Specialisation & the Division of Labour - A Level Economics

Introduction to Markets and Market Failure Lessons (Theme 1) - A Level Economics

**20** Comprehensive lessons covering **Introduction to Markets and Market Failure (Theme 1)** within the A level Economics course. This resource is designed for the Edexcel specification, however, the content covered in this resource is suitable for other exam boards too. This resource bundle includes **presentations** (PowerPoint) and corresponding **worksheets** (Word) covering each of the 4 topics within Theme 1. **Each worksheet includes a set of model answers** **This resource teaches the following in detail:** -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 **Click on the links below to check out some of our FREE resources:** ***Free Worksheet:*** [National Income Worksheet](https://www.tes.com/teaching-resource/resource-12665908) ***Free Lesson:*** [National Income Lesson](https://www.tes.com/teaching-resource/resource-12621376)