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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
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
Topic Videos
Chains of Reasoning and Evaluation: Fuel Prices in the UK
Exam Support
EU Customs Union Membership (Revision Essay Plan)
Practice Exam Questions
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.
Study Notes
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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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:
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
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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Market Structures and Competition Essays. 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.
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 ...
And with the option to download economics essays in PDF format, learning on-the-go has never been easier. 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.
The question clearly asks the candidate to 'calculate and compare'. Careful reading of question requirements is essential for maximum marks. Mark awarded = 2 out of 4. 6. Cambridge International AS and A Level Economics 9708. Paper 2. Example candidate response. Cambridge International AS and A Level Economics 9708. 7.
Students have asked for further examples of answers to 25-mark questions for Edexcel. Below I have given an example model answer. For practice papers for Edexcel A-level Economics A, see the link here: Edexcel A-level Practice Papers 2024. To see a collection of 24 model answers to 25 mark questions, check out the link here:
Economics Model Answers | Assess the importance of higher labour productivity in bringing about improvements to UK macroeconomic performance. Mr Banks. October 10, 2020. Let's try this question on how increased labour productivity may or may not benefit the UK's macroeconomic performance levels. A model answer guide is included - you'll ...
Question for model answer. Consider the following question. I have written this question in the style of a 25-mark AQA Economics A-level question for section B: Taking effect from 1st April 2023, the UK Government has committed to increasing the corporation tax rate from 19% to 25% for companies with profits above £250,000 per year.
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.
Here is a step by step guide that will help you write a striking A* economics essay! Part one: Reading the exam question. Step 1: Underline the content words. Step 2: Underline Command words. Step 3: Look for extra requirements. Step 4: Look at the number of marks. Step 5: Plan time management. Part 2: Writing your essay.
GCE Economics A 9EC0 01 41 Use this as a model for your writing, along with other high scoring responses. Carefully unpick where the economic ideas are concisely linked together in context with both the problems and their evaluation. This answer achieves a mark of 15/15. This candidate achieves top level KAA and Evaluation. The further chains of
This pdf download provides a complete set of suggested answers to all three 2019 exam papers for AQA A-Level Economics. Please note: These suggested answers have been prepared solely to help students develop their exam technique for future exam sittings. These answers are not endorsed by AQA. These answers were not written under exam conditions ...
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?
Question 1 (e) This is a wide ranging and carefully reasoned answer. It is fully applied and the diagrams are relevant. There are clear Level 4 passages, with carefully argued chains of reasoning, fully in context. There is a sound judgement after each piece of KAA, and a judgement at the end to consider the overall impact.
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.
A-level Economics Model Answer Guide: Obesity and Market Failure from Demerit Goods exam questions and model answers. ... exams, past, papers, mocks, model, answers, gcse, a-level, aqa, ocr, edexcel, obesity, demerit good, merit good, market failure. Older Posts. Want a Better Economics Grade? Hire a specialist tutor. We specialise in 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.
Economics: Model Essays is the 2nd edition of the best-selling revision guide that helps students gain a strong grade in the essay component of the 2023-2025 Cambridge International AS & A Level Economics (9708) examination paper. With over 50 new model essays, the book provides a clear essay structure for each essay, various tips, and conceptual diagrams on basic economics concepts to give ...
Tagged: economics, economics past papers, economics essay, a level, a2 economics, aqa economics, ocr economics, ... Let's try this question on reducing unemployment. A model answer guide is included - you'll need this for your economics exams. Tagged: unemployment, ...
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Start with a sentence explaining part of what the question is about, using a keyword from the course, if possible. Define a key word in the question. Preferably the keyword used in your first sentence. Define either another key word in the question (if there is another one) or an important related key word. Define either another key word in the ...
Get model answers for your Economics exams at mrbanks.co.uk. In this question, we look at a 25 mark question on protectionism. At mrbanks.co.uk, you can explore all things Economics. Get support from a private online Economics tutor. Online Economics tuition can help support you in your exams.
Published annually, The Economic Report of the President includes: (1) current and foreseeable trends in and annual goals for employment, production, real income, and Federal budget outlays; (2) employment objectives for significant groups of the labor force; and (3) a program for carrying out these objectives.