Simplify your students' Economics revision with a Market Failure Knowledge Organiser and Self-Quizzing Sheet. Thispacks provide essential knowledge for A-Level Economics revision in a condensed, easy-to-understand format.
Offering a one-page distillation of critical A-Level Economics concepts, knowledge organisers are an invaluable tool for students. This package includes a PDF knowledge organiser, along with a second copy with key points omitted, allowing students to test their memory.
The knowledge organisers in this series have been optimised for AQA Economics A-Level, but should also be useful for students following Eduqas, OCR, and Edexcel Economics A-Levels. This product was developed in response to high demand following the popular Year 1 Macro Knowledge Organisers.
Topics Covered:
Complete vs partial market failure
Public goods (including quasi public goods)
Externalities
Merit and Demerit Goods (please note this uses the AQA definition of public goods, if teaching Edexcel, you'll need to explain that the definition is disputed)
Other market imperfections, including information failures, monopoly power and factor immobility
Useful for:
Revision Lessons: Move through a whole topic in one go with concise revision notes
Independent Revision: Particularly helpful for students who can be a little overconfident with their revision, as it shows where there are gaps
Reference: A single source of key economic principles, a handy alternative to heavy textbooks or needing all of their notes since the start of the course
Topic Overview: Provides a high-level, useful at the start of a topic to show where learning is going
Lesson Starters: Printing off a self-quizzing sheet works well as a retrieval starter
Posters: Students can blu-tac an A3 knowledge organiser somewhere prominent to look at regularly
This resource is also included in the Year 1 Micro Knowledge Organiser Bundle. Purchasing the bundle saves you money and includes a booklet of all knowledge organisers and a booklet of self quizzing sheets.
You may also like:
Year 1 Macroeconomics Knowledge Organisers and Self Quizzing Sheets
Year 2 Economics Knowledge Organisers (Coming Soon)
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