OCR • Economics

Evaluate the advantages and disadvantages of an oligopoly

Evaluate the consequences of monopolistic comp Evaluate whether consumers benefit fro an industry moving from being an oligopoly to monopolistic competition

Evaluate the effectiveness of public goods and whether it shoul be provided by the state

Evaluate the significance of information failure and merit good Evaluate whether cigarettes are a demerit good Evaluate the effectiveness of info provision to correct info failure

Evaluate the usefulness/ significance of PED/YED/XED/PES

Evaluate the effect o an increase in energy price on the producer surplus on energy supply firms Evaluate the impact of a price ceiling may have on the levels of so summer surplus in a market Evaluate the consequences on consumer and producer surplus as a result of a fall in prices

Essay plans Evaluate whether the free market system is the most effective Evaluate the effectiveness of incentives in the behaviour of economic agents

evaluate how the problem of scarcity can be used to explain the requirement to make choices between economic and free goods

Economics is the study of scarcity and its implications I will help you in this. Everything about economics is here.

This document gives an introduction to macroeconomics in a level economics and studies the AD/AS model that is commonly used throughout the course.