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
  • Public goods
  • Externalities
• Government intervention
  • Indirect tax
  • Subsidy
  • Maximum price
  • Minimum price
  • State provision
  • Provision of info for demerit goods
  • Provision of info for merit goods
  • Behavioural economics for demerit goods
• Market structures
  • Monopoly
  • Natural monopoly
  • Monopolistic competition
  • Perfect competition
  • Competitive oligopoly
  • Collusive oligopoly
  • Price discrimination
  • Regulation of monopolies
  • Privatisation
  • Nationalisation
• Labour markets
  • Causes of wage differentials
  • Government intervention and trade union impact
    • Minimum wage in a competitive labour market
    • Minimum wage in a monopsony labour market
    • Education and training in a competitive labour market

A-Level Macroeconomics Model Paragraphs

• The four main macroeconomic objectives
  • Impact of high inflation
  • Impact of deflation
  • Impact of high unemployment
  • Economic growth
• Demand-side and Supply-side Policies
  • Multiplier and accelerator
  • Contractionary fiscal policy
  • Expansionary fiscal policy
  • Contractionary monetary policy
  • Expansionary monetary policy
  • Supply side policy to correct high inflation
• International economics
  • Impact of a current account deficit
  • Impact of a current account surplus
  • Causes of a currency depreciation
  • Causes of a currency appreciation
  • Impact of a currency depreciation
  • Impact of a currency appreciation
  • Floating exchange rates
  • Fixed exchange rates
  • Impact of free trade
  • Impact of protectionism
  • Ways to reduce a current account deficit
• Economic development
  • Factors
    • Primary product dependency
    • Savings gap
    • Currency gap
    • Capital flight
    • National debt
    • Access to credit
    • Poor infrastructure, education and skills
    • Absence of property rights
  • Strategies to promote economic development
    • Promotion of FDI
    • Trade liberalisation
    • Managed exchange rates
    • Infrastructure development
• Financial markets
  • Causes of financial market failure
  • Reducing the risk of financial market failure