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Introduction to Markets and Market Failure Lessons (Theme 1) - A Level Economics

**20** Comprehensive lessons covering **Introduction to Markets and Market Failure (Theme 1)** within the A level Economics course. This resource is designed for the Edexcel specification, however, the content covered in this resource is suitable for other exam boards too. This resource bundle includes **presentations** (PowerPoint) and corresponding **worksheets** (Word) covering each of the 4 topics within Theme 1. **Each worksheet includes a set of model answers** **This resource teaches the following in detail:** -Introduction to Economics -The Economic Problem -Production Possibility Frontiers -Specialisation and the Division of Labour -Free Market Economies, Mixed Economy and Command Economy -Rational Decision Making -Demand -Price, Income and Cross Elasticities of Demand -Supply & Elasticity of Supply -Price Determination -Price Mechanism -Consumer and Producer Surplus -Indirect Taxes and Subsidies -Alternative Views of Consumer Behaviour -Types of Market Failure -Externalities -Public Goods -Information Gaps -Government Intervention in Markets -Government Failure **Click on the links below to check out some of our FREE resources:** ***Free Worksheets:*** [Introduction to Economics Worksheet](/teaching-resource/resource-12665903) [The Economic Problem Worksheet](/teaching-resource/resource-12665900) [Production Possibility Frontiers Worksheet](/teaching-resource/resource-12665901) [Specialisation & the Division of Labour Worksheet](/teaching-resource/resource-12665902) [Types of Economy Worksheet](/teaching-resource/resource-12665904) [Price Determination Worksheet](/teaching-resource/price-determination-worksheet-a-level-economics-12666009) [National Income Worksheet](/teaching-resource/resource-12665908) ***Free Lessons:*** [Introduction to Economics Lesson](/teaching-resource/introduction-to-economics-a-level-economics-12555539) [The Economic Problem Lesson](/teaching-resource/resource-12666020) [Production Possibility Frontiers Lesson](/teaching-resource/resource-12666026) [Specialisation & the Division of Labour Lesson](/teaching-resource/resource-12666028) [Types of Economy Lesson](/teaching-resource/resource-12666029) [Price Determination Lesson](/teaching-resource/resource-12621482) [National Income Lesson](/teaching-resource/resource-12621376) *We appreciate your feedback! If you found this resource helpful, please leave a review — it helps us continue creating high-quality materials. For questions, contact resourcifyeducation@gmail.com*