Economics 4EC1/01R November 2020
omer uner
1. Market Structures and Costs: Identifying economic sectors, calculating total revenue, and understanding internal economies of scale.
2. Supply and Demand Dynamics: Impact of price changes on equilibrium, shifts in demand and supply curves, and effects of birth rate changes on markets.
3. Government Policies and Economic Effects: Role of taxation and subsidies, addressing negative externalities, and assessing public sector investment benefits.
4. Production and Costs: Calculation of fixed and variable costs, total cost analysis, and the impact of economies of scale on firms.
5. Labour Market and Business Decisions: Effects of retirement age changes, analysing business takeovers, and evaluating small firm advantages.
6. Market Failures and Interventions: Consequences of collusion, price-fixing cases, and effects of infrastructure investment on economic growth.
See More Paper 1 10 months ago
Economics (4EC1) Subject directory
All resources in one place
Related Past Papers
Related Tutorials
Crash report