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A-Level Economics Essays

50 A-Level economic essays and model answers.
Comprehensive answers which illustrate – how to answer the question, how to effectively evaluate and get a high A grade.
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All questions are taken from past exam papers. I have chosen questions which are appropriate for all exam boards. Updated 2019.
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Mercantilism theory and examples

Definition: Mercantilism is an economic theory where the government seeks to regulate the economy and trade in order to promote domestic industry – often at the expense of other countries. Mercantilism is associated with policies which restrict imports, increase stocks of gold and protect domestic industries. Mercantilism stands in contrast to the theory of free …

A fixed exchange rate occurs when a country keeps the value of its currency at a certain level against another currency. Often countries join a semi-fixed exchange rate, where the currency can fluctuate within a small target level. For example, the European Exchange Rate Mechanism ERM was a semi-fixed exchange rate system. Summary The idea …

Gary Becker (1930 – 2014) was an American economist who helped to spread economics into fields of social science, such as sociology, demography and criminology. Becker undertook economic analysis in areas such as racial discrimination, the incentives of crime, drug addiction and family relationships. Becker also helped to popularise and develop the concept of human …

The tax burden refers to the share of GDP that is collected in different forms of tax within an economy. For example, in an economy with a size of £1,000bn – if the government collects tax of £300bn, then the tax burden will be 30%. The tax burden gives a strong guide to the extent …

A kinked demand curve occurs when the demand curve is not a straight line but has a different elasticity for higher and lower prices. One example of a kinked demand curve is the model for an oligopoly. This model of oligopoly suggests that prices are rigid and that firms will face different effects for both …

The qualities of a good tax

There are different ways for the government to raise tax revenue. While tax is often unpopular, economists set criteria for what makes a ‘good’ and ‘fair’ tax. This includes – fairness, easy to collect, non-distortionary and increases social welfare. Principles of a good tax include Vertical equity – Fair. Vertical equity is concerned with setting …

Readers Question: I have to debate why multinational corporations are good for developing countries, and I know the arguments for them being bad are strong so are there any really good positive arguments I could use to smash the opposition? Multinational companies like Nike, Sony, Apple, Toyota, Coca-Cola all have investments and operations in developing …

A-Level Economics Essays

Mercantilism theory and examples

Advantages of fixed exchange rates

Major contributions of Gary Becker economist

Tax Burden as % of GDP

Kinked demand curve

The qualities of a good tax

Multinational Corporations in Developing Countries