Individuals, firms, markets and market failure exam tips

Exam tips

• The market mechanism, market failure and government intervention in markets Economics exam tip 1

  Start with a precise AO1 definition of government intervention, then apply it to the market, policy or data context before analysing. Apply this to explain AQA section 3.1.8.3 Public goods, private goods and quasi-public goods..

  This keeps AO1, AO2, AO3 and AO4 separate and prevents unsupported evaluation or generic Business-style wording.

• The market mechanism, market failure and government intervention in markets Economics exam tip 1

  Start with a precise AO1 definition of government intervention, then apply it to the market, policy or data context before analysing. Apply this to explain AQA section 3.1.8.5 Merit and demerit goods..

  This keeps AO1, AO2, AO3 and AO4 separate and prevents unsupported evaluation or generic Business-style wording.

• The market mechanism, market failure and government intervention in markets Economics exam tip 1

  Start with a precise AO1 definition of government intervention, then apply it to the market, policy or data context before analysing. Apply this to explain AQA section 3.1.8.6 Market imperfections..

  This keeps AO1, AO2, AO3 and AO4 separate and prevents unsupported evaluation or generic Business-style wording.

• The market mechanism, market failure and government intervention in markets Economics exam tip 1

  Start with a precise AO1 definition of government intervention, then apply it to the market, policy or data context before analysing. Apply this to explain AQA section 3.1.8.8 Public ownership, privatisation, regulation and deregulation of markets..

  This keeps AO1, AO2, AO3 and AO4 separate and prevents unsupported evaluation or generic Business-style wording.