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January 14th, 2009 — as questions
I have produced a Revision Guide of 30 model AS level essays. These will help AS Economics students understand what is required to write a top grade answer. It includes simple explanations of basic concepts. Relevant evaluation. Relevant diagrams.
It costs £6 and is sent by email in pdf format.
I also sell a revision guide for both AS and A2 economics for £7
May 5th, 2008 — as questions
Readers Question: Which of the following, other things the same, would make the price level decrease and real GDP increase?
A. long-run aggregate supply shifts right
B. long-run aggregate supply shifts left
C. aggregate demand shifts right
D. aggregate demand shifts left
Diagram of AS shift to the right
In this diagram the AS curve shifts to the right, increase Real Output and decreasing the price level. This could occur due to increased productivity, better technology or improved supply side policies in the economy.
April 15th, 2008 — as questions
The AS Economics revision guide is quite suitable for GCSE Economics. Sometimes I have recommended a GCSE textbook to my AS students. There is little difference between the AS syllabus and the GCSE syllabus. In fact, the GCSE syllabus is a little more extensive than the AS syllabus. It includes topics such as comparative advantage, not usually on AS syllabus.
GCSE Economics by N.Proctor
GCSE Economics by A. Anderton
March 24th, 2008 — as questions
Hi, I am 15 at the moment at currently doing my GCSE’s. I am considering taking a-level economics along with maths, biology and chemistry. I am yet undecided as to what career i would like to pursue and think that the mentioned choice of subjects would keep my options open.
Could you tell me the ratio between coursework and exam for Edexcel board please? I cannot seem to find this information.
There is no Course work for Edexcel Economics. 
There is an option to do coursework for AQA, but, I’m not sure whether it is in the new syllabus starting next year. The main change for the new syllabus is that students will do 4 exams (2AS and 2A2) instead of 6. I think this is a good change.
Personally, I do not like coursework. Students usually either:
The questions on this blog give an indication of the type of topics involved in A level economics.
March 18th, 2008 — as questions
For some reason I stopped getting email notification of comments and questions. When I checked today I found 30 comments waiting to be answered! I will try and answer them soon. But, apologies for not seeing them earlier.
January 11th, 2008 — as questions
the case for and against relying on the market mechanism to produce clean alternatives sources of energy that can replace fossil fuels such as oil and coal. (15)
Fossil Fuels are non renewable resources. Therefore, as they run out, the price will rise. This will create an incentive for firms to look for alternative sources of energy. (draw supply and demand diagram) As prices rise consumers will look for alternatives.
However, fossil fuels create negative externalities (pollution). The market mechanism fails to take these externalities into consideration. There is over consumption of negative externalities in a free market.
If an alternative fuel is clean, it creates positive externalities (less global warming) however, firms may not have sufficient incentive to develop these alternatives because they don’t get rewarded for the positive externalities of being clean. Continue reading →
