40 Exam-style questions and full answers aligned to the Pearson Edexcel Economics A (9EC0) specification. The model answers are written to demonstrate the depth, application, analysis, diagram use and informed judgement associated with top-level 25-mark responses.

Designed to be used as a resource for teachers and students to achieve top grades for the long form essay question.

Theme 1 - Introduction to markets and market failure
• Question 1: Indirect Taxes and Demerit Goods
• Question 2: Subsidies and Positive Externalities
• Question 3: Minimum Prices and Alcohol
• Question 4: Maximum Rent Controls
• Question 5: Behavioural Economics: Nudges versus Taxation
• Question 6: Asymmetric Information in Insurance
• Question 7: Price Elasticity of Demand and Rail Fares
• Question 8: Price Elasticity of Supply and Housing
• Question 9: Free Markets versus Government Intervention
• Question 10: Carbon Tax versus Tradable Permits
Theme 2 - The UK economy: performance and policies
• Question 11: Higher Interest Rates and Inflation
• Question 12: Expansionary Fiscal Policy and Unemployment
• Question 13: Supply-Side Policies and Long-Run Growth
• Question 14: Exchange-Rate Depreciation and the Current Account
• Question 15: Real GDP per Capita and Living Standards
• Question 16: Demand-Side versus Supply-Side Policies for Unemployment
• Question 17: Inflation and Unemployment Trade-Off
• Question 18: Persistent Current Account Deficits
• Question 19: Government Debt and Austerity
• Question 20: Progressive Taxation and Income Inequality
Theme 3 - Business behaviour and the labour market
• Question 21: Monopoly Power and Consumer Welfare
• Question 22: Third-Degree Price Discrimination
• Question 23: Game Theory and Oligopoly
• Question 24: Contestability and Market Performance
• Question 25: Horizontal Mergers
• Question 26: Minimum Wage and Employment
• Question 27: Trade-Union Power
• Question 28: Government Intervention in Monopsonistic Labour Markets
• Question 29: Business Objectives in Imperfect Competition
• Question 30: Price-Cap Regulation of a Natural Monopoly
Theme 4 - A global perspective
• Question 31: Free Trade and Protectionism
• Question 32: Regional Trading Blocs
• Question 33: Fixed versus Floating Exchange Rates
• Question 34: FDI and Economic Development
• Question 35: Aid versus Trade for Development
• Question 36: Economic Development and Inequality
• Question 37: Financial-Sector Regulation
• Question 38: Government Debt and Long-Run Growth
• Question 39: Globalisation and the Distribution of Gains
• Question 40: Market-Oriented versus Interventionist Development Strategies