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1.2.1 Rational decision making
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What is rational decision making?

What is rational decision making?

Rational economic decision making means weighing the costs and benefits of each available option and choosing the option that best achieves one clear objective. Rationality means consistently pursuing that objective using the information available.

1.2.1 Rational decision making Lesson

  1. A Level
  2. /Economics
  3. /1.2.1 Rational decision making

Step-by-step lessons covering Edexcel A A Level Economics 1.2.1 Rational decision making 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.