AQA A-Level Economics | Model Essays | 25 Marks | Checklist

Predicted Essays for AQA A Level Economics

Year 12 Micro

  • Why government intervention is necessary for XYZ? (typical market failures like housing, pollution, tobacco, alcohol, vaccines, and education)
  • Why is it better to leave XYZ to the free market?
  • What is the best government intervention for XYZ? (taxes/ subsidies/ min price/ max price/ provision of information/ regulation./ property rights)

Year 13 Micro

  • Arguments for and against each market structure? (perfect, oligopoly, monopoly, natural monopoly, monopolistic competition; weigh them up using productive, allocative, dynamic efficiency, and contestability)
  • Should gov intervene to reduce wealth or income inequality or wage differentials or poverty?
  • Best policies to reduce inequality or poverty? (encourage trade union membership, education and training, minimum wage, progressive taxes and benefits)
  • Privatisation vs nationalisation?
  • Price discrimination?
  • Is profit maximisation the main objective/ divorce of ownership and control

Year 12 Macro

  • Any possible conflicts in the four macroeconomic objectives?
  • The best policies to achieve those objectives?
  • Should government reduce the current account deficit?

Year 13 Macro

  • Sources of financial market failure?
  • Methods for financial market regulation?
  • Fixed exchange rates vs floating exchange rates?
  • Protectionism (tariffs/ EU membership) is good or bad?
  • Globalisation, free trade and MNCs being good or bad?
  • Best ways to promote economic development?