Edexcel IAL Economics Unit 1 Cheat Sheet | Markets in Action
A clear, six-page revision resource for Pearson Edexcel International A Level Economics Unit 1 (WEC11).
Includes concise explanations, labelled diagrams, essential formulae and worked calculations covering:
- Scarcity, opportunity cost and production possibility frontiers.
- Demand, supply, equilibrium and the price mechanism.
- Consumer and producer surplus.
- Price, income, cross and supply elasticities.
- Market failure, externalities and public goods.
- Taxes, subsidies, price controls and government intervention.
Exam support includes suggested timings, calculation reminders and model analysis and evaluation paragraphs to help students develop clear, structured answers.
Suitable for classroom revision, independent study, tutoring and examination preparation.
Format: six-page printable PDF with Palmer Grove branding.
Independent resource; not endorsed by Pearson.
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