Year 12 Microeconomics: The operation of markets and market failure end of topic tests

Updated 09/03/2018 to include test on the Economic methodology and the economic problem topic

End of topic tests for year 12 Microeconomics. Includes mark schemes, mailmerged feedback sheets and spreadsheet.

Topics are:
Economic methodology and the economic problem
Competitive markets
Production, costs and revenue
Competitive and concentrated markets
Market mechanism, market failure and government intervention

Economic methodology and the economic problem test consists of forty-five multiple choice questions.

The Competitive markets, Production, costs and revenue, Competitive and concentrated markets and Market mechanism, market failure and government intervention tests eacg consists of 10 MCQs, one 2 mark calulcate question, one 4 mark explain how the data shows question and one 9 mark ‘With the help of a diagram, explain…’ question.