A-Level Economics · Syllabus 8.1
Government policies to achieve efficient resource allocation and correct market failure
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InteractiveMaximum and Minimum Prices8.1.1 · Price ceilings and floors, shortages and surpluses, black markets and the cost of buying the surplus, with animations, labs and past paper practice.Open →
InteractiveIndirect Taxes, Subsidies and Tradable Permits8.1.1 · Tax incidence, subsidies and cap-and-trade permits, with animated diagrams, labs and past paper practice.Open →
InteractiveRegulation, Public Provision, Privatisation and Nudges8.1.1 · Price caps on natural monopolies, competition policy, state provision, privatisation, nudges, quotas, prohibitions and licences, deregulation and property rights, with animations, labs and past paper practice.Open →
InteractiveGovernment Failure and Choosing the Right Policy8.1.2 · Causes of government failure, which policy fits which market failure, every tool on the syllabus list, and weighing free markets against intervention, with animations, labs and past paper practice.Open →
Extra activities that deepen understanding or give more support. Shown in syllabus order.
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InteractiveExternality Diagrams, Step by Step7.4 · Six animated walk-throughs of cause, problem and solution: negative and positive externalities in production and consumption, with the tax, subsidy, information campaign or permits that restore the socially optimum quantity, plus labs and practice.Open →
InteractiveGovernment Policies and Market Failure: the Whole Chapter on One Page8.1 · Taxes, subsidies, price controls, tradable permits, regulation, state provision, privatisation and nudges, with animated price control and tax diagrams, labs and past paper practice.Open →
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