6EC01 - AS Economics - the last 8

DRAFT VERSION

For your last 8 lessons come prepared with revision notes/cards per topic. In each lesson we will go over tricky concepts, model exam answers and test you on an exam question, which you will get feedback in the lesson or next lesson. For each lesson we will look at exam skills, use of the market mechanism and supply and demand diagrams.So make sure you come prepared.

Remaining lessons selected from the following in order of priority:

1. Price Mechanism (provide a step by step account of the changes - use the forces) and Consumer/Producer Surplus (illustrate initial welfare triangles then also show post shifts in demand or supply).
2. Externalities 1 understanding the diagram  - Jan 10 Qu 10 congestion charge, June 11 Q9 NHS
3. Externalities 2 - Tax and Subsidies, permits, govt failure - June 06 Q2 (wind turbines), Gavin DR Q4 Health (free/mixed economy)
4. Different types of goods - complements, substitutes - Elasticities 1 - XED,
5. Elasticities 2 - YED, PES, PED
6. Unstable commodity markets - joint supply (oil), buffer stock - June 11 Qu 7, Jan 12 Qu 7 June 10 Qu 9  June 11 Qu 10
7. Labour Market and Immobility - Jan 2005 Min Wage Q2, Jan 09 Qu 9 (tuition fees)
8. Public Goods

Key exam lesson content
ATQ
use numbers/data - apply
timings
practice
Evaluate
accurate diagrams
14 marks