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Labour Market Essays
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Microeconomics – Individuals, Firms, Markets & Market Failure
Jaisul N. ★ 5.0 (1)
University college london - bsc economics.
Private Tutor with 7 Years Experience supporting A Level & GCSE students in Maths and Economics. UCL Economics Graduate (2.1)
This topic is examined in A-Level Paper 1 for AQA Economics. You can find notes for it below:
- Contextual Analysis
Economic Methodology and the Economic Problem
- a) Economic methodology
- b) The nature and purpose of economic activity
- c) Economic resources
- d) Scarcity, choice and the allocation of resources
- e) Production possibility diagrams
Individual Economic Decision Making
- a) Consumer behaviour
- b) Imperfect information
- c) Aspects of behavioural economic theory
- d) Behavioural economics and economic policy
Price Determination in a Competitive Market
- a) The determinants of the demand for goods and services
- b) Price, income and cross elasticities of demand
- c) The determinants of the supply of goods and services
- d) Price elasticity of supply
- e) The determination of equilibrium market prices
- f) The interrelationship between markets
Production Costs and Revenues
- a) Production and productivity
- b) Specialisation, division of labour and exchange
- c) The law of diminishing returns and returns to scale
- d) Costs of production
- e) Economies and diseconomies of scale
- f) Marginal, average and total revenue
- h) Technological change
Perfect Competition, Imperfectly Competitive Markets and Monopoly
- a) Market structures
- b) The objectives of firms
- c) Perfect competition
- d) Monopolistic competition
- e) Oligopoly
- f) Monopoly and monopoly power
- g) Price discrimination
- h) Dynamics of competition and competitive market processes
- i) Contestable and non-contestable markets
- j) Market structure, static and dynamic efficiency, resource allocation
- k) Consumer and producer surplus
The Labour Market
- a) The demand for labour, marginal productivity theory
- b) Influences upon the supply of labour to different markets
- c) The determination of relative wage rates and levels of employment in perfectly competitive labour markets
- d) The determination of relative wage rates and levels of employment in imperfectly competitive labour markets
- e) The influence of trade unions in determining wages and levels of employment
- f) The national minimum wage
- g) Discrimination in the labour market
Distribution of Income and Wealth, Poverty and Inequality
- a) The distribution of income and wealth
- b) The problem of poverty
- c) Government policies to alleviate poverty and to influence the distribution of income and wealth
Market Mechanism, Market Failure and Government Intervention in Markets
- a) How markets and prices allocate resources
- b) The meaning of market failure
- c) Public goods, private goods and quasi-public goods
- d) Positive and negative externalities in consumption and production
- e) Merit and demerit goods
- f) Market imperfections
- g) Competition policy
- h) Public ownership, privatisation, regulation and deregulation of markets
- i) Government intervention in markets
- j) Government failure
Definitions
- 1. Economic methodology and the economic problem
- 2. Individual economic decision making
- 3. Price determination in a competitive market
- 4. Production costs and revenues
- 5. Perfect competition, imperfectly competitive markets and monopoly
- 6. The labour market
- 7. The distribution of income and wealth
- 8. The market mechanism, market failure and government intervention in markets
Definitions flashcards:
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Edexcel A-Level Economics Past Papers
This section includes recent A-Level Economics and AS Economics past papers from Pearson Edexcel. You can download each of the Pearson Edexcel A-Level Economics past papers and marking schemes by clicking the links below.
Economics A (9EC0): Pearson Edexcel A-Level Past Papers June 2022
Paper 1: A-Level - Markets and Business Behaviour (9EC0/01) Download Past Paper - Download Mark Scheme Paper 2: A-Level - The National and Global Economy (9EC0/02) Download Past Paper - Download Mark Scheme Paper 3: A-Level - Microeconomics and Macroeconomics (9EC0/03) Download Past Paper - Download Mark Scheme
Economics B (9EB0): Pearson Edexcel A-Level Past Papers June 2022
Paper 1: A-Level - Markets and how they Work (9EB0/01) Download Past Paper - Download Mark Scheme Paper 2: A-Level - Competing in the Global Economy (9EB0/02) Download Past Paper - Download Mark Scheme Paper 3: A-Level - The Economic Environment and Business (9EB0/03) Download Past Paper - Download Mark Scheme
Economics A (9EC0): Pearson Edexcel A-Level Past Papers November 2021
Economics B (9EB0): Pearson Edexcel A-Level Past Papers November 2021
Economics A (9EC0): Pearson Edexcel A-Level Past Papers November 2020
Paper 1: A-Level - Markets and Business Behaviour (9EC0/01) Download Past Paper - Download Mark Scheme Paper 2: A-Level - The National and Global Economy (9EC0/02) Download Past Paper - Download Mark Scheme Paper 3: A-Level - Microeconomics and Macroeconomics (9EC0/03) Download Past Paper - Download Mark Scheme
The above papers are labelled June 2020
Economics A (8EC0): Pearson Edexcel AS-Level Past Papers November 2020
Paper 1: AS - Introduction to Markets and Market Failure (8EC0/01) Download Past Paper - Download Mark Scheme Paper 2: AS - The UK Economy - performance and policies (8EC0/02) Download Past Paper - Download Mark Scheme
The above papers are labelled June 2020
Economics B (9EB0): Pearson Edexcel A-Level Past Papers November 2020
Paper 1: A-Level - Markets and how they Work (9EB0/01) Download Past Paper - Download Mark Scheme Paper 2: A-Level - Competing in the Global Economy (9EB0/02) Download Past Paper - Download Mark Scheme Paper 3: A-Level - The Economic Environment and Business (9EB0/03) Download Past Paper - Download Mark Scheme
Economics B (8EB0): Pearson Edexcel AS-Level Past Papers November 2020
Paper 1: AS - Markets, Consumers and Firms (8EB0/01) Download Past Paper - Download Mark Scheme Paper 2: AS - The Wider Economic Environment (8EB0/02) Download Past Paper - Download Mark Scheme
Economics A (9EC0): Pearson Edexcel A-Level Past Papers June 2019
Paper 1: A-Level - Markets and Business Behaviour (9EC0/01) Download Past Paper - Download Mark Scheme Paper 2: A-Level - The National and Global Economy (9EC0/02) Download Past Paper - Download Mark Scheme Paper 3: A-Level - Microeconomics and Macroeconomics (9EC0/03) Download Past Paper - Download Mark Scheme
Economics A (8EC0): Pearson Edexcel AS-Level Past Papers June 2019
Economics B (9EB0): Pearson Edexcel A-Level Past Papers June 2019
Paper 1: A-Level - Markets and how they Work (9EB0/01) Download Past Paper - Download Mark Scheme Paper 2: A-Level - Competing in the Global Economy (9EB0/02) Download Past Paper - Download Mark Scheme Paper 3: A-Level - The Economic Environment and Business (9EB0/03) Download Past Paper - Download Mark Scheme
Economics B (8EB0): Pearson Edexcel AS-Level Past Papers June 2019
Economics A (9EC0): Pearson Edexcel A-Level Past Papers June 2018
Paper 1: A-Level - Markets and Business Behaviour (9EC0/01) Download Past Paper - Download Mark Scheme Paper 2: A-Level - The National and Global Economy (9EC0/02) Download Past Paper - Download Mark Scheme Paper 3: A-Level - Microeconomics and Macroeconomics (9EC0/03) Download Past Paper - Download Mark Scheme
Economics A (8EC0): Pearson Edexcel AS-Level Past Papers June 2018
Paper 1: AS - Introduction to Markets and Market Failure (8EC0/01) Download Past Paper - Download Mark Scheme Paper 2: AS - The UK Economy - performance and policies (8EC0/02) Download Past Paper - Download Mark Scheme
Economics B (9EB0): Pearson Edexcel A-Level Past Papers June 2018
Paper 1: A-Level - Markets and how they Work (9EB0/01) Download Past Paper - Download Mark Scheme Paper 2: A-Level - Competing in the Global Economy (9EB0/02) Download Past Paper - Download Mark Scheme Paper 3: A-Level - The Economic Environment and Business (9EB0/03) Download Past Paper - Download Mark Scheme
Economics B (8EB0): Pearson Edexcel AS-Level Past Papers June 2018
Paper 1: AS - Markets, Consumers and Firms (8EB0/01) Download Past Paper - Download Mark Scheme Paper 2: AS - The Wider Economic Environment (8EB0/02) Download Past Paper - Download Mark Scheme
Economics A (9EC0): Edexcel A-Level Past Papers June 2017
Economics A (8EC0): Edexcel AS-Level Past Papers June 2017
Economics B (9EB0): Edexcel A-Level Past Papers June 2017
Economics B (8EB0): Edexcel AS-Level Past Papers June 2017
Economics A (8EC0): Edexcel AS-Level Past Papers June 2016
Paper 1: AS - Introduction to Markets and Market Failure (8EC0/01) - Download Past Paper - Download Mark Scheme Paper 2: AS - The UK Economy - performance and policies (8EC0/02) - Download Past Paper - Download Mark Scheme
Economics B (8EB0): Edexcel AS-Level Past Papers June 2016
Paper 1: AS - Markets, Consumers and Firms (8EB0/01) - Download Past Paper - Download Mark Scheme Paper 2: AS - The Wider Economic Environment (8EB0/02) - Download Past Paper - Download Mark Scheme
Edexcel A-Level Economics Past Papers June 2016
Unit 1: Competitive Markets: How they work and why they fail (6EC01) - Download Past Paper - Download Mark Scheme
Unit 2: Managing the Economy (6EC02) - Download Past Paper - Download Mark Scheme
Unit 3: Business Economics and Economic Efficiency (6EC03) - Download Past Paper - Download Mark Scheme
Unit 4: The Global Economy (6EC04) - Download Past Paper - Download Mark Scheme
Edexcel A-Level Economics June 2015
Edexcel A-Level Economics June 2014
For more A-Level Economics past papers from other exam boards click here .
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Answers and commentary (AS): Paper 2 The national economy in a global context - Sample set 1 New
Published 8 May 2024 | PDF | 7.2 MB
Answers and commentary (AS): Paper 1 The operation of markets and market failure - Sample set 1 New
Published 8 May 2024 | PDF | 6.6 MB
Answers and commentary (A-level): Paper 3 Economic principles and issues - Sample set 1 New
Published 2 May 2024 | PDF | 2.2 MB
Answers and commentary (A-level): Paper 2 National and international economy - Sample set 1 New
Published 2 May 2024 | PDF | 5.1 MB
Answers and commentary (A-level): Paper 1 Markets and market failure - Sample set 1 New
Published 2 May 2024 | PDF | 4.8 MB
Exampro: searchable past paper questions, marks and examiner comments [exampro.co.uk]
Published 12 Dec 2023
Insert (A-level): Paper 3 Economic principles and issues - June 2022
Published 14 Jul 2023 | PDF | 316 KB
Insert (Modified A4 18pt) (A-level): Paper 3 Economic principles and issues - June 2022
Published 14 Jul 2023 | PDF | 312 KB
Insert (AS): Paper 1 The operation of markets and market failure - June 2022
Published 14 Jul 2023 | PDF | 238 KB
Examiner report (A-level): Paper 2 National and international economy - June 2022
Published 14 Jul 2023 | PDF | 128 KB
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Published 14 Jul 2023 | PDF | 205 KB
Insert (Modified A3 36pt) (A-level): Paper 3 Economic principles and issues - June 2022
Published 14 Jul 2023 | PDF | 511 KB
Question paper (A-level): Paper 1 Markets and market failure - June 2022
Published 14 Jul 2023 | PDF | 758 KB
Question paper (AS): Paper 2 The national economy in a global context - June 2022
Published 14 Jul 2023 | PDF | 751 KB
Question paper (A-level): Paper 2 National and international economy - June 2022
Published 14 Jul 2023 | PDF | 190 KB
Question paper (AS): Paper 1 The operation of markets and market failure - June 2022
Published 14 Jul 2023 | PDF | 654 KB
Insert (Modified A4 18pt) (AS): Paper 1 The operation of markets and market failure - June 2022
Published 14 Jul 2023 | PDF | 235 KB
Examiner report (A-level): Paper 1 Markets and market failure - June 2022
Published 14 Jul 2023 | PDF | 164 KB
Insert (Modified A4 18pt) (AS): Paper 2 The national economy in a global context - June 2022
Published 14 Jul 2023 | PDF | 156 KB
Question paper (A-level): Paper 3 Economic principles and issues - June 2022
Published 14 Jul 2023 | PDF | 905 KB
A-Level Edexcel Economics: Theme 1 (Questions by topic)
Download A-Level Edexcel Economics: Theme 1 (Questions by topic) Past Papers & Mark Schemes
PPF and Opportunity Cost (1.1.3 & 1.1.4)
Normative and positive statements (1.1.2), demand and supply (1.2.2 & 1.2.4), types of economies (1.1.6), consumer and producer surplus (1.2.8), specialisation (1.1.5), elasticities (1.2.3 & 1.2.5), externalities (1.3.2), market failure (1.3), government failure (1.4.2), subsidies (1.4.1), indirect tax (1.4.1), government intervention in markets (1.4.1), tradable pollution permits (1.4.1), rational & irrational behaviour (1.2.1 & 1.2.10).
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As and a level economics - h060, h460.
Full assessment teaching materials, including secure assessment materials, are now only available on Teach Cambridge. Examples are shown below.
Question papers, mark schemes and reports
2022 - june series.
- Question paper - Microeconomics H460/01 - PDF 928KB
- Mark scheme - Microeconomics H460/01 - PDF 492KB
- Examiners' report - Microeconomics H460/01 - PDF 795KB
- Question paper - Macroeconomics H460/02 - PDF 940KB
- Question paper - Macroeconomics post exam correction H460/02 - PDF 134KB
- Mark scheme - Macroeconomics H460/02 - PDF 453KB
- Examiners' report - Macroeconomics H460/02 - PDF 1MB
- Question paper - Themes in economics H460/03 - PDF 1MB
- Question paper - Themes in Economics post exam correction H460/03 - PDF 107KB
- Mark scheme - Themes in economics H460/03 - PDF 1MB
- Examiners' report - Themes in economics H460/03 - PDF 2MB
- Modified Papers H460/01-H460/03 - ZIP 10MB
2021 - November series
- Question paper - Microeconomics H460/01 - PDF 3MB
- Mark scheme - Microeconomics H460/01/02/03 - PDF 543KB
- Question paper - Macroeconomics H460/02 - PDF 4MB
- Mark scheme - Macroeconomics H460/02 - PDF 515KB
- Mark scheme - Themes in economics H460/03 - PDF 457KB
- Modified papers H460/01/02/03 - ZIP 11MB
2020 - November series
- Question papers H460 - interchange login required
- Question paper - Microeconomics H460/01 - PDF 917KB
- Mark scheme - Microeconomics H460/01/02/03 - PDF 556KB
- Question paper - Macroeconomics H460/02 - PDF 927KB
- Mark scheme - Macroeconomics H460/02 - PDF 505KB
- Mark scheme - Themes in economics H460/03 - PDF 433KB
- Modified papers H460/01/02/03 - ZIP 4MB
2019 - June series
- Mark schemes H460 - interchange login required
- Mark scheme - Microeconomics H460/01 - PDF 750KB
- Examiners' report - Microeconomics H460/01 - PDF 1MB
- Question paper - Macroeconomics H460/02 - PDF 1MB
- Mark scheme - Macroeconomics H460/02 - PDF 554KB
- Question paper - Themes in economics H460/03 - PDF 4MB
- Mark scheme - Themes in economics H460/03 - PDF 568KB
- Examiners' report - Themes in economics H460/03 - PDF 632KB
- Modified Papers H460/01-H460/03 - ZIP 29MB
Sample assessment materials
Marking instructions are included at the beginning of specimen assessment material mark schemes and were accurate at the time of publication. Marking instructions may be revised in live papers as appropriate during the lifetime of the qualification.
We're currently revising our SAMs to update third-party copyright agreements. For question examples see our question papers, marks schemes and reports.
- Microeconomics H460/01 - Sample question paper and mark scheme PDF 1MB
- Macroeconomics H460/02 - Sample question paper and mark scheme PDF 1MB
- Themes in economics H460/03 - Sample question paper and mark scheme PDF 654KB
- Question paper - Microeconomics H060/01 - PDF 2MB
- Mark scheme - Microeconomics H060/01 - PDF 463KB
- Question paper - Macroeconomics H060/02 - PDF 628KB
- Mark scheme - Macroeconomics H060/02 - PDF 414KB
- Modified papers H060 - ZIP 3MB
- Question papers H060 - interchange login required
- Question papers H060/H460 - interchange login required
- Mark scheme - Microeconomics H060/01 - PDF 456KB
- Question paper - Macroeconomics H060/02 - PDF 2MB
- Mark scheme - Macroeconomics H060/02 - PDF 354KB
- Microeconomics H060/01 - Sample question paper and mark scheme PDF 1MB
- Macroeconomics H060/02 - Sample question paper and mark scheme PDF 1MB
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Edexcel A-Level Economics | Every 25 Marker
AS 20 Markers
In 2015 a report by Public Health England recommended the imposition of a 20% tax on the sale of soft drinks that contain high levels of sugar. Evaluate the likely microeconomic effects of such a tax . (June 2017)
‘Revenue maximisation is a more realistic business objective than profit maximisation for many businesses.’ To what extent do you agree with this statement? Refer to an industry of your choice in your answer. (June 2017)
In September 2016 the government approved the building of an £18 billion nuclear power station, Hinkley Point C, which will supply 7% of UK electricity for up to 60 years. The power station is funded by Chinese and French investment. Evaluate the likely private costs and external costs involved in such major power station construction projects. Use an appropriate externalities diagram in your answer. Evaluate the likely private costs and external costs involved in such major power station construction projects. Use an appropriate externalities diagram in your answer. (June 2018)
In July 2016 Apple’s share of the UK market for smartphones was 38%. Evaluate whether such a high market share for one company is in the consumer interest. Use appropriate diagrammatic analysis in your answer. (June 2018)
In July 2017 it was announced that only a third of the BBC’s 96 top earning presenters were women and that its seven highest-paid presenters were all men. According to the High Pay Centre, in 2018, UK chief executives can earn 120 times more than the average full-time worker earning £28 758. With reference to an industry of your choice, evaluate why wage differences exist within the UK labour market. (June 2019)
In October 2017 Scania, the Volkswagen-owned truck maker, was fined €880 million (£771 million) by the European Commission for colluding with five other truck manufacturers over a 14-year period. The firms had agreed to coordinate prices after experiencing additional costs of meeting emission regulations. With reference to an industry of your choice, evaluate why some firms engage in collusive behaviour. (June 2019)
The International Energy Agency has predicted that oil use by cars will peak in 2025 because of the increasing number of drivers switching to electric vehicles. Evaluate the likely microeconomic consequences of consumers shifting from vehicles powered by fuel obtained from oil to electric-powered vehicles. (June 2020)
‘Amazon.com, the giant online retailer, has too much power.’ It uses its market power to put a squeeze on publishers, in effect driving down the prices it pays for books. If a publisher refuses, Amazon may take action by ‘delaying their delivery, raising their prices, and steering customers to other publishers’. Evaluate the likely costs of a monopsony operating in a market such as book retailing. (June 2020)
The national living wage, the minimum wage for 25-year-olds and over, is expected to rise to more than £10.50 an hour in 2024 compared with £8.72 in 2020. The wage does not apply to the UK’s self-employed and ‘gig economy’ workers. Some economists said the increase was ambitious. Business groups warned that employers in sectors such as social care could be hit hard. In large parts of the north of England the living wage has already reached two-thirds of local median earnings, said Professor Shackleton. Evaluate the disadvantages of a significant increase in the national living wage on a specific labour market, such as that for social care workers. (June 2021)
In many industries, such as banking, health insurance, internet search engines, pharmaceuticals, social media and telecommunications, there have been increases in market concentration. Evaluate the possible consequences for business decision making of increased market concentration. Refer to industries of your choice in your answer. (June 2021)
Evaluate the likely costs of a monopsony operating in a market such as book retailing. (June 2021)
Evaluate the disadvantages of a significant increase in the national living wage on a specific labour market, such as that for social care workers. (June 2021)
‘Tradable permits are less effective than taxation in reducing carbon emissions.’ To what extent do you agree with this statement? (Specimen)
Evaluate the likely microeconomic impact of an increase in the UK national minimum wage. (Specimen)
Tesla held an 82% market share of the electric vehicle market in the United States during the first half of 2020. Evaluate whether a monopoly is likely to operate efficiently. Refer to at least one monopoly of your choice. (Specimen )
Some occupations in the UK are facing large labour shortages. Hard-to-fill vacancies include qualified chefs, software engineers, construction workers and qualified nurses. Evaluate the factors that might influence the supply of labour in an occupation of your choice. (Specimen)
Since the global financial crisis of 2008 there have been over 5 700 increases in tariffs, quotas and administrative controls on international trade. Evaluate the likely effects of an increase in protectionism on the economy of a developing country of your choice. (June 2017)
Global oil prices fell from a 2008 peak of $147 a barrel to $27 in 2016. Evaluate the likely macroeconomic consequences of a significant fall in global oil prices. (June 2017)
In 2016 the UK Chancellor of the Exchequer announced that the government would spend an extra £23 billion on innovation and infrastructure over the following five years. Evaluate the likely economic effects of this planned increase in government expenditure. (June 2018)
The British pound fell by over 10% to a 30-year low against the US dollar after the UK voted to leave the European Union. To what extent will this depreciation impact on future economic growth in the UK? (June 2018)
Three of Africa’s main trading blocs have agreed to form the Tripartite Free Trade Agreement (TFTA). This will create one of the world’s largest free trade areas, stretching across 26 countries with a combined GDP of around £1trillion. Evaluate the effects of the growth of trading blocs such as the TFTA on global trading patterns. (June 2019)
Japan’s budget deficit for 2017/18 is expected to be 4.6% of GDP. Its national debt is forecast to increase to above 250% of GDP by 2019. Evaluate the impact of a large fiscal deficit and national debt on a country’s economy. (June 2019)
In 2018, the United States Government cut the corporation tax rate (tax on company profits) from 35% to 21%. Income tax rates for US citizens were also reduced: for example, the top rate of income tax was cut from 39.6% to 37%. Evaluate the likely impact of cutting tax rates as a policy to increase economic growth. (June 2020)
In terms of income distribution and wealth distribution Brazil is one of the most unequal countries in the world. Its income Gini coefficient is 0.449 and it is ranked number 2 in the world for its wealth inequality. Evaluate possible economic causes of income and wealth inequalities within a country such as Brazil. (June 2020)
The European Central Bank introduced a new round of quantitative easing (QE) in March 2020, purchasing up to €750 billion of assets. The objective of this QE was to reduce the serious risks to the effectiveness of monetary policy resulting from a significant recession. The European Central Bank’s target for inflation remains at ‘below but close to 2%’. Evaluate the effectiveness of quantitative easing during ‘a significant recession’. (June 2021)
It has been estimated that if climate change led to the world’s temperature rising 2.5°C compared to the temperature in 2010, then global GDP per capita would be 15% lower by 2100. If temperatures rise by 4°C compared to the temperature in 2010, then by 2100 global GDP per capita would decline by more than 30%.. Evaluate the potential trade-offs between environmental protection and other macroeconomic objectives. (June 2021)
Both China and the United States have been gradually increasing the tariffs imposed on each other’s exports as their trade dispute continues. The IMF estimated that the trade dispute between China and the United States would reduce global GDP growth by 0.8 percentage points by the end of 2020. Evaluate the likely impact of an increase in protectionism on the global economy. (June 2022)
With global economic growth slowing and inequality rising, the case against globalisation is strengthening. But there are also many benefits to globalisation. Global trade and international trade agreements allow countries to focus on their strengths and share expertise, as well as reducing risk through diversification. Evaluate the likely impact of globalisation on the global economy. (June 2022)
In 2012, it was estimated that Japan’s national debt was equal to 214.3% of its GDP, and Greece’s national debt was equal to 161.3% of its GDP. Evaluate the likely impact of measures which a government could take to reduce the economy’s national debt. Refer to a developed economy of your choice in your answer. (Specimen)
Over the past 25 years, income inequality has been increasing in many developed countries. For example, from 2007 to 2011 Spain’s Gini coefficient rose by 6.0 percentage points, and Ireland’s by 6.6 percentage points. Evaluate the factors which may have caused this increase in income inequality. Refer to a developed economy of your choice in your answer. (Specimen)
A-Level Economics Model Answers (for Edexcel Past Papers)
Download A-Level Economics Model Answers for Edexcel past papers below for A2 and AS. These candidate responses were extracted from Edexcel exam board’s examiners’ reports and were graded by Edexcel examiners. All new specification Economics papers and their model answers are now available including Paper 1 (Microeconomics), Paper 2 (Macroeconomics) and Paper 3 (Synoptic).
Relevant resources: Download Edexcel A2 Economics past papers for students studying A2 Economics in their second year. Download Edexcel AS Economics past papers for students studying AS Economics in their first year. Visit our Edexcel Economics notes & questions by topic for practicing and revising certain areas of the course.
Economics Model Answers for A2 (Year 2)
Edexcel 2018 Economics A Paper 1 Model Answers Download
Edexcel 2018 Economics A Paper 2 Model Answers Download
Edexcel 2017 Economics A Paper 1 Model Answers Download
Edexcel 2017 Economics A Paper 2 Model Answers Download
Economics Model Answers for AS (Year 1)
Edexcel 2018 AS Economics A Paper 1 Model Answers Download
Edexcel 2017 AS Economics A Paper 1 Model Answers Download
Edexcel 2016 AS Economics A Paper 1 Model Answers Download
Need help with these Edexcel Economics past papers? Ask our Economics Tutor a free question or get a personalised 1 to 1 online lesson with us today. Alternatively, check out our Edexcel Economics revision notes to refresh your memory.
Other Resources
Looking for the full version of the Examiner Reports and more? You can find more Economics past papers and mark schemes on Edexcel’s resource page . Copyright for these examination papers belongs to their respective examination boards but not Qurious Education Ltd.
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Revision Activities: MCQ Practice Tests for A Level Economics
Last updated 27 Nov 2018
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This collection contains the revision-lesson versions of our popular MCQ revision blast sessions where we attempt at least 10 exam-style and exam-standard multiple choice questions.
Test 20: A Level Economics: MCQ Revision on Macroeconomics
Practice Exam Questions
Test 19: A Level Economics: MCQ Revision on Microeconomics
Test 18: a level economics: mcq revision on indirect taxes and subsidies, test 17: mcq revision on production and cost for a level economics, test 16: a level economics: mcq revision on consumer and producer surplus, test 15: a level economics: mcq revision on business objectives, test 14: a level economics: mcq revision on utility theory, test 13: a level economics: mcq revision on monopoly and oligopoly, test 12: a level economics: mcq revision on economic cycles and the multiplier, test 11: a level economics: mcq revision on elasticity of demand & supply, test 10: a level economics: mcq revision on fiscal policy, test 9: a level economics: mcq revision on labour markets, test 8: a level economics: mcq revision on inflation and unemployment, test 7: a level economics: mcq revision on exchange rates, test 6: a level economics: mcq revision on monetary policy, test 5: a level economics: mcq revision on financial economics, test 4: a level economics: mcq revision on international economics, test 3: a level economics: mcq revision on business economics, test 2: a level economics: mcq revision on aggregate demand and aggregate supply, test 1: a level economics: mcq revision on market failure and government intervention, test 21: price theory and elasticity.
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A-Level RS: Poverty Past Paper Question + Model + Plan - Eduqas Christianity
Subject: Religious education
Age range: 16+
Resource type: Assessment and revision
Last updated
14 May 2024
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Topic: Christian Responses to Poverty (Liberation Theology) Unit: A Study of Religion: Christianity Marks: 50 Marks (20 + 30) Exam Board: Eduqas
The essay is on Liberation Theology and forms part of the Ethics unit of A-Level Religious Studies.
This is a past paper question from 2019 and consists of both a 20 mark and 30 mark question with a total of 50 marks. Students should be given approximately 50 minutes to answer this under timed conditions.
Included is a model answer and a model plan to help support with DIRT and marking.
This is designed for the Eduqas exam board but could be adapted to suit other exam boards.
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A Level Economics. Our extensive collection of resources is the perfect tool for students aiming to ace their exams and for teachers seeking reliable resources to support their students' learning journey. Here, you'll find an array of revision notes, topic questions, fully explained model answers, past exam papers and more, meticulously ...
Economics Revision Essay Plans. This series of resources provides revision essay plans for a wide variety of essay topics, including synoptic questions. For the 2019 papers check out our collection of videos on building A* evaluation into your answers. Have you tried our series of more than 50 Quizlet revision activities?
Buy: 50 Model A Level Economic Essays - click here for more details. Environment Essays. Economics of Global Warming; Housing Market. Housing Market for AQA unit 3 ; ... Macro Economic Essays; Ask Economics Question for free; View: all Revision Guides. A-Level revision guide £8.95. A-Level Model Essays £9.00. Get new posts by email: Subscribe.
In this video I have chosen loads of current examples that you might want to use as context in your microeconomics exams. We look at examples from different market structures, recent mergers and takeovers, the world's most valuable companies, the largest employer, unicorn business, de-mergers, the biggest initial public offerings (IPOs) and ...
Micro Essays. Housing. Home ownership has become increasingly difficult to access, particularly for first-time buyers, as house price growth has outstripped growth in wages. Median house prices in England are now 7.7 times higher than median earnings. In London, the ratio can be considerably higher: in Chelsea & Fulham, it is 24.8.
Price Determination in a Competitive Market. a) The determinants of the demand for goods and services. b) Price, income and cross elasticities of demand. c) The determinants of the supply of goods and services. d) Price elasticity of supply. e) The determination of equilibrium market prices. f) The interrelationship between markets.
A lvl Sample Assessment P1 6a. Explain why the price of 'the average top-price ticket has risen by almost £10'. Use a supply and demand diagram in your answer. 5 marks. - Supply and demand diagram. - Extract A implies increase in demand and decrease in supply. - New equilibrium = higher price of £10.
The above papers are labelled June 2020. Economics B (9EB0): Pearson Edexcel A-Level Past Papers November 2020. Paper 1: A-Level - Markets and how they Work (9EB0/01) Download Past Paper - Download Mark Scheme. Paper 2: A-Level - Competing in the Global Economy (9EB0/02) Download Past Paper - Download Mark Scheme.
Free economics essay outlines and templates by topic. CIE and AQA economics model essays for A level, AS level, GCSE, IGCSE and O level. All questions are taken from past papers and Solutions are included. Relevant for years 10, 11, 12 and 13. Questions and answers are classified by topic.
A-level Economics "DISCUSS THE EXTENT TO WHICH PRICE DISCRIMINATION IS BENEFICIAL TO PRODUCERS AND CONSUMERS" ESSAY PLAN 1) Define. Price discrimination occurs when a seller charges different prices to different customers for exactly the same product. 2) Explain the benefits to the producer
Download past exam papers for A-Level Edexcel Economics: Paper 1 (Microeconomics) to prepare for your exams. A-Level Edexcel Economics: Paper 1 (Microeconomics) past papers are available to download for free from various exam boards and school boards including AQA, Edexcel, OCR and Eduqas (WJEC)
Insert (Modified A3 36pt) (A-level): Paper 3 Economic principles and issues - June 2022. Question paper (A-level): Paper 1 Markets and market failure - June 2022. Question paper (AS): Paper 2 The national economy in a global context - June 2022. Question paper (A-level): Paper 2 National and international economy - June 2022.
We produced a 20-mark extended response question for AS Microeconomics (H060/01) and asked students to answer it. The sample answers in this resource have been extracted from original candidate work to maintain their authenticity. To facilitate different ways for using this resource, you will find the student answers twice, once without and ...
Here are ten more practice essay titles that might be worth planning and writing under timed conditions: Microeconomics. Question 1. Evaluate the policies that a government could use to reduce the externalities associated with plastic pollution (25) Question 2. Assess the usefulness of behavioural economics in understanding the causes of ...
Download past exam papers for A-Level Edexcel Economics: Theme 1 (Questions by topic) to prepare for your exams. A-Level Edexcel Economics: Theme 1 (Questions by topic) past papers are available to download for free from various exam boards and school boards including AQA, Edexcel, OCR and Eduqas (WJEC)
Microeconomics H060/01 - Sample question paper and mark scheme PDF 1MB. Macroeconomics H060/02 - Sample question paper and mark scheme PDF 1MB. OCR AS and A Level Economics (from 2015) qualification information including specification, exam materials, teaching resources, learning resources.
Exam technique: A-level Papers. A-level Economics has three exam papers, each is marked out of 100 and is 2 hours long. Paper 1 and 2 have the same format: Section A, multiple choice and short answer questions, Section B, data response questions , and Section C, an essay-style question. Paper 1 tests your know of microeconomics, Theme 1 and ...
Quick revision guide for A Level Microeconomics covering all key areas including Labour Markets, Market Structures & Government Intervention. Also includes a list of 25 mark questions!
Here is a Microeconomics exam question on speed cameras. The purpose of this post is for you to understand how to construct a good plan when answering a long answer 'evaluate' question. Tagged: economics , a-level , evaluate , question , exam , practice , model answer , demerit good , merit good , public good , market failure , government ...
Worked examples and further exam-style questions to try. ... Sterling and the UK Economy - A-Level Economics Essay Walkthrough Practice Exam Questions. Interest rates and business investment - chain of reasoning Practice Exam Questions. Price Discrimination and Consumer Welfare - A-Level Economics Essay Walkthrough ...
Evaluate the likely costs of a monopsony operating in a market such as book retailing. (June 2020) The national living wage, the minimum wage for 25-year-olds and over, is expected to rise to more than £10.50 an hour in 2024 compared with £8.72 in 2020. The wage does not apply to the UK's self-employed and 'gig economy' workers.
Here's a set of 20 questions on any micro or macro topic from the A level in Economics (2017 specification). ... Here's a set of 20 questions on any micro or macro topic from the A level in Economics (2017 specification). A quick test before the Paper 3 exam! Live revision! Join us for our free exam revision livestreams Watch now ...
Download A-Level Economics Model Answers for Edexcel past papers below for A2 and AS. These candidate responses were extracted from Edexcel exam board's examiners' reports and were graded by Edexcel examiners. All new specification Economics papers and their model answers are now available including Paper 1 (Microeconomics), Paper 2 ...
Alfred Marshall provided a still widely cited definition in his textbook Principles of Economics (1890) that extended analysis beyond wealth and from the societal to the microeconomic level: Economics is a study of man in the ordinary business of life. It enquires how he gets his income and how he uses it.
Revision Activities: MCQ Practice Tests for A Level Economics. Last updated 27 Nov 2018. Share : This collection contains the revision-lesson versions of our popular MCQ revision blast sessions where we attempt at least 10 exam-style and exam-standard multiple choice questions.
View Microeconomics revision.docx from BUSN 239 at King's College London. Microeconomics & Macroeconomics Revision notes Exam structure - 24h open book - Tuesday 3rd of May Lecture 1 The economy is a ... Production Possibility Curve · A simple representation of the maximum level of output that an economy can achieve when using its existing ...
This is an example practice essay which goes over some of the key aspects of conservatism. I took Edexcel's Government & Politics A-Level course in 2019, achieving an A*, and afterwards I studied politics at the University of Warwick. ... I would recommend this style of revision - writing out key questions and then doing answers in ...
Audrey Nelson Thursday MHS 3063 3-7-24 Module 9 Lecture 9.1: Patient Level Determinants The concept of health disparities looms big in the complex fabric of healthcare, covering a plethora of factors that lead to differences in health outcomes among varied groups. At its foundation is a set of patient-level variables that have a subtle but significant impact on health equity.
Topic: Christian Responses to Poverty (Liberation Theology) Unit: A Study of Religion: Christianity Marks: 50 Marks (20 + 30) Exam Board: Eduqas The essay is on Liberation Theology and forms part of the Ethics unit of A-Level Religious Studies. This is a past paper question from 2019 and consists of both a 20 mark and 30 mark question with a total of 50 marks.
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