A-Level Economics Model Paragraphs
I will be updating this page throughout the year with model paragraphs (including key points, diagram, analysis, and evaluation) for all topics stated below.
This is to help students feel confident writing paragraphs for each topic, and also realise that it doesn't take much to write a perfect exam answer - as most exam answers would be made up by a combination of these model paragraphs.
A-Level Microeconomics Model Paragraphs
- Factors of demand and supply
- Economies of scale
- Behavioural economics
- Market failure
- Market failure in public goods
- Market failure with externalities
- Government intervention
- Indirect tax
- Subsidy
- Maximum price
- Minimum price
- Provision of info for demerit goods
- Provision of info for merit goods
- Behavioural economics for demerit goods
- Market structures
- Monopoly
- Monopolistic competition
- Perfect competition
- Competitive oligopoly
- Collusive oligopoly
- Price discrimination
- Regulation of monopolies
- Privatisation
- Nationalisation
- Labour markets
- Causes of wage differentials
- Minimum wage to correct wage differentials in a free labour market
- Minimum wage to correct wage differentials in a monopsony labour market
A-Level Macroeconomics Model Paragraphs
- The four main macroeconomic objectives
- Consequences of high inflation
- Consequences of deflation
- Consequences of high unemployment
- Consequences of economic growth
- Demand-side and Supply-side Policies
- Contractionary fiscal policy
- Expansionary fiscal policy
- Contractionary monetary policy
- Expansaionary monetary policy
- Supply side policy to correct high inflation
- International Economics
- Absolute advantage and comparative advantage theory
- Tariffs