Edexcel International A Level · Economics (XEC11-YEC11)

Markets in Action

Pick a sub-topic to take its AI-marked quiz — instant marking, examiner-style feedback, and a report on exactly what to revise next.

25 sub-topic quizzes

1 Introductory Concepts 🎯 2 Positive and Normative Economics - (Introductory concepts) 🎯 3 Scarcity - (Introductory concepts) 🎯 4 Production Possibility Frontiers - (Introductory concepts) 🎯 5 Specialization, The role of Money and Financial Markets - (Introductory concepts) 🎯 6 Free Market, Mixed and Command Economies - (Introductory concepts) 🎯 7 Rational Decision Making -(Consumer Behavior, Demand and Supply) 🎯 8 The Demand Curve - (Consumer Behavior, Demand and Supply) 🎯 9 Price, Income and Cross-Elasticities of Demand -(Consumer Behavior, Demand and Supply) 🎯 10 The Supply Curve - (Supply) 🎯 11 Price Elasticity of Supply - (Supply) 🎯 12 Determination of market Equilibrium - Price determination 🎯 13 Consumer and producer surplus - Price determination 🎯 14 Functions of the price mechanism - Price determination 🎯 15 Indirect taxes and subsidies - Price determination 🎯 16 Sources of Market Failure - Market Failure 🎯 17 Positive and Negative Externalities - Market Failure 🎯 18 Non-provision of public goods - Market Failure 🎯 19 Imperfect market information - Market Failure 🎯 20 Moral Hazards & Speculation and Market Bubbles - Market Failure 🎯 21 Purpose and methods of Government intervention -Government Intervention in Markets 🎯 22 Government Failure -Government Intervention in Markets 🎯 23 Possible Conflicts Between Macroeconomics Objectives -Macroeconomic Objectives and Policies 🎯 24 Macro-economic supply side policies -Macroeconomic Objectives and Policies 🎯 25 Macroeconomic demand side policies -Macroeconomic Objectives and Policies 🎯

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