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# Edexcel A-Level Economics Paper 3 Checklist
- URL: https://www.a-level-economics-tutor.com/edexcel-a-level-economics-paper-3-checklist/
- Published: 2026-05-28T11:17:14.000Z
- Updated: 2026-05-28T11:17:14.000Z
- Author: Jaisul Naik
- Tags: Edexcel Exam Technique

### Microeconomic effects

1. costs and revenue
2. externalities
3. labour demand or labour supply
4. occupational and geographical mobility of labour

### Macroeconomic effects

1. AD/SRAS/LRAS
2. Tariffs/removing tariffs
3. Development

### Microeconomic policies

**Market failure**

1. indirect taxes
2. subsidies
3. maximum prices
4. minimum prices
5. pollution permits

**Market structures**

1. tax breaks for small businesses
2. subsidies for small businesses
3. deregulation to help small businesses
4. price controls
5. performance targets and quality standards

**Labour markets**

1. minimum wage
2. training schemes to reduce occupational immobility of labour
3. transport links to reduce geographical immobility of labour

### Macroeconomic policies

**Reduce inflation**

1. Contractionary monetary policy
2. Contractionary fiscal policy
3. Supply-side policies

**Increase economic growth/ reduce unemployment**

1. Expansionary monetary policy or quantitative easing
2. Expansionary fiscal policy
3. Supply-side policies

**Reduce national debt**

1. Cut spending
2. Increase taxes

**Reduce current account deficit**

1. supply-side policies
2. currency devaluation
3. protectionism

**Reduce inequality**

1. make income taxes more progressive
2. education and training

**Increase development**

1. promote FDI
2. protectionism

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