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Economics
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Economics A-Level: Key A2 Microeconomics diagrams

Economics A-Level: Key A2 Microeconomics diagrams Show how public goods cause market failure/ Show how negative externalities in consumption (e.g. cigarettes) cause market failure/ Show how a rise in productivity due to better training affects employment and productivity levels in a labour market/ Draw a diagram(s) to explain why doctors are paid more than hospital workers/ Draw a diagram to show how the minimum wage affects wages and employment/ Show how cash benefits can reduce income inequality/ Draw a diagram to show the impact of a monopsony employer on wages and employment / Law of diminishing marginal returns/ Marginal and average product/ Total product/ Short run total cost curves exercise/ Short run cost curves exercise/ Short run shut down condition/ Long run average cost (LRAC) curve/ Long run average cost (LRAC) curve/ The relationship between the short run average cost curve and the long run average cost curve/ Revenues – perfect competition/ Revenues – imperfect competition/ Technological change improving consumer surplus/ Technological change and market structure/ Technological change and market structure/ A perfectly competitive market/ A perfectly competitive market for apples/ A perfectly competitive market for apples/ A Monopoly firm/ Monopoly vs. PC market/ Monopoly and x-efficiency/ Monopoly and Economies of Scale/ Natural monopoly/ First degree (perfect) price discrimination/ Second degree price discrimination - Peak and Off Peak Pricing/ Third Degree Price Discrimination/ Monopoly/ Alternative objectives/public vs private ownership/ Some effects of regulation on competition/ Oligopolistic firm – the kinked demand curve theory/ Collusive Oligopoly/ Contestable markets: the impact of making markets more contestable/ Normal Profit Contrasted with Profit Maximisation/ (Entry) Limit Pricing

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