A-Level Economics Model Paragraphs

Year 12 Microeconomics

1. Explain two causes of a price change
2. Explain the functions of the price mechanism to correct excess demand
3. Explain the functions of the price mechanism to correct excess supply
4. Explain complete market failure
5. Explain the effects of postive externalities in consumption
6. Explain the effects of negative externalities in production
7. Evaluate the effectiveness of an indirect tax on demerit goods
8. Evaluate the effectiveness of a subsidy on merit goods
9. Evaluate the effectiveness of a maximum price on merit goods
10. Evaluate the effectiveness of a minimum price on demerit goods
11. Evaluate the effectiveness of pollution permits
12. Evaluate the effectiveness of provision of information

Year 13 Microeconomics

1. Evaluate the advantages of monopolies
2. Evaluate the disadvantages of monopolies
3. Evaluate the advantages of monopolistic competition
4. Evaluate the disadvantages of monopolistic competition
5. Evaluate the advantages of perfect competition
6. Evaluate the disadvantages of perfect competition
7. Discuss the effects of technological change on perfect competition
8. Evaluate the impact of collusion
9. Discuss the impact of non-price competition
10. Discuss the benefits of a natural monopoly
11. Discuss whether there is natural monopolies should be regulated
12. Explain two causes of wage differentials
13. Discuss the impact of a minimum wage on a perfect labour market
14. Discuss the impact of a minimum wage on a monopsony labour market
15. Discuss the impact of education and training on labour markets
16. Discuss the impact of infrastructure spending on labour markets

Year 12 Macroeconomics

1. Explain the causes of an increase in aggregate demand
2. Explain the causes of a decrease in short-run aggregate supply
3. Explain Explain the effects of an increase in aggregate demand
4. Explain the effects of an decrease in aggregate demand
5. Evaluate the use of fiscal policy during a recession
6. Evaluate the use of monetary policy during a recession
7. Evaluate the use of supply-side policies to increase economic growth
8. Evaluate the use of fiscal policy to reduce inflation
9. Evaluate the use of monetary policy to reduce inflation
10. Evaluate the use of supply-side policies to reduce inflation

Year 13 Macroeconomics

1. Evaluate the advantages of free trade
2. Evaluate the advantages of globalisation
3. Discuss the effects of tariffs on the economy
4. Discuss the negative effects of a current account deficit on macroeconomic performance
5. Discuss the effects of a persistent current account deficit
6. Discuss two effects of a currency depreciation
7. Discuss two effects of a currency appreciation
8. Discuss two causes of a currency depreciation
9. Discuss two causes of a currency appreciation
10. Discuss the advantages of a floating exchange rate
11. Discuss the advantages of a fixed exchange rate
12. Explain how the central bank can devalue a currency
13. Explain the effect of the savings gap on a developing country
14. Explain two reasons why a developing country should not over-rely on primary products
15. Evalaute the benefits of FDI to a developing country
16. Evaluate the benefits of protectionism to a developing country

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