Economics A-Level
Economic models
What Economic models means in Economics A-Level, as defined for AQA.
Definition of Economic models
Check what you remember
Read the wording for your board, then hide it and explain Economic models in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
Explanations of firm behaviour such as the kinked demand curve, game theory, price leadership and collusive oligopoly.
Topics that use Economic models
- Oligopoly (AQA A-Level)
Related terms
- Barriers to entry
- Cartel
- Cartels
- Collusion
- Concentration ratio
- Concentration ratios
- Cooperation
- Dynamic efficiency
Using Economic models in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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