Edexcel 10 mark question Assess whether an increase in real income improves subjective happiness within the UK Edexcel A-Level Economics Paper 2 June 2022 Extract With reference to Figure 2, assess whether an increase in real income improves subjective happiness within the UK. (June 2022) 1. Overall, higher real incomes is most likely to improve subjective happiness. 2. Figure 2 shows that, as people earn more
Edexcel 10 mark question Assess the likely impact on the UK economy of an ‘increase in consumption’ Edexcel AS-Level Economics Paper 2 June 2020 Extract Assess the likely impact on the UK economy of an ‘increase in consumption’ (Extract A, lines 5–6). Use an aggregate demand and aggregate supply diagram in your answer. (10 marks) 1. An increase in consumption will lead to more economic
AQA 9 mark question Explain the impact of the increase in the number of students attending university on the market for student accommodation AQA A-Level Economics Paper 1 June 2024 Extract B (lines 3–4) states that ‘Universities have expanded the number of places on offer to students, but the supply of student accommodation is highly inelastic’. With the help of a diagram, explain the impact of the increase in the number
Edexcel 8 mark question Examine two causes of the high cost of transporting goods between African countries Edexcel A-Level Economics Paper 1 June 2023 Extract With reference to Extract A, examine two causes of the high cost of transporting goods between African countries. (8 marks) One cause of the high transportation costs might be poor infrastructure. Poor infrastructure such as transport links means that it takes
Edexcel 8 mark question Examine two likely causes of income inequality within the UK Edexcel A-Level Economics Paper 2 June 2022 Extract With reference to Figure 1 and Extract A, examine two likely causes of income inequality within the UK. (8 marks) One explanation for the UK’s income inequality is poor transport and infrastructure. Poor transport makes it harder for people outside
Edexcel 8 mark question Examine two ways, apart from Fairtrade schemes, in which cocoa farmers could boost their incomes despite the falling price of cocoa Edexcel A-Level Economics Paper 2 June 2020 Extract Examine two ways, apart from Fairtrade schemes, in which cocoa farmers could boost their incomes despite the falling price of cocoa. (8 marks) Farmers can invest in machinery. Extract A mentioned that cocoa prices fell by a third and that farmers
Edexcel 8 mark question Examine the likely impact of Thomas Cook’s plan ‘to reduce their airline emissions’ on the social optimum position Edexcel A-Level Economics Paper 1 June 2021 Extract Examine the likely impact of Thomas Cook’s plan ‘to reduce their airline emissions’ (Extract B, line 6) on the social optimum position. Use an appropriate externalities diagram in your answer. (8 marks) As Thomas Cook reduces their airline emissions, the
Edexcel 8 mark question Examine two effects of increased ‘automation’ on the demand for labour Edexcel A-Level Economics Paper 1 June 2025 Extract With reference to Extract C, examine two effects of increased ‘automation’ on the demand for labour. (8 marks) Firstly, increased automation is initially likely to lead to a decrease in the demand for workers in many job markets. For example, the
Edexcel 8 mark question Examine the likely impact of the change in the sterling exchange rate on the UK economy Edexcel A-Level Economics Paper 2 June 2019 Extract With reference to Extract A and Figure 1, examine the likely impact of the change in the sterling exchange rate on the UK economy. (8 marks) One likely impact of the currency depreciation is an increase in economic growth. The extract
Edexcel 8 mark question Examine two factors which might influence the supply of labour in the electronics industry Edexcel A-Level Economics Paper 1 June 2024 Extract Examine two factors which might influence the supply of labour in the electronics industry. (8 marks) One factor which could affect the supply of labour in electronics is the nature of skills required. Extract B states that jobs are now requiring
Edexcel 8 mark question Examine the likely numerical value of the cross elasticity of demand between UK online streaming services Edexcel A-Level Economics Paper 1 June 2023 Extract With reference to the information provided, examine the likely numerical value of the cross elasticity of demand between UK online streaming services. (8 marks) Cross elasticity of demand (XED) is the percentage change in the demand of a good, by the
Edexcel 8 mark question Examine two factors that may cause significant changes in the international price of coffee beans Edexcel A-Level Economics Paper 1 June 2022 Extract With reference to Figure 2 and your understanding of price elasticity, examine two factors that may cause significant changes in the international price of coffee beans. (8 marks) One factor that might have caused an increase in the price of coffee
Edexcel 8 mark question Examine two possible factors which may have influenced demand for rail travel since 2008 Edexcel A-Level Economics Paper 1 June 2020 Extract With reference to Figure 2, examine two possible factors which may have influenced demand for rail travel since 2008. (8 marks) One factor that might have caused an increase in the demand for rail travel since 2008 might have been an
Edexcel 8 mark question Examine two possible reasons for the change in price elasticity of demand for electricity over time Edexcel A-Level Economics Paper 1 June 2018 Extract The price elasticity of demand for electricity in the UK is estimated to be -0.35 in the short run and -0.85 in the long run. With reference to Extract A and your own knowledge, examine two possible reasons for
Edexcel 8 mark question Examine two likely benefits for the Rwandan economy of the growth in the country’s population Edexcel A-Level Economics Paper 2 June 2021 Extract With reference to the information provided, examine two likely benefits for the Rwandan economy of the growth in the country’s population. (8 marks) One likely benefit from population growth is an increase in the rate of economic growth. Rwanda'
Edexcel 8 mark question Examine the likely impact of the ‘freeze in income tax thresholds’ on aggregate demand Edexcel A-Level Economics Paper 2 June 2024 Extract With reference to Figure 4 and Extract A, examine the likely impact of the ‘freeze in income tax thresholds’ (Extract A line 1) on aggregate demand. (8 marks) A freeze in income taxes is likely to cause a decrease in aggregate
Edexcel 8 mark question Examine two factors influencing the short‑run aggregate supply of the German economy Edexcel A-Level Economics Paper 2 June 2025 Extract With reference to Extract A, examine two factors influencing the short‑run aggregate supply of the German economy. (8 marks) One factor that might have caused a decrease in short-run aggregate supply (SRAS) in the German economy could be the
Edexcel 12 mark question Discuss the likely effectiveness of ‘measures to open up and increase competition’ in the UK energy market Edexcel A-Level Economics Paper 1 June 2018 Extract With reference to Extract A, discuss the likely effectiveness of ‘measures to open up and increase competition’ in the UK energy market. (12 marks) A 'temporary price cap' is likely to be effective as it should make the UK
Edexcel 12 mark question Discuss the possible impact of supermarket monopsony power on both food suppliers and consumers Edexcel A-Level Economics Paper 1 June 2017 Extract With reference to Figure 2 and Extract A, discuss the possible impact of supermarket monopsony power on both food suppliers and consumers. (12 marks) Monopsony power is where a buyer in a market has significant bargaining power when buying factors of
Edexcel 12 mark question Discuss one likely reason for the rise in BT’s profit Edexcel A-Level Economics Paper 1 June 2019 Extract Discuss one likely reason for the rise in BT’s profit (Figure 2, Extracts B and C). Use a cost and revenue diagram to support your answer. (12 marks) One main reason that Extract B mentions that BT 'reported a
Edexcel 12 mark question Discuss whether the rail network can be considered to be a natural monopoly Edexcel A-Level Economics Paper 1 June 2020 Extract With reference to Extract A, paragraph 3, discuss whether the rail network can be considered to be a natural monopoly. (12 marks) On the one hand, the rail network can be considered a natural monopoly. This is a market structure where
Edexcel 12 mark question Discuss the likely private and external benefits of viewing educational websites and TV programmes Edexcel A-Level Economics Paper 1 June 2023 Extract With reference to Extract C, discuss the likely private and external benefits of viewing educational websites and TV programmes. (12 marks) Private benefit is the benefit directly to the consumer, whereas external benefit is the benefit to a third party from
Edexcel 12 mark question Discuss the proposed government subsidy to prevent Thomas Cook from reaching its shut-down point Edexcel A-Level Economics Paper 1 June 2021 Extract With reference to Extract C, discuss the proposed government subsidy to prevent Thomas Cook from reaching its shut-down point. (12 marks) One reason in favour of the proposed subsidy is that it could have prevented Thomas Cook from shutting down
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