Book excerpt: This new edition Student Guide has been fully updated for 2019 and covers Theme 1 Introduction to markets and market failure A-level Paper 1 Markets and business behaviour, and A-level Paper 3 Microeconomics and Macroeconomics will both draw on topics from Theme 1. With clear topic summaries of content needed for the exams, knowledge-check questions and samples of exam-style questions and answers throughout, this guide will help you prepare for exams with confidence. -Identify key content for the exams with our concise summary of topics -Find out what examiners are looking for with our Questions and Answers section -Test their knowledge with rapid-fire questions and answers -Avoid common pitfalls with clear definitions and exam tips throughout -Reinforce learning with bullet-list summaries at the end of each section