Sixth-form economics: markets, firms and your money

Economics in the first year and Business Economics in the second share one difficulty: they mix ideas you understand with common sense (if the price goes up, people buy less) with calculations you have to know how to set up, such as the break-even point or a shift in a curve. Exam mistakes are nearly always in the setting up, not the arithmetic.

The market exam revises supply, demand, equilibrium, elasticity and market failures; the break-even exam asks you to calculate it and type the number, as in the real exam, with figures that always give an exact result. And Spicy and the personal finance topic take the same ideas into real life: inflation, compound interest and debt.

What children practise

  • Supply, demand and equilibrium price
  • Elasticity and market types
  • Break-even point
  • Inflation and compound interest

Games · 1

Topics to study

With a summary, examples and a multiple-choice test.

In other years

More sixth form games

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