Information and Rational Choice
Information and Rational Choice
The rational model assumes economic agents have full and accurate information. In reality, consumers, workers and firms often make decisions using information that is incomplete, inaccurate or difficult to understand.
Step-by-step lessons covering AQA A Level Economics 1.2.2 Imperfect information for A Level Economics. Each lesson works through exam-style questions in Paper 1, Paper 2 and Paper 3 format. Start with the core supply-and-demand models before moving on to the more evaluation-heavy macroeconomic policy topics.