Information and Resource Allocation
Information and Resource Allocation
Markets allocate resources efficiently only when buyers and sellers have sufficient information. Imperfect information means that people do not have all the facts they need, so they may make choices that do not maximise welfare.
Step-by-step lessons covering AQA A Level Economics 1.8.6 Market imperfections 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.