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Y12 Prep and Reflection

Prep

Notes, Key Diagrams and terms.

1. MACRO: (skip ‘other graphs’) Aggregate Demand: https://www.youtube.com/watch?


v=UnaQjVeTP6k
2. MICRO 1: Positive Externalities: https://www.tutor2u.net/economics/reference/key-
diagrams-positive-production-externalities
3. MICRO: Tragedy of the commons: https://www.youtube.com/watch?v=CxC161GvMPc

Response

READ AND COMPLETE QUESTIONS BELOW IN ORANGE BOX.


5) What is total social cost?

6) Fill out table below


Reflection

Read article in the Economist: https://www.economist.com/britain/2023/07/25/londons-latest-


effort-to-clear-bad-air-is-contested-but-necessary

1. How many Londoners die every year from air pollution?


2. Why is there opposition in Uxbridge?
3. What do you think can be done to compensate ‘losers’ from a ULEZ scheme?

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