AQA A-Level Economics | Every 15 Marker

Paper 1

Explain how price and output are determined for a firm in a monopolistically competitive market, in both the short run and the long run. (June 2017)

Explain the main causes of poverty in the UK. (June 2017)

Explain why, in a free market, sugary drinks may be overconsumed. (June 2017)

Explain why the use of petrol and diesel cars may be a source of market failure. (June 2018)

Explain how the Lorenz curve and Gini coefficient may be used to illustrate increasing income inequality in a country. (June 2018)

Explain the role of profit in a market economy. (June 2018)

Explain how rules of thumb and irrationality can affect consumers’ demand for goods and services. (June 2019)

Explain the factors a profit-maximising firm will take into account when deciding whether to shut down or to carry on operating, both in the short run and in the long run. (June 2019)

Explain how the impact of a minimum price for a good or service is affected by its price elasticity of demand and its price elasticity of supply. (June 2019)

Explain how the imposition of a tax on a good or service affects both consumer surplus and producer surplus. (June 2020)

Explain how a production possibility diagram can be used to illustrate some features of the fundamental economic problem. (June 2020)

Explain why imperfect information can lead to market failure. (June 2020)

Explain how perfect competition should lead to outcomes which are both productively and allocatively efficient. (November 2021)

Explain how the concept of cross elasticity of demand can be used to understand the relationship between markets. (November 2021)

Explain how a firm may benefit from both internal and external economies of scale. (November 2021)

Explain how the price mechanism allocates resources in a market economy. (June 2022)

Explain the difference between complete and partial market failure. (June 2022)

Explain the main causes of inequality in the distribution of pre-tax incomes. (June 2022)

Explain why firms, such as Apple, might be able to charge different prices for the same product in different markets. (Specimen)

Using examples to illustrate your answer, explain how anchoring and loss aversion can affect an individual’s choices when deciding how to spend or save their income. (Specimen)

Explain why, in the absence of government intervention, too many journeys are likely to be made by road and too few by rail. (Specimen)

Paper 2

Explain how government policies can reduce the natural rate of unemployment. (June 2017)

Explain the possible reasons for changes in the pattern of trade between the UK and the rest of the world. (June 2017)

Explain how changes in both government spending and taxation might affect the level of economic activity. (June 2017)

Explain the main barriers that LEDCs face when attempting to achieve stable, long-term economic growth. (June 2018)

Explain how fiscal policy can be used to try to improve the supply side of an economy. (June 2018)

Explain the causes of cyclical and structural unemployment. (June 2018)

Explain why the value of a currency may fall in a floating exchange rate system. (June 2019)

Explain how the monetary policy transmission mechanism works when the Monetary Policy Committee (MPC) raises Bank Rate. (June 2019)

Explain the main causes of a rise in inflation. (June 2019)

Explain the possible causes of a falling budget deficit. (June 2020)

Explain how demand-side and supply-side shocks might increase unemployment in an economy. (June 2020)

Explain how an appreciation of its currency is likely to affect a country’s rate of economic growth. (June 2020)

Explain how a government or central bank can intervene to prevent the value of its currency rising. (November 2021)

Explain the main causes of rising consumption in an economy. (November 2021)

Explain the role of commercial banks in the economy. (November 2021)

Explain how expenditure-switching policies can be used to reduce a deficit on a country’s balance of trade in goods and services. (June 2022)

Explain the main problems for an economy of having a large positive output gap. (June 2022)

Explain reasons for changes in the value of exports from the UK to the rest of the world. (June 2022)

Explain why economic growth is a key objective of UK Government economic policy. (Specimen)

Explain the possible demand-side consequences of an increase in taxation in the UK. (Specimen)

Using examples to illustrate your answer, explain the difference between economic growth and economic development. (Specimen)