Topics
Economic Efficiency
In economics, economic efficiency refers to the optimal use of scarce resources to produce goods and services in a way that maximises total social welfare. An economy is considered economically efficient if it can produce the maximum possible output with the given inputs (resources like labor, capital, and land) or if it produces a desired level of output at the lowest possible cost.
-
Trump’s Tariff Gambit: Economic Fallout from a New Trade War
1st February 2025
-
Search and Destroy? How Google’s Monopoly Faces a Legal Overhaul
21st November 2024
-
In the News Teaching Activity: Division of Labour in Modern Times (Sept 2023)
18th September 2023
-
3.4.1 Efficiency (Edexcel)
Study Notes
-
3.4.1 Economic Efficiency (Edexcel A-Level Economics Teaching PowerPoint)
Teaching PowerPoints
-
4.1.5.10 Static and Dynamic Efficiency (AQA A Level Economics Teaching Powerpoint)
Teaching PowerPoints
-
External Economies of Scale
Study Notes
-
Market Structures and Economic Efficiency
Topic Videos
-
Economic Efficiency (Revision Quizlet Activity)
Quizzes & Activities
-
Profits and Economic Efficiency Explained
Topic Videos
-
Business Objectives in Economics (Online Lesson)
Online Lessons
-
Essential Revision - Market Structures
Topic Videos
-
Do mergers and takeovers raise prices rather than efficiency?
30th October 2016
-
Price Mechanism (Revision Presentation)
Teaching PowerPoints
-
Innovation and Invention in Markets
Study Notes
-
Economic Efficiency Revision Quiz
Quizzes & Activities
-
Supply-side Economic Policies (Revision Presentation)
Teaching PowerPoints
-
Economic Efficiency Revision Quiz
Quizzes & Activities
-
Privatisation of the Royal Mail
Study Notes
-
X-Inefficiency
Study Notes
-
Monopolistic Competition
Teaching PowerPoints
-
Perfect Competition
Teaching PowerPoints
-
Price Discrimination, Welfare and Efficiency Exam Answer
Practice Exam Questions
-
Perfect Competition and Economic Efficiency
Topic Videos
-
Monopoly and Economic Efficiency
Topic Videos
-
Market Structures and Economic Efficiency
Topic Videos
-
Trade and Economic Efficiency
Topic Videos
-
Unit 3 Micro Answer Plan - Takeovers and Efficiency
Exam Support
-
Efficiency in Market Structures
Topic Videos
-
Do takeovers improve economic efficiency?
Study Notes
-
Production Possibility Frontier
Topic Videos
-
Economic Efficiency - Revision Playlist
Topic Videos
-
Perfect Competition (Online Lesson)
Online Lessons
-
Advantages and Disadvantages of Monopoly Power
Topic Videos
-
A* Evaluation on Business Conduct and Efficiency
Topic Videos
-
Theory of the Firm – Key Conditions and Formulae
Topic Videos
-
Natural Monopoly (Evaluation Skills Video)
Topic Videos
-
Explaining Natural Monopoly
Study Notes
-
Economics of Rail Nationalisation
Study Notes
-
Production Possibility Frontier
Study Notes
-
Google fined €4.3bn for reducing consumer choice
19th July 2018
-
Understanding Imperfect Competition
Topic Videos
-
Economic Efficiency
Teaching PowerPoints
-
Policies to Improve Labour Productivity
Study Notes
-
Perfect Competition - Economic Efficiency
Study Notes
-
Key Summary on Market Structures
Study Notes
-
Business Objectives and Economic Efficiency (Quizlet Activity)
Quizzes & Activities
-
Congestion in UK cities - 'Ranking Activity'
6th February 2018
-
Contestable Markets (Micro and macro impact and evaluation)
Practice Exam Questions
-
Deadweight Loss of Economic Welfare Explained
Topic Videos
-
Negative externalities: The growing mountain of electronic waste
26th December 2017
-
Are ticket touts economically efficient?
31st October 2017
-
Market Structures in the Long Run
Topic Videos
-
Efficiency and Collecting Panini Football Stickers
2nd June 2016
-
EU Blocks Takeover of O2 by Hutchinson
12th May 2016
-
Ducts, Poles and Increasing Contestability
2nd May 2016
-
Banking contestability - more consumers are switching
20th April 2016
-
Does taxing people's rubbish work?
21st March 2016
-
Beyond the Bike lesson resource - analysing the impact of Uber
22nd January 2016
-
Productive Efficiency: How Amazon gets packages to you
3rd December 2015
-
UK Productivity Gap Widens
20th October 2014
-
The Economic Efficiency of Roundabouts
20th September 2015
-
UK Steelmakers seek government help
24th September 2015