Edexcel 12 mark question Discuss the likely impact of ‘rising costs’ for coffee shops on their profitability Edexcel A-Level Economics Paper 1 June 2022 Extract Using a cost and revenue diagram, discuss the likely impact of ‘rising costs’ for coffee shops on their profitability (Extract A, line 2). (12 marks) Rising costs is likely to reduce coffee shops’ profitability. Extract A mentions firms having to cover
Y12 Macroeconomics Notes Quantitative Easing | A-Level Economics Notes These revision notes cover everything you need to know about Quantitative Easing for A-Level Economics. They're designed for students studying AQA A-Level Economics, Edexcel A-Level Economics, and Edexcel International A-Level Economics. Written by Jaisul Naik, UCL Economics graduate and A-Level Economics tutor since
Edexcel 12 mark question Discuss the potential conflicts between macroeconomic objectives when the central bank attempts to control inflation Edexcel A-Level Economics Paper 2 June 2019 Extract With reference to Extract C, discuss the potential conflicts between macroeconomic objectives when the central bank attempts to control inflation. (12 marks) Extract c line 15 mentions concerns of 'rising inflation'. The central bank are likely to respond with
Edexcel 12 mark question Discuss the problems for the Ivory Coast of dependency on cocoa for a large proportion of their exports Edexcel A-Level Economics Paper 2 June 2020 Insert Discuss the problems for the Ivory Coast of dependency on cocoa for a large proportion of their exports. Refer to Figure 2 in your answer. (12 marks) Primary products are raw materials and natural resources that often come from agriculture. One
Edexcel 12 mark question Discuss methods the UK government could use to increase tax revenue Edexcel A-Level Economics Paper 2 June 2022 Extract With reference to Extract C and your own knowledge, discuss methods the UK government could use to increase tax revenue. (12 marks) One method to increase tax revenue would be to raise corporation tax which has been announced to rise to
Edexcel 12 mark question Discuss the impact of the planned investment by Intel in a new semiconductor factory on Germany’s aggregate demand Edexcel A-Level Economics Paper 2 June 2015 Extract With reference to Extract B, discuss the impact of the planned investment by Intel in a new semiconductor factory on Germany’s aggregate demand. Use an aggregate demand and aggregate supply diagram in your answer. (12 marks) The impact of this
Edexcel 12 mark question Discuss the use of quantitative easing in preventing deflation Edexcel A-Level Economics Paper 2 June 2024 Extract With reference to Extract B, discuss the use of quantitative easing in preventing deflation. (12 marks) Quantitative easing can be useful in preventing deflation as it can promote economic growth. As money supply increases, high street interest rates fall. This means
Edexcel 15 mark question Discuss the role of the financial sector in the growth and development of developing countries Edexcel A-Level Economics Paper 2 June 2018 Extract Discuss the role of the financial sector in the growth and development of developing countries. (15 marks) One way the financial sector can be impactful is through microfinance schemes. Microfinance refers to small loans provided to entrepreneurs who lack access to
Edexcel 15 mark question Discuss policies, other than import tariffs, that the Rwandan government could use to develop its manufacturing industries Edexcel A-Level Economics Paper 2 June 2021 Extract Discuss policies, other than import tariffs, that the Rwandan government could use to develop its manufacturing industries. (15 marks) One policy the Rwandan government can use to develop its manufacturing industries is lower corporation taxes. This means that firms can keep
Y13 Macroeconomics Notes Inequality (Macroeconomics) | A-Level Economics Notes These revision notes cover everything you need to know about Inequality for A-Level Economics. They're designed for students studying Edexcel A-Level Economics, and Edexcel International A-Level Economics. Written by Jaisul Naik, UCL Economics graduate and A-Level Economics tutor since 2017. Please note: this topic
Y13 Microeconomics Notes Shutdown Points | A-Level Economics Notes These revision notes cover everything you need to know about Shutdown Points for A-Level Economics. They're designed for students studying AQA A-Level Economics, Edexcel A-Level Economics, and Edexcel International A-Level Economics. Written by Jaisul Naik, UCL Economics graduate and A-Level Economics tutor since
Edexcel 15 mark question Discuss market-orientated strategies the Angolan government could use to improve development Edexcel A-Level Economics Paper 2 June 2023 Extract Discuss market-orientated strategies the Angolan government could use to improve development. (15 marks) Paragraph 1 One market-based strategy that the Angolan government can use to increase economic development is to reduce corporation taxes. Lower corporation taxes mean that firms
Edexcel 15 mark question Discuss the benefits of an increase in infrastructure spending on the UK economy Edexcel A-Level Economics Paper 1 June 2022 Extract With reference to Extract B, discuss the benefits of an increase in infrastructure spending on the UK economy. Use an aggregate demand and aggregate supply diagram to support your answer. (15 marks) Paragraph 1 One benefit of an increase in infrastructure
Edexcel 15 mark question Discuss ‘looser fiscal policy’ and ‘supply-side reforms’ that may be used by governments of Eurozone countries to increase economic growth Edexcel A-Level Economics Paper 1 June 2017 Extract Discuss ‘looser fiscal policy’ and ‘supply-side reforms’ (Extract A, lines 20 and 21) that may be used by governments of Eurozone countries to increase economic growth. (15 marks) Looser fiscal policy refers to expansionary fiscal policy, which is when the
Y12 Microeconomics Notes Free Market & Command Economies | A-Level Economics Notes These revision notes cover everything you need to know about Shutdown Points for A-Level Economics. They're designed for students studying AQA A-Level Economics, Edexcel A-Level Economics, and Edexcel International A-Level Economics. Written by Jaisul Naik, UCL Economics graduate and A-Level Economics tutor since
Y12 Microeconomics Notes The Basic Economic Problem | A-Level Economics Notes These revision notes cover everything you need to know about The Basic Economic Problem for A-Level Economics. They're designed for students studying AQA A-Level Economics, Edexcel A-Level Economics, and Edexcel International A-Level Economics. Written by Jaisul Naik, UCL Economics graduate and A-Level Economics
Edexcel 15 mark question Discuss policies businesses and government might implement to reduce labour immobility to benefit the energy sector Edexcel A-Level Economics Paper 1 June 2018 Extract With reference to Extract C and your own knowledge, discuss policies businesses and government might implement to reduce labour immobility to benefit the energy sector. (15 marks) Paragraph 1 1. One policy the government could implement to reduce labour market immobility
Edexcel 15 mark question Discuss methods of government intervention to protect consumers within the utilities markets, such as energy and telecommunications Edexcel A-Level Economics Paper 1 June 2019 Extract Discuss methods of government intervention to protect consumers within the utilities markets, such as energy and telecommunications. (15 marks) Paragraph 1 1. One method of government intervention that can protect consumers within utilities markets is price regulation. 2. Many firms in
AQA 10 mark question Explain how a shortage of labour might contribute to rising inflation AQA AS-Level Paper 2 June 2025 Insert Extract B (lines 6–7) states: ‘A shortage of labour is one of the factors that has contributed to rising inflation, threatening macroeconomic stability.’ Explain how a shortage of labour might contribute to rising inflation. (10 marks) Inflation is a rise in
Edexcel 15 mark question Discuss the decision by Jet2 to increase its package holiday prices Edexcel A-Level Economics Paper 1 June 2021 Extract With reference to the information provided, discuss the decision by Jet2 to increase its package holiday prices. (15 marks) Paragraph 1 1. The main reason Jet2 increased their package holiday prices is because they are profit-maximisers. 2. Profit-maximisation occurs
Edexcel 15 mark question Discuss the likely impact of price discrimination on a firm’s profits Edexcel A-Level Economics Paper 1 June 2023 Extract Using examples from Figure 2 or Extract B, discuss the likely impact of price discrimination on a firm’s profits. Use a relevant diagram to support your answer. (15 marks) Price discrimination can increase a firm's profits. It occurs
AQA 10 mark question Explain two factors that could cause a fall in the volume of UK exports AQA AS-Level Paper 2 June 2020 Insert Extract E (lines 9–10) states: ‘Inevitably, the volume of exports will fall, and it is highly likely that the trade deficit will increase further.’ Explain two factors that could cause a fall in the volume of UK exports. (10 marks) Exports
AQA 10 mark question Explain how monetary policy might help to prevent a downturn in the economic cycle AQA AS-Level Paper 2 June 2018 Insert Extract B (lines 9–11) states ‘The Bank of England’s Monetary Policy Committee loosened its monetary policy in an attempt to prevent a downturn in the economic cycle.’ Explain how monetary policy might help to prevent a downturn in the economic
AQA 15 mark question Explain the difference between complete and partial market failure AQA A-Level Economics Paper 1 June 2022 Explain the difference between complete and partial market failure. (15 marks) Complete market failure occurs when the free market fails to provide a good entirely, resulting in a missing market. This happens in the case of public goods, which are goods that
Edexcel 10 mark question Assess the view that ‘some level of inequality is desirable to maintain an appropriate incentive structure in the economy’ A-Level Economics Paper 2 June 2018 Extract Assess the view that ‘some level of inequality is desirable to maintain an appropriate incentive structure in the economy’ (Extract B, lines 19 and 20). (10 marks) On the one hand, inequality can be desirable to some extent. Some level of income