Economics A-level: Market mechanism, market failure and government intervention

AQA Economics A-Level (A* Notes, Essay Examples and Plans)

AQA Economics A-level: specification 7135, 7136 *I sat my Economics exam in summer 2018 and achieved A star grades across all three papers. Here is a bundle of all my content/theory notes and 25 mark essay examples and plans! Includes: Paper 1 - Micro * Economic Problem and Methodology * Supply and Demand * Production, Costs and Revenue * Market Structure * Labour Market * Income and Wealth * Market Mechanism, Market Failure and Government Intervention Paper 2 - Macro * Macroeconomic performance * Aggregate Demand and Aggregate Supply * Economic Performance * Financial Markets * Fiscal and Supply Side * International Economy Paper 3 - Synoptic * Synoptic practice questions * AND **A* Example 25 mark essays and practice questions covering: ** Includes 25 mark essays: * Assess whether you agree that governments should subsidize companies who are developing cars which run on clean fuels such as hydrogen (25 marks) * Assess whether you agree that the government should give financial assistance to firms producing cars in the UK to increase their competitiveness (25 marks) * Assess whether you agree that the implementation of pollution permits could play a role in reducing global warming (25 marks) * Discuss the view that falling unemployment will inevitably lead to trade-offs with other macroeconomic policy objectives (25 marks) * Evaluate policies that the government could use to reduce obesity, referring to classical solutions such as taxes, subsidies and regulations, and behavioural solutions such as nudges and default choice (25 marks) * Using your knowledge of behavioural economics and neoclassical economics, evaluate the possible policies that could be used to reduce congestion in the UK’s cities. (25 marks) * Evaluate the view that imposing a tax is the most effective government policy for reducing the market failure arising from overconsumption of unhealthy food and drink (25 marks) * Using the extracts and your economic knowledge, assess whether you agree that fixing a maximum price for energy that is sold households is the best way of dealing with market failure in the UK energy industry (25 marks) * Using the extracts and your economic knowledge, assess the view that inequality is 'good for us all' (25 marks) 9 and 15 mark essays: * With the help of a diagram, explain how export subsidies may help promote economic growth in India (9 marks) * Explain how government policies can reduce the natural rate of unemployment (15 marks) * Explain why, in a free market, sugary drinks may be overconsumed (15 marks) Essay plan * To what extent do you agree that expansionary monetary policy is always effective in creating economic growth? (25 marks)