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A-Level Economics

Tips

A-Level Economics (9708) splits in two. Microeconomics: scarcity, the price system, elasticity, market failure, government intervention. Macroeconomics: national income, the multiplier, inflation, unemployment, growth, policy and trade. A2 goes deeper into the same ground rather than adding new ground.

The skill being tested is not recall. It is draw the diagram, then evaluate. An answer that describes a policy scores badly. An answer that says what the policy does, draws the diagram, then says when it would not work scores well.

"It depends on" is not hedging here — the conditions are exactly where the evaluation marks live.

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Past Papers
  • 1

    Basic economic ideas and resource allocation

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    • 1.1 The fundamental economic problem
    • 1.2 Thinking like an economist
    • 1.3 Factors of production
    • 1.4 Economic systems
    • 1.5 Production possibility curves
    • 1.6 Types of goods and services
    • 1.6 Exam tips
  • 2

    The price system and the microeconomy

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    • 2.1 Demand
    • 2.1 Supply
    • 2.2 Price elasticity of demand
    • 2.2 Income elasticity of demand
    • 2.2 Cross elasticity of demand
    • 2.3 Price elasticity of supply
    • 2.4 The interaction of demand and supply
    • 2.5 Consumer and producer surplus
    • 2.3 2.4 Data-response practice (Paper 2 style)
    • 2.3 2.4 Exam tips
  • 3

    Government microeconomic intervention

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    • 3.1 Why markets fail
    • 3.2 Methods of government intervention
    • 3.3 Income and wealth inequality
    • 3.1 3.2 Data-response practice (Paper 2 style)
    • 3.1 3.2 Exam tips
  • 4

    The macroeconomy

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    • 4.1 National income statistics
    • 4.2 The circular flow of income
    • 4.3 Aggregate demand and aggregate supply
    • 4.4 Economic growth
    • 4.5 Unemployment
    • 4.6 Price stability
    • 4.5 4.6 Data-response practice (Paper 2 style)
    • 4.5 4.6 Exam practice and checks
  • 5

    Government macroeconomic intervention

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    • 5.1 Macroeconomic policy objectives
    • 5.2 Fiscal policy
    • 5.3 Monetary policy
    • 5.4 Supply-side policy
    • 5.4 Policy judgement and retrieval
  • 6

    International economic issues

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    • 6.1 Why countries trade
    • 6.2 Protectionism
    • 6.3 The balance of payments
    • 6.4 Exchange rates
    • 6.5 Correcting a current account deficit
    • 6.2 Data-response practice (Paper 2 style)
    • 6.2 Apply and review
  • 7

    The price system and the microeconomy (A Level)

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    • 7.1 Utility and consumer choice
    • 7.2 Indifference curves and budget lines
    • 7.3 Efficiency and market failure
    • 7.4 Externalities and social costs and benefits
    • 7.5 Costs, revenue and profit
    • 7.6 Market structures
    • 7.7 The growth and survival of firms
    • 7.8 The objectives of firms
    • 7.8 Exam tips
  • 8

    Government microeconomic intervention (A Level)

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    • 8.1 Correcting market failure
    • 8.2 Equity and redistribution
    • 8.3 Labour markets
    • 8.3 Exam application
  • 9

    The macroeconomy (A Level)

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    • 9.1 The circular flow and the multiplier
    • 9.2 Economic growth and sustainability
    • 9.3 Employment and unemployment
    • 9.4 Money and banking
    • 9.1 Model essay plan (Paper 4 style)
    • 9.1 Exam tips
  • 10

    Government macroeconomic intervention (A Level)

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    • 10.1 Objectives and the tools to reach them
    • 10.2 Links and trade-offs between objectives
    • 10.3 The effectiveness of policy
    • 10.2 10.3 Model essay plan (Paper 4 style)
    • 10.2 10.3 Exam tips
  • 11

    International economic issues (A Level)

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    • 11.1 Correcting a balance of payments imbalance
    • 11.2 Exchange rates
    • 11.3 Economic development
    • 11.4 Comparing countries at different levels of development
    • 11.5 Relationships between countries
    • 11.6 Globalisation
    • 11.1 11.2 Model essay plan (Paper 4 style)
    • 11.1 11.2 Exam tips

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