Micro Essays Housing Home ownership has become increasingly difficult to access, particularly for first-time buyers, as house price growth has outstripped growth in wages. Median house prices in England are now 7.7 times higher than median earnings. In London, the ratio can be considerably higher: in Chelsea & Fulham, it is 24.8. Assess the policies … Continue reading A Level Micro/Macro 25 Mark Essays
Markets and the price mechanism Students need to know clear distinction between renewable and non-renewable resources. Plus the key roles of the state in a mixed economy Functions of the price mechanism (signalling, incentive, rationing functions) often the basis for a question Externalities and market failure Students only need to know 2 out of 4 … Continue reading Ten Feedback Points Based on the Edexcel Economics Specification.