (AQA A Level Economics)

Get ready for your AQA A Level Economics exams with our revision resources. Find everything you need to revise this topic, so you can go into your exam confident and prepared. Teachers and examiners write all our resources, and they’re designed specifically for each exam board. We regularly update them to match the latest syllabus, so you’ll only revise the most accurate, up-to-date information. Explore the collection below to get started.

1. Economic Methodology & the Economic Problem

  1. Economic Methodology
  2. Economic Activity
  3. Economic Resources
  4. Scarcity, Choice & the Allocation of Resources
  5. Production Possibility Diagrams

2. Individual Economic Decision Making

  1. Consumer Behaviour
  2. Imperfect Information
  3. Behavioural Economics
  4. Using Behavioural Economics

3. Price Determination in Competitive Markets

  1. Demand Curves
  2. Demand Curves: Real World Analysis
  3. Supply Curves
  4. Supply Curves: Real World Analysis
  5. The Determination of Market Equilibrium
  6. Analysing Changes to Market Equilibrium
  7. Price Elasticity of Demand (PED)
  8. Income & Cross Elasticities of Demand
  9. Price Elasticity of Supply (PES)
  10. Interrelationships Between Markets

4. Production, Costs & Revenue

  1. Production & Productivity
  2. Specialisation & Division of Labour
  3. Diminishing Returns & Returns to Scale
  4. Costs of Production
  5. Explaining the Shapes of the Cost Curves
  6. Economies & Diseconomies of Scale
  7. Short-run & Long-run Relationships
  8. Marginal, Average &Total Revenue
  9. Profit
  10. Technological Change

5. Perfect & Imperfectly Competitive Markets & Monopolies

  1. Market Structures
  2. The Objectives of Firms
  3. Perfect Competition
  4. Monopolistic Competition
  5. Oligopoly
  6. Oligopoly: Price & Non-Price Competition
  7. Monopoly & Monopoly Power
  8. Price Discrimination
  9. Competition & Competitive Market Processes
  10. Contestable & Non-contestable Markets
  11. Market Structure, Efficiency & Resource Allocation
  12. Consumer & Producer Surplus

6. The Labour Market

  1. Factors Influencing the Demand for Labour
  2. Factors Influencing the Supply of Labour
  3. Determining Wage Rates: Competitive Labour Markets
  4. Determining Wage Rates: Imperfectly Competitive Labour Markets
  5. The Influence of Trade Unions on Wages & Employment
  6. The National Minimum Wage (NMW)
  7. Discrimination in the Labour Market

7. Income & Wealth Distribution

  1. Income & Wealth Distribution
  2. The Lorenz Curve & Gini Coefficient
  3. The Problem of Poverty
  4. Government Policies to Reduce Poverty & Inequity

8. The Market Mechanism, Market Failure & Government Intervention

  1. The Market (Price) Mechanism
  2. An Introduction to Market Failure
  3. Market Failure: Public, Private & Quasi Public Goods
  4. Market Failure: Negative Externalities
  5. Market Failure: Positive Externalities
  6. Market Failure: Tragedy of the Commons
  7. Market Failure: Merit & Demerit Goods
  8. Market Failure: Market Imperfections
  9. Government Intervention: An Introduction
  10. Government Intervention: Indirect Taxation & Subsidies
  11. Government Intervention: Price Controls
  12. Government Intervention: Competition Policy
  13. Government Intervention: Public Ownership Versus Privatisation
  14. Government Intervention: Regulation & Deregulation
  15. Government Intervention: Other Methods
  16. Government Failure

1. Economic Methodology & the Economic Problem

  1. Paper 3 MCQs
  2. Paper 1 - 3 Structured Questions

2. Individual Economic Decision Making

  1. Paper 3 MCQs
  2. Paper 1 - 3 Structured Questions

3. Price Determination in Competitive Markets

  1. Paper 3 MCQs
  2. Paper 1 - 3 Structured Questions

4. Production, Costs & Revenue

  1. Paper 3 MCQs
  2. Paper 1 - 3 Structured Questions

5. Perfect & Imperfectly Competitive Markets & Monopolies

  1. Paper 3 MCQs
  2. Paper 1 - 3 Structured Questions

6. The Labour Market

  1. Paper 3 MCQs
  2. Paper 1 - 3 Structured Questions

7. Income & Wealth Distribution

  1. Paper 3 MCQs
  2. Paper 1 - 3 Structured Questions

8. The Market Mechanism, Market Failure & Government Intervention

  1. Paper 3 MCQs
  2. Paper 1 - 3 Structured Questions
AQA A Level Economics Past Papers