A level. Microeconomics

In our AS section on Microeconomics, we focused on the demand and supply model, the important notion of market equilibrium and the role that price plays in resource allocation to tackle the economic problem.

In our A-level section on microeconomics, we first introduce the idea of marginal utility (also considering budget lines, indifference curves, and behavioural economics). We then look closer at some of the different types of firms that exist and how the costs and revenue streams through which they make profit.

We then widen our gaze to look at the different types of market that can exist and end by looking at how this can influence the pricing strategies that firms adopt.

%d bloggers like this: