AQA A Level · 7136 · Paper 1: Markets and market failure
4.1.2.3 Aspects of Behavioural Economic Theory
A-level only
Everything you need for questions on behavioural economic theory, in the words examiners reward. An interactive seven-step lesson goes with it.
What's on this sheet
- The rational model, and its critics
- Defaults and habits
- Three reasons consumers may not be rational
- Calculations: test the deal
- Classic question: does behavioural economics make standard theory useless?
- The biases AQA names
- Side 2: practice tasks, where the marks go, and exam-style questions
- Separate answer key
The lesson in seven steps
- Supermarket sprint
- The busy restaurant
- Others, habit or computation?
- Test-the-deal trainer
- How irrational are we?
- Build the chain
- Exam practice
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