A bunch of related Microeconomic topics in one!
- Powerpoint presentation embedded with key microeconomic diagrams and different activities.
- A student worksheet linked to the powerpoint is provided.
Topics covered:
- Diminshing returns
- Link between diminshing returns and average costs
- Costs (Average costs and Marginal costs)
- Costs (Fixed, Variable and Total costs, short term versus long term costs)
- Revenues (Average revenue and Marginal revenue)
- Profit maximisation (MR = MC)
- Growth of Firms (Mergers and Takeovers)
- Efficiencies (Productive, Allocative, X-efficiency, Dynamic efficiency, pareto efficiency)
This resource is linked directly to another resource available to purchase: My Market Structures resource which is a follow on after this resource.
If you like these Economic resources, why not consider my A Level Economic student revision guide which is also great for a topic summary. Its directed at WJEC / Eduqas but suitable for all exam boards.
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