A-level Economics - Price Discrimination (1st,2nd +3rd degree) + Satisficing (+exam q)

As an experienced economics teacher with over a decade in the classroom, I’ve created this comprehensive resource on Differing Objectives and Policies of Firms. Covering advanced and essential concepts in a clear and engaging way, this resource is designed to save time while delivering impactful lessons. It’s perfect for both new and experienced teachers.

What’s included:

• Traditional profit-maximizing objective: Detailed explanation of firms’ primary goal in theory.
• Understanding alternative objectives: Including survival, profit satisficing, sales maximization, and revenue maximization.
• Price discrimination:
• First, second, and third-degree price discrimination explained with real-world examples + graphs.
• Conditions for effective price discrimination.
• Consequences of price discrimination on firms and consumers.
• Other pricing policies:
• Limit pricing: How firms deter entry by setting low prices.
• Predatory pricing: Strategies to eliminate competition.
• Price leadership: Understanding dominant firm pricing strategies.

Key Features:

• Advanced, accurate content: Aligned with the CIE syllabus to ensure thorough coverage of essential topics.
• Engaging exercises: Thought-provoking activities to reinforce understanding, with full answers provided.
• Exam-style questions: High-quality questions with detailed model answers to prepare students for success.
• Clear graphs and examples: Visual aids to enhance understanding of complex concepts.
• Plug-and-play design: Fully prepared lessons that save hours of planning.

This resource is a complete teaching toolkit, covering everything from firms’ objectives to their pricing strategies. It’s perfect for building a strong understanding of firm behavior while helping students tackle exams with confidence. Accurate, engaging, and comprehensive—this is a must-have for any economics teacher!