Making Markets Work

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This book has been written specifically for Theme 4 of Edexcel's new Economics B syllabus for A Level Year 2 commencing in September 2016. The authors are Nancy Wall who is a former Editor of "Teaching Business and Economics" and works in curriculum development and Brian Ellis, a former Chief Examiner for Edexcel's A Level Economics and Business Course and Chair of Examiners. This book is in full colour and runs to 120 pages and includes many case studies, exam style questions and an index of key terms. The full contents of the book Spectrum of competition Barriers to entry Oligopoly Business objectives and pricing decisions Productive and allocative efficiency Market failure Business regulation Arguments for and against regulation Market failure in society Externalities Policies to deal with market failure The AD/AS model Demand-side policies Supply-side policies The impact of macroeconomic policies Risks and uncertainty The role of the financial sector The role of the central bank The Global Financial Crisis Index