Edexcel AS Economics A 8EC0 · 1.2.8

Consumer and producer surplus

Code: 1.2.8
In: 1.2 How markets work
Topic: 1 Introduction to markets and market failure
Course: AS Economics A 8EC0
Board: Edexcel

Codes and titles are read by a script from Edexcel's published specification and have not been checked by a person. What each point covers is in the specification itself: Edexcel’s specification.

Points under 1.2.8

1.2.8a The distinction between consumer and producer surplus
1.2.8b Supply and demand diagrams for consumer and producer surplus
1.2.8c How changes in supply and demand might affect consumer and producer surplus

Points in 1.2 How markets work

1.2.1 Rational decision making
1.2.2 Demand
1.2.3 Price, income and cross elasticities of demand
1.2.4 Supply
1.2.5 Elasticity of supply
1.2.6 Price determination
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