Contents
Model Answers
- Explain why pollution may represent a market failure. [9 marks]
- Explain possible reasons why firms may experience economies of scale. [15 marks]
- Evaluate the view that businesses should always aim to maximise profits. [25 marks]
- Evaluate possible methods for the government to intervene in markets with negative externalities, such as markets for petrol and diesel cars. [25 marks]
- Evaluate whether price discrimination is beneficial. [25 marks]
- Evaluate the consequences of income inequality. [25 marks]
- Evaluate the view that privatisation of the water industry has been beneficial. [25 marks]
- Sugar taxes: essay structure guide and model answer. [25 marks]
Notes
Please see below notes by topic, according to the AQA Economics A-Level syllabus (work in progress).
Economic methodology and the economic problem
Introduction. This includes:
- Economic methodology
- The nature and purpose of economic activity;
- Economic resources;
- Scarcity, choice and the allocation of resources
Production possibility diagrams
Demand and price elasticity of demand
Supply and price elasticity of supply
Individual economic decision making
Behavioural economic policies – nudges
Market structures
Labour markets
Government intervention
Privatisation and nationalisation
Miscellaneous
- Sample essay question and mark scheme – in the style of Paper 1 AQA Economics: microeconomics.
- Evaluating for AQA Economics with a microeconomics example.
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