AQA Microeconomics Practice Questions

Free exam-style multiple-choice questions covering individuals, firms, markets and market failure, written to the style and difficulty of the real AQA papers. Every question carries a full worked answer. Click any unit to expand its topics.

Available Topics

Click any unit below to see its topics · 401 questions across 54 topics, free and with no sign-up.

• 1.1 Economic Methodology and the Economic Problem

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  Positive vs normative, economic models, assumptions · 30 questions

  • 1.1.1 Economic Methodology 6 questions
  • 1.1.2 The Purpose of Economic Activity 5 questions
  • 1.1.3 Economic Resources 5 questions
  • 1.1.4 Scarcity, Choice and Opportunity Cost 6 questions
  • 1.1.5 Production Possibility Diagrams 8 questions

• 1.2 Individual Economic Decision Making

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  Rationality, behavioural economics, demand theory · 27 questions

  • 1.2.1 Consumer Behaviour 7 questions
  • 1.2.2 Imperfect Information 6 questions
  • 1.2.3 Behavioural Economic Theory 8 questions
  • 1.2.4 Behavioural Economics and Policy 6 questions

• 1.3 Price Determination in a Competitive Market

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  Demand, supply, equilibrium, elasticities · 47 questions

  • 1.3.1 Determinants of Demand 7 questions
  • 1.3.2 Elasticities of Demand 10 questions
  • 1.3.3 Determinants of Supply 6 questions
  • 1.3.4 Price Elasticity of Supply 8 questions
  • 1.3.5 Equilibrium Market Prices 9 questions
  • 1.3.6 Interrelationship between Markets 7 questions

• 1.4 Production, Costs and Revenue

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  Costs, revenues, economies of scale, efficiency · 62 questions

  • 1.4.1 Production and Productivity 7 questions
  • 1.4.2 Specialisation and Division of Labour 6 questions
  • 1.4.3 Diminishing Returns and Returns to Scale 9 questions
  • 1.4.4 Costs of Production 10 questions
  • 1.4.5 Economies and Diseconomies of Scale 8 questions
  • 1.4.6 Marginal, Average and Total Revenue 9 questions
  • 1.4.7 Profit 8 questions
  • 1.4.8 Technological Change 5 questions

• 1.5 Perfect Competition, Imperfectly Competitive Markets and Monopoly

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  Perfect competition, monopoly, oligopoly, contestability · 86 questions

  • 1.5.1 Market Structures 7 questions
  • 1.5.2 The Objectives of Firms 7 questions
  • 1.5.3 Perfect Competition 9 questions
  • 1.5.4 Monopolistic Competition 7 questions
  • 1.5.5 Oligopoly 9 questions
  • 1.5.6 Monopoly and Monopoly Power 9 questions
  • 1.5.7 Price Discrimination 8 questions
  • 1.5.8 The Dynamics of Competition 6 questions
  • 1.5.9 Contestable Markets 8 questions
  • 1.5.10 Market Structure and Efficiency 8 questions
  • 1.5.11 Consumer and Producer Surplus 8 questions

• 1.6 Labour Market

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  Demand, supply, wage determination, discrimination · 53 questions

  • 1.6.1 The Demand for Labour 9 questions
  • 1.6.2 The Supply of Labour 7 questions
  • 1.6.3 Wages in Competitive Labour Markets 8 questions
  • 1.6.4 Wages in Imperfect Labour Markets 8 questions
  • 1.6.5 Trade Unions 7 questions
  • 1.6.6 The National Minimum Wage 8 questions
  • 1.6.7 Labour Market Discrimination 6 questions

• 1.7 The Distribution of Income and Wealth: Poverty and Inequality

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  Regulation, competition policy, public ownership · 22 questions

  • 1.7.1 Distribution of Income and Wealth 8 questions
  • 1.7.2 The Problem of Poverty 7 questions
  • 1.7.3 Policies on Poverty and Inequality 7 questions

• 1.8 The Market Mechanism, Market Failure and Government Intervention in Markets

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  Regulation, competition policy, public ownership · 74 questions

  • 1.8.1 The Price Mechanism 7 questions
  • 1.8.2 The Meaning of Market Failure 6 questions
  • 1.8.3 Public and Private Goods 8 questions
  • 1.8.4 Externalities 10 questions
  • 1.8.5 Merit and Demerit Goods 7 questions
  • 1.8.6 Market Imperfections 6 questions
  • 1.8.7 Competition Policy 7 questions
  • 1.8.8 Privatisation and Regulation 7 questions
  • 1.8.9 Government Intervention 9 questions
  • 1.8.10 Government Failure 7 questions

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