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Economics Notes

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AQA/Cambridge

Exam Board

A Level/ AS Level/ GCSE

Levels

222

Topics

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Positive and negative externalities of both consumption and production - Analyzing positive and negative externalities in consumption and production.

Deadweight welfare losses arising from positive and negative externalities - Discussing deadweight losses associated with externalities.

Addressing the non-provision of public goods - Discussing government intervention to provide public goods due to market failure.

Addressing the over-consumption of demerit goods and the under-consumption of merit goods - Analyzing government intervention to address over-consumption of demerit goods and under-consumption of merit goods.

Controlling prices in markets - Examining government intervention to control prices in markets.

Impact and incidence of specific indirect taxes - Analyzing the impact and incidence of specific indirect taxes.

Impact and incidence of subsidies - Analyzing the impact and incidence of subsidies.

Direct provision of goods and services - Discussing the government's direct provision of goods and services.

Maximum and minimum prices - Examining the impact of maximum and minimum price controls.

Buffer stock schemes - Analyzing the operation and impact of buffer stock schemes.

Provision of information - Discussing the government's role in providing information to consumers and producers.

Difference between income as a flow concept and wealth as a stock concept - Distinguishing between income and wealth.

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