A-Level Economics Model Paragraphs

A-Level Economics Model Paragraphs for all exam boards

Year 12 Microeconomics

Markets

1. Explain the causes of a price change
2. Explain the functions of the price mechanism

Market failure and government intervention

1. Explain the cause of complete market failure
2. Explain the causes of partial market failure
3. Evaluate the the measures that can be used to correct negative externalities
4. Evaluate the measures that can be used to correct positive externalities
5. Evaluate whether the government should intervene in a market

Year 12 Macroeconomics

Macroeconomic objectives

1. Explain the effects of inflation
2. Explain the effects of deflation

Macroeconomic policies

1. Discuss the best policies to prevent deflation
2. Discuss the best policies to reduce inflation
3. Discuss the best policies to reduce cyclical unemployment
4. Discuss the best policies to reduce structural unemployment
5. Discuss the best policies to increase economic growth
6. Discuss the best policies to increase potential growth
7. Supply-side policies

Macroeconomic objectives and trade-offs

1. Discuss the possible trade-offs when trying to reduce inflation
2. Discuss the possible trade-offs when trying to prevent deflation
3. Discuss the possible trade-offs when trying to achieve greater economic growth
4. Discuss the possible trade-offs when trying to reduce unemployment

Year 13 Microeconomics

Costs and revenue

1. Evaluate whether profit maximisation is the most realistic business objective

Market structures

1. Discuss the advantages and disadvantages of monopoly power
2. Discuss the advantages and disadvantages of monopolistic competition
3. Discuss the advantages and disadvantages of an oligopoly
4. Discuss the advantages and disadvantages of nationalisation and privatisation

Labour markets

1. Explain the causes of wage differentials

Year 13 Macroeconomics

Globalisation and trade

1. Discuss the advantages and disadvantages of globalisation, free trade and protectionism

Current account and exchange rates

1. Explain the causes of a currency appreciation
2. Explain the causes of a currency depreciation
3. Discuss the macroeconomic impact of a currency depreciation
4. Discuss the macroeconomic impact of a currency appreciation
5. Discuss whether a current account deficit is a cause for concern
6. Discuss the measures that can be used to reduce a current account deficit

Economic development

1. Explain the main barriers to economic development

Macroeconomic objectives and trade-offs

1. Discuss the possible trade-offs when trying to reduce the budget deficit
2. Discuss the possible trade-offs when trying to reduce the current account deficit
3. Discuss the possible trade-offs when trying to reduce inequality
4. Discuss the possible trade-offs when trying to achieve environmental protection

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