Unit 1: The market system
Notes
- What is Economics?
- Economic Issues
Production Possibility Curve- Jam today or more jam tomorrow?
- Keywords
- Keywords Answers
- Data Response Question
- Factors affecting demand for TFT Monitors
- Production of consumer goods vs. capital goods
- Cod and Salmon
- The interdependence of markets
- The law of diminishing returns: On the farm
- Economies of scale
- The objectives of firms
- Fish and chip shops
Past paper answers
- June 2001 "Townley Regional Health Authority" Worked answers
- January 2003 "Poverty and riches in a cup of coffee" Worked answers
- June 2003 "UK takes to the air"