"what are merit goods in economics"

CIE A level economics revision guide

Specific Cambridge International (CIE) A-level economics revision guide (units 1,2,3,4) – just £8.95
Updated for current CIE economics syllabus.
E-book (comes in pdf format shortly after purchase.)
Trademark simplicity and clarity of presentation.
Significantly expanded on previous version, with not just required knowledge, but also examples of evaluation for each topic.
For schools – See: Network License – A-level CIE Economics (£105.00) (allowing unlimited use)

Tips for writing economics essays

Some tips for writing economics essays Includes how to answer the question, including right diagrams and evaluation – primarily designed for A Level students. 1. Understand the question Make sure you understand the essential point of the question. If appropriate, you could try and rephrase the question into a simpler version. For example: Q. Examine the …

Definition and explanation of different types of goods Free good – no opportunity cost Private – Good with opportunity cost, rivalry and excludable Public good – non-rivalry, non-excludable Free Good A free good is a good needed by society but available with no opportunity cost. It is a good without scarcity. For example, air is …

This is an economics revision guide (e-book) designed for A Level. It includes both AS and A2.

If you do a specific exam board, you can choose a specific revision guide:

International

Sent immediately after purchase.

Last updated June 2022.

For schools: Network license – £105.00

Economics of advertising

Advertising is an invasive aspect of modern society. It is hard to look around without coming across advertising. In a way, advertising leads to deadweight welfare loss. The money spent on advertising goods does not increase their quality, nor does it increase the number of goods and services in the economy. However, it does cost …

Economics A-Z

Macroeconomic notes Balance of payments Budget deficit Economic growth Fiscal policy Globalisation Exchange rates European Union The Euro Monetary policy Inequality Inflation International trade Supply side policies Unemployment Microeconomics notes AS Consumer and producer surplus Demand Economies of scale Elasticity Price elasticity of demand Cross elasticity of demand Income elasticity of demand Price elasticity of …

Criticism of Free Market Economics

Free market economics believes government intervention should be limited to the protection of private property. It is advocated by many economists especially in the Chicago, and Austrian school of Economics. However, although free markets have advantages, such as greater efficiency, there are several criticisms levelled at purely free market economies. Criticisms of free-market economics Inequality. …

Economics in One Lesson

It’s the time of the year when many students are getting to start economics for the first time. It can be a little confusing with so many new concepts and words. But, if we had just one lesson, what could we teach about economics? Society wishes to optimise the distribution of resources. Economics considers how …