This is the unit 3 of Cambridge A Level Economics Syllabus (Government microeconomic intervention)
AS Level topics:
- Maximum and minimum prices
- Taxes (direct and indirect)
- Subsidies
- Transfer payments
- Direct provision of goods and services
- Nationalisation and privatisation
Additional A Level topics:
- Policies to achieve efficient resource allocation and correct market failure
- Equity and policies towards income and wealth redistribution
- Labour market forces and government intervention:
- Government failure in microeconomic intervention