Theme 1 Edexcel A Economics A Level Resources

These resources are created by Tom Furber, an A-Level Economics tutor.

Below you can find content notes, practice questions, model answers and more for theme 1 specifically.

Video

Content walkthrough for Theme 1 Edexcel Economics A | Revision video

Practice questions, model answers and diagrams

Practice question for section B, theme 1 only [fossil fuels]

25 marker model answer Edexcel Economics A style [government intervention]

15 marker model answer Edexcel Economics A style [tradable pollution permits]

8 marker model answer Edexcel Economics A style [externalities in coal]

Model answers to the 2024 Paper 1 exam [theme 1 and theme 3]

All key Edexcel Economics A micro diagrams [theme 1 and theme 3]

Detailed notes by topic

Below are my notes for theme 1, designed for students aiming for A/A* grades. If you would like to improve your understanding and exam technique for theme 1, please check out my A-Level Economics tutoring.

1.1.1, 1.1.2 and 1.1.3 Economic models, statements and problem

1.1.4 Production possibility frontiers

1.1.5 Specialisation and the division of labour

1.1.6 Free market, mixed and command economies

1.2.2 Demand

1.2.3 Price, income and cross-elasticities of demand

1.2.4 and 1.2.5 Supply and the price elasticity of supply

1.2.7 Price mechanism

1.2.8 Consumer and producer surplus

1.2.9 Indirect taxes and subsidies

1.2.10 Alternative views of consumer behaviour

1.3.1 and 1.3.2 Market failure and externalities

1.3.3 Public goods

1.3.4 Information gaps

1.4.1 Government intervention part 1 (taxes, subsidies, price controls)

1.4.1 Government intervention part 2 (tradable pollution permits, state provision, regulation and information provision)

1.4.2 Government failure