Introduction to Markets & Market Failure Worksheets (Theme 1) - A Level Economics

20 A Level Economics worksheets containing questions for the entirety of Theme 1 - Introduction to Markets and Market Failure

Each worksheet includes a set of model answers

This is tailored for the Edexcel specification, however, the versatile nature of this resource makes it suitable for other exam boards too.

Worksheets included:
-Introduction to Economics
-The Economic Problem
-Production Possibility Frontiers
-Specialisation and the Division of Labour
-Free Market Economies, Mixed Economy and Command Economy
-Rational Decision Making
-Demand
-Price, Income and Cross Elasticities of Demand
-Supply & Elasticity of Supply
-Price Determination
-Price Mechanism
-Consumer and Producer Surplus
-Indirect Taxes and Subsidies
-Alternative Views of Consumer Behaviour
-Types of Market Failure
-Externalities
-Public Goods
-Information Gaps
-Government Intervention in Markets
-Government Failure

This resource is designed to help students apply their knowledge to questions. This active revision technique ensures that the worksheet will be very useful for students, and will act as a vital revision tool.

Click on the links below to check out some of our FREE resources:

Free Worksheet:

National Income Worksheet

Free Lessons:

Introduction to Economics Lesson
The Economic Problem Lesson
Production Possibility Frontiers Lesson
Specialisation & the Division of Labour Lesson
Types of Economy Lesson
Price Determination Lesson
National Income Lesson

We appreciate your feedback! If you found this resource helpful, please leave a review — it helps us continue creating high-quality materials. For questions, contact resourcifyeducation@gmail.com