The Curious Economist

Economic news for students.

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  • [ September 11, 2024 ] Google and Apple Fined Billions for Abusing Monopoly Power Consumer and Business Behaviour
  • [ September 9, 2024 ] Bill Gates on Taxes: “I should have paid more!” Basic Economic Concepts
  • [ September 4, 2024 ] How Premier League Football Clubs Make a Profit: The Case of Brighton & Hove Albion Curious?
  • [ September 4, 2024 ] New Zealand’s Tourism Tax Hike: A Boost or Barrier for Economic Growth? Aggregate Demand and Supply

Model 15-Markers

economics essay model answers

Unlock your potential with these IB economics model answers, designed to provide a deeper understanding of key topics and real-world examples. 

By studying these model answers, you’ll gain a solid foundation in economic concepts, learn how to structure your essays effectively, and develop critical analysis skills. As you explore the real-world examples provided, you’ll also gain an appreciation for the complexities and nuances of economic policies and their impacts on various societies. 

Our goal is to empower you with the knowledge and confidence needed to succeed in your IB economics journey, ensuring that you’re well-equipped to tackle any question or challenge that comes your way. 

Click on the questions below to see a model essay!

Microeconomics

Using real-world examples, discuss the consequences of a price ceiling on stakeholders

Using real-world examples, evaluate different approaches to managing common access resources

Using real-world examples, evaluate the policies a government might adopt to respond to a market situation in which significant asymmetric information exists

Using real-world examples, evaluate the effects for stakeholders of a government imposing an indirect tax on a particular good

Using real-world examples, evaluate the view that government regulation is the most effective way to deal with negative externalities of consumption

Using real-world examples, evaluate the view that governments should always try to prevent the creation of barriers to entry in a market.

Using real-world examples, evaluate the impact of large firms having significant market power.  

Macroeconomics

Using real-world examples evaluate the claim that according to the Keynesian and monetarist models a decrease in AD will always be deflationary.

Using real-world examples evaluate the view that  economic growth  will always lead to an improvement in living standards

Using real-world examples, evaluate the effectiveness of  monetary policy  to achieve low unemployment

Using real world examples, discuss the effectiveness of demand side policies in achieving a target rate of inflation.

Using real-world examples, evaluate the claim that effective supply side policy is able to improve the tradeoff between inflation and unemployment .

Global Economy

Using real-world examples, discuss the possible implications of a persistent  current account deficit

Using real-world examples, discuss the consequences of a fall in a country’s exchange rate

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Economics Revision Essay Plans

Last updated 17 Dec 2019

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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? Click here to access!

Essay Plan: Limits on Monopoly Power

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Chains of Reasoning and Evaluation: Fuel Prices in the UK

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EU Customs Union Membership (Revision Essay Plan)

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Market for Electric Vehicles (Revision Essay Plan)

Mergers and consumer welfare (revision essay plan), air pollution and policies to control (revision essay plan), policies to improve competitiveness (revision essay plan), economic effects of higher interest rates (revision essay plan), current account deficit & policies (revision essay plan), unemployment and policy trade-offs (revision essay plan), case for cutting the national debt (revision essay plan), micro-finance (2019 revision update), essay on advertising and economic welfare, essay on oligopoly and collusion, policies to control inflation.

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Why is high inflation a problem?

Revision essay: exchange rate depreciation and macroeconomic objectives, to what extent should full-employment be the main macro policy objective, housing supply (revision essay plan), minimum alcohol pricing (revision essay plan), oligopoly and collusion (revision essay plan), building confidence in writing synoptic 25 mark essays (edexcel), behavioural and neo-classical economics (revision essay plan), barriers to entry and economic profit (revision essay plan), micro and macro impact of a plastic tax (revision essay plan), edge revision webinar: market failure and government intervention, farm subsidies (revision essay plan), competitiveness of the uk motor industry (revision essay plan), labour migration (revision essay plan), financial market failure (revision essay plan), tariff on chinese steel (revision essay plan), policies to improve food affordability (revision essay plan), reducing a trade deficit (revision essay plan), museums and government subsidy (revision essay plan), fiscal policy and inequality (revision essay plan), globalisation and inequality (revision essay plan), economic inactivity (revision essay plan), competition and consumer welfare (essay technique video), essay plan: is the euro the main cause of the crisis in greece and italy, china: successes and failures essay plan, our subjects.

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Economics Essays

Monday, May 22, 2017

Sample question and answers in economics.

  • Why Women are Paid Less than Men (30) Edexcel Unit 5a
  • Does a Minimum Wage Reduce Poverty? - (30) AQA unit 5 Business Economics
  • Discuss 3 different Policies to Reduce Inequality (30) AQA
  • When if Ever should the Government prevent a Merger or Takeover? OCR (20)
  • Advantages of Electronic Road Pricing (30) AQA
  • Discuss the effects of a falling Dollar (30)
  • Discuss policies to stop the dollar falling (30)
  • Does devaluation cause inflation?

Economic Growth Essays

  • Evaluate the Benefits and costs of Economic Growth
  • Discuss the Problems of Recovering from a Recession
  • Discuss Effect of a fall in the Savings Ratio

Inflation Essays

  • Discuss the Difficulties of Controlling Inflation
  • Should the Aim of the Government be to Attain Low Inflation?
  • Explain What Can Cause a Sustained Increase in the Rate of Inflation

Unemployment Essays

  • Explain what is meant by Natural Rate of Unemployment?
  • What Can Cause Natural Rate of Unemployment to Change over time?
  • Should the Main Macro Economic Aim of the Government be Full Employment?
  • Should we increase tax on alcohol? 
  • Subsidies vs minimum prices for farmers?
  • Can government avoid government failure?
  • What are the best policies to reduce pollution?
  • Is Globalisation irreversable?
  • Who are the winners and losers from free trade?
  • Does economic growth conflict with the balance of payments crisis? 

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24 Model Answers to 25 mark questions in style of AQA / Edexcel Economics

A* answers do not have to be complicated.

Yet every year students ask me:

“How do you get an A* in A-level Economics?”

“What is an A* level answer to a 25 mark question in Economics?

To achieve an A* in A-level Economics, you need to know what an A* answer looks like.

So I have made model answers to 25 mark questions. These are in the style of AQA / Edexcel A Economics.

Benefits of model answers

  • Grade boosting . Learn how to write an A* economics essay, so you can too!
  • As a result, increased confidence for students.
  • Direction for students , so they know what to aim for. Students with poor economics teaching often tell me they don’t know what a top answer looks like.
  • Examples for teachers . Use these model answers to show your students how to score highly.
  • Extra points . Suggested points beyond the model answers for each question.
  • Discussion of optimal essay structure . So you can apply this structure to new essay titles.
  • 25 markers are so important . They are 62.5% of the marks in papers 1 and 2 for AQA. They appear in each Edexcel Economics A paper and are half the marks in paper 3.
  • 25 mark questions are also the hardest question type. If you learn the analysis and evaluation skills for the 25 markers, then you can do any other essay question.

Check out the links below to buy model answers:

Features of model answers

Each set of model answers (micro and macro) contains:

  • 12 x 25 marker sample answers.
  • Other suggested points for each question.
  • Notes on how to structure your 25 mark responses.

Samples from model answers

Here is a sample extract from the PDF file:

Extract from Sample Answers

You can find free samples of similar model answers in the links below:

Tariff 25 mark question for Edexcel

Supply-side policies 25 mark question for Edexcel

Tax 25 mark question for AQA

Check out the links below to purchase model answers:

I am Tom, a Cambridge educated economist.

I have racked up 1000+ hours of economics tuition and helped several thousand students through this website.

So I know what it takes for students to improve their grades in A-level economics.

My new mission: help as many students as possible to improve their economics understanding and exam performance.

I do this by providing articles and resources, so that anybody can know how to improve in economics.

Today I am grateful for and humbled by the positive support the website has received in the past two years. So keep checking in for more resources!

To find out more about me, you are most welcome to check out this link here .

Other resources you may find helpful

Practice papers in the style of AQA and Edexcel A Economics A level:

A-level Economics resources – exam technique tips, economics notes and more:

A-level Economics online courses – Edexcel Economics A:

  • I recommend using these model answers to see what a top level answer looks. Do not copy and paste answers (this is not helpful for exam practice).
  • But instead, apply the frameworks to your own work. Learn how to evaluate, analyse, use real world examples and structure your essays.
  • A single resource is not sufficient. I cannot guarantee you will see higher grades just from looking at model answers – you need to action the advice given in the model answers.
  • Also in combination with reviewing and practising sample answers this, I recommend past paper practice, use of practice papers, flash cards or practice essay plans and revision using all available resources.
  • There is no shortcut to getting top grades – hard work is required!

About the author

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Helping economics students online since 2015. Previously an economist, I now provide economics resources on tfurber.com and tutor A Level Economics students. Read more about me here .

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    Model 15-Markers. Unlock your potential with these IB economics model answers, designed to provide a deeper understanding of key topics and real-world examples. By studying these model answers, you'll gain a solid foundation in economic concepts, learn how to structure your essays effectively, and develop critical analysis skills.

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  12. Economics Revision Essay Plans

    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?

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    Micro A Level Questions and Answers: Why Women are Paid Less than Men (30) Edexcel Unit 5a. Does a Minimum Wage Reduce Poverty? - (30) AQA unit 5 Business Economics. Discuss 3 different Policies to Reduce Inequality (30) AQA. When if Ever should the Government prevent a Merger or Takeover? OCR (20) Advantages of Electronic Road Pricing (30) AQA.

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  16. 24 Model Answers to 25 mark questions in style of AQA / Edexcel Economics

    25 markers are so important. They are 62.5% of the marks in papers 1 and 2 for AQA. They appear in each Edexcel Economics A paper and are half the marks in paper 3. 25 mark questions are also the hardest question type. If you learn the analysis and evaluation skills for the 25 markers, then you can do any other essay question.

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