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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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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 …

Living standards vary significantly across the globe. Wealthy economies, such as the US have an average GDP per head (at PPP) of $59,495 in the US (IMF 2017) This compares to an average annual income as low as $808 Burundi. (IMF 2017) There are many reasons for these divergences in income including – historical trends, …

Supply of Labour

A look at factors that determine an individuals supply of labour and the market supply of labour. Higher wages usually will encourage a worker to supply more labour because work is more attractive compared to leisure. Therefore the supply curve for labour tends to be upwardly sloping. However, a worker isn’t just interested in earning …

Unemployment is defined as a situation where someone of working age is not able to get a job but would like to be in full-time employment. Note: If a mother left work to bring up a child or if someone went into higher education, they are not working but would not be classed as unemployed …

How does the minimum wage affect aggregate demand/aggregate supply and macroeconomic factors such as inflation, unemployment and economic growth? A minimum wage is the statutory minimum wage that employers can pay per hour. In 2019, the UK minimum wage was set at £8.21 an hour for workers over 25. In the US, the federal min …

Readers Question: how does a current account surplus affect domestic employment? A current account surplus means an economy is exporting a greater value of goods and services than it is importing. A country with a current account surplus will have a deficit on the financial/capital account. i.e. a country with a current account surplus will …

Gross pay is the total amount of pay received before any deductions. This will be the advertised salary, such as £20,000 a year. Net pay is the amount of pay after deductions for tax and pensions. Net pay can also be referred to as the ‘take-home pay’ it is the amount of money the worker …

A-Level Economics Essays

Tax Burden as % of GDP

Why is there so much global inequality?

Supply of Labour

Definition of Unemployment

Effect of minimum wage on economic growth, inflation and AD/AS

The effect of a current account surplus

The difference between Gross and Net Pay