Practice Makes Perfect

1.1.1 Economic Methodology

1.1.2 Nature and Purpose of Economic Activity

1.1.3 Economic Activity

1.1.4 Scarcity Choice and Allocation

1.1.5 PPF diagrams

1.2.1 Determinants of Demand

1.2.2 Price Income and Cross Elasticities (PED, YED, XED)

1.2.3 Determinants of Supply

1.2.4 Price Elasticity of Supply (PES)

1.2.5 Determinants of Market Equilibrium

1.2.6 Interrelationships between markets

1.3.1 Production and Productivity

1.3.2 Specialisation and Division of Labour

1.3.3 Costs of Production

1.3.4 Economies and Diseconomies of Scale

1.3.5 Costs Revenues and Profits

Behavioural Econ questions (AQA)

AQA MC Decision Making incl. Behavioural Econ.docx

1.5.1 Resource Allocation

1.5.2 Meaning of Market Failure

1.5.3 Public Private and Quasi-Public Goods

1.5.4 Positive and Negative Externalities

1.5.5 Merit and Demerit Goods

1.5.6 Market Imperfections      AQA MC Market Failure.docx

AQA – 9 markers – Property Rights Market Failure Public Ownership.docx

1.5.7 Inequitable Distribution

1.5.8 Govt Intervention in Markets    AQA MC Government Intervention.docx

1.5.9 Govt Failure   

2.1.1 Objectives of Govt Policy

2.1.2 Macroeconomic Indicators

2.1.3 Uses of Index Numbers

2.2.1 Circular Flow of Income

2.2.2 Analysis of AD and AS

2.2.3 Determinants of AD

2.2.4 Level of AD and Economic Activity

2.2.5 Determination of SRAS

2.2.6 Determination of LRAS

2.3.1 Economic Growth and the Economic Cycle

2.3.2 Employment and Unemployment

2.3.3 Inflation and Deflation

2.3.4 Balance of Payments (BOP)

2.3.5 Conflict between Macroeconomic Objectives

2.4.1 Monetary Policy

2.4.2 Fiscal Policy

2.4.3 Supplyside Policy

Here we have some Skeleton Answers for Micro and then below some Multiple Choice questions to test your knowledge:

10 Micro Skeleton and Model Answers JH.pdf

(above doc alludes to Min Wage and Trade Union essays below)

Trade Union Essay Model Answer JH.docx

Minimum Wage Essay Model Answer JH.docx

Below are (mostly) multiple choice questions from each topic:

Production and Productivity AQA MC.docx

Specialisation Div of Labour Functions of Money AQA MC.docx

Law of Diminishing Returns AQA MC.docx

Costs of Production AQA MC.docx

Economies of Scale AQA MC.docx

Marginal Average Total Concepts AQA MC.docx

Profit AQA MC.docx

Technological Change AQA MC.docx

Market Structures:AQA MC Competitive Markets and Monopoly.docx

AQA MC Labour Market.docx

AQA MC Distribution of Income and Wealth.docx

Poverty and Inequality: AQA MC Poverty and Inequality.docx

The below is a quick guide to the most common questions – and key points of an answer – occurring 2016-2023

10 Macro Exam Skeletonsv2.docx

Below we have some Multiple Choice questions to test your knowledge:

AQA MC Intro to Macro Concepts.docx

AQA MC Macro AD-AS Concepts.docx

AQA MC Macro Employment Inflation MEPOs Growth Conflicts.docx

AQA MC Macro Financial Markets and Monetary Policy.docx

AQA MC Macro Fiscal and Supply Side Policy.docx

AQA MC Globn BOP Development Trade Exch Rates.docx

Microeconomics Quizzes Y12 / First Year Econ:

 – to test yourself, can be taken as often as you like.

Introduction to Microeconomics

Laws of Supply, Demand and PPFs

Economic Thinkers and Systems

Specialisation, Division of Labour & Functions of Money

Supply and Demand, Market Equilbrium

Price Elasticity of Demand (PED)

Price Elasticity of Supply (PES)

Income Elasticity of Demand (YED)

Cross Elasticity of Demand (XED)

Revision All Elasticity Topics

Jan Test (S/D, Tax&Subsidy, Elasticity, Prod/Cons Surplus)

Microeconomics February Assessment

Public Goods

Market Failure

Market Failure INFORMATION GAPS

Government Intervention

Government Failure

Macroeconomics Quizzes Y12 / First Year Econ:

 – to test yourself, can be taken as often as you like; numbers in brackets ie (2.1) refer to AQA syllabus

Intro to Circular Flow of Income (2.1)

Intro to Macroeconomics and Circular Flow of Income (1.1->2.1)

GDP and Purchasing Power Parity (“PPP”) (1.4)

Unemployment Causes and Calculations (3.2)

Intro to Inflation (3.3)

Inflation (3.3)

Aggregate Demand (2.3, 2.4)

AD-AS (Macroeconomic Equilibrium) (2.2)

Fiscal Policy  (5.1)

Supply Side Policy (“SSP”) (5.2)

Monetary Policy (4.3)

Balance of Payments (6.3)

Phillips Curve (3.4)

Macro Quiz (60 Questions) (All)

Microeconomics Quizzes Y13 / Second Year Econ:

 – to test yourself, can be taken as often as you like.

Business Growth and Profit Calculation

Intro to Revenue

Revenue, Production/Costs and Profit

Perfect Competition

Monopolistic Competition

Oligopoly

All Market Structures

The Efficiencies (Dynamic, X, Allocative, Productive etc.)

Monopsony

Poverty and Inequality

Constraints on Development

Macroeconomics Quizzes Y13 / Second Year Econ:

 – to test yourself, can be taken as often as you like.

Globalisation

Ricardo, Absolute and Comparative Advantage

Terms of Trade

Specialisation and Trade

Restrictions on Trade, Trade BLOCS and the WTO

Quiz on completion of Trade section

Exchange Rate Systems

Protectionism (Trade)

International Competitiveness

Government (ie Public) Spending and Debt

Taxation

(Heads up: essay titles after #10 have better KAAE breakdown.)

Microeconomics (AQA) Essay Titles

Microeconomics (AQA) Essay Mark Schemes

Microeconomics (AQA) Essay Examiners Comments (quite short, but worth a look)

(Essay titles after #5 have better KAAE answers breakdown.  No examiners reports for Essays #1 – 5)

Macroeconomics (AQA) Essay Titles

Macroeconomics (AQA) Essay Mark Scheme

Macroeconomics (AQA) Examiners Reports (after essay #5)

Q31 – the 10 mark data response question – only found in Paper 3

Q31 2023 10 marker.docx

Q31 2022 10 marker.docx

Q31 2021 10 marker.docx

Q31 2020 10 marker.docx

Q31 2019 10 marker.docx

Q32 – the 15 marker – one single document, all the questions and mark schemes, examiners reports BUT you must see the extracts in the relevant year / 10 marker above

Q32 2020 to 2023 15 marker.docx

Q33 – the 25 marker – again, one single document, all the questions and mark schemes, examiners reports BUT you must see the extracts in the relevant year / 10 marker above

Q33 2020 to 2023 25 marker.docx

Micro Diagrams Questions SHS Y12.pptx

Micro Diagrams Answers SHS Y12.pptx

Micro Diagrams Questions SHS Y13.pptx

Micro Diagrams Answers SHS Y13.pdf