AQA A-level Economics (new spec) 2-15 Competition, Privatisation and Regulation

This is a Powerpoint (and accompanying Notes/Key Terms sheet) that I created for my own teaching of the new (linear) AQA A-level Economics specification (7135). As I was also using the AQA-approved textbook (Powell & Powell, 2016) the two follow a similar route through the material.

Topics covered in this Powerpoint:
4.1.8.7 Competition policy
• The general principles of UK competition policy and some awareness of EU competition policy.
• The costs and benefits of such policies.
• Examples of real-world applications of such policies should provide contexts in which students can evaluate the use of economic models to explore economic behaviour and further develop their appreciation of the behaviour of firms.
• Detailed knowledge of UK and EU competition law is not required.

4.1.8.8 Public ownership, privatisation, regulation and deregulation of markets
• The arguments for and against the public ownership of firms and industries.
• The arguments for and against the privatisation of state-owned enterprises.
• The arguments for and against the regulation of markets.
• The arguments for and against the deregulation of markets.
• The problem of regulatory capture.
• Students should be able to assess the application of such policies in the United Kingdom and be able to evaluate their effects on economic performance