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Edexcel Economics alevel Paper 1 summary exam questions
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Edexcel economics alevel , full summary of main Section B, and C exam questions , plus section A box with area to put notes
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EDEXCEL ECONOMICS A WEBSITE LINK : ->Edexcel AS and A level Economics A 2015 | Pearson qualificationsPaper 1
Section A Section B + C Notes
2023
1 2022 (a) Reference Figure 1, calculate the three-firm concentration ratio for branded coffee shop chains.(5)
(b) Reference Figure 2 & price elasticity, examine two factors that may cause significant changes in the international price of coffee beans.(8)
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(c) Profit maximisation is assumed to be the business objective of most firms.Using Extract A, assess whether this is the case for coffee shop owners.(10)
Coffee shop (d) Using a cost and revenue diagram, discuss the likely impact of 'rising costs' for coffee shops on their profitability (Extract A, line 2).(12)
contestibilitty
(e) With reference to the information provided, discuss whether the coffee shop market is contestable.(15)
Evaluate whether a monopoly is likely to operate efficiently. Refer to at least one monopoly of your choice.
Evaluate the factors that might influence the supply of labour in an occupation of your choice.
2 2021 (a) Explain the likely impact of diminishing marginal productivity of labour on cabin crew staffing levels.
(b) Examine the likely impact of Thomas Cook's plan 'to reduce their airline emissions' on the social optimum position. externalities diagram
(c) With reference to Extract C, assess whether Thomas Cook's failure was caused by the principal-agent problem.
(d) With reference to Extract C, discuss the proposed government subsidy to prevent Thomas Cook from reaching its shut-down point.
(e) With reference to the information provided, discuss the decision by Jet2 to increase its package holiday prices.
Evaluate the disadvantages of a significant increase in the national living wage on a specific labour market, such as that for social care workers.
Evaluate the possible consequences for business decision making of increased market concentration. Refer to industries of your choice in your answer.
3 2020 (a) Refer to Figure 1. Explain the likely effect of the change in subsidy levels between 2017 and 2018 on rail fares. iInclude a supply and demand diagram in
your answer. (5)
(b) With reference to Figure 2, examine two possible factors which may have influenced demand for rail travel since 2008. (8)
(c) Assess whether complete nationalisation of the rail industry might protect employees. (10)
(d) With reference to Extract A, paragraph 3, discuss whether the rail network can be considered to be a natural monopoly. (12)
(e) Discuss the likely benefits of price discrimination to rail passengers. Use a diagram to support your answer. (15)
Evaluate the likely microeconomic consequences of consumers shifting from vehicles powered by fuel obtained from oil to electric-powered vehicles.
Evaluate the likely costs of a monopsony operating in a market such as book retailing
4 2019 (a) With reference to Extract A, explain the difference between a positive statement and a normative statement. (5)
(b) With reference to Extract B, examine the likely benefits to consumers of the integration between BT and EE. (8)
(c) With reference to Extract C, assess possible reasons why many 'landline-only' customers do not switch to a cheaper telephone provider. (10)
(d) Discuss one likely reason for the rise in BT's profit (Figure 2, Extracts B and C). Use a cost and revenue diagram to support your answer. (12)
(e) Discuss methods of government intervention to protect consumers within the utilities markets, such as energy and telecommunications. (15)
017 BBC top earning … 120 times more than avg worker of £28758
With reference to an industry of your choice, evaluate why wage differences exist within the UK labour market.
With reference to an industry of your choice, evaluate why some firms engage in collusive behaviour
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