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Eduqas Business A Level Model Answers
Please find some examples of model answers from Paper 1 of 2022. I’ve included explanations of exam technique on many of the questions.
Please be aware - ARCADE-J is a mnemonic I use with my students for questions that require evaluation, such as Assess, Recommend, Consider, Advise, Discuss, Evaluate, Justify
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Depreciation (Business / Business Studies)
Description
A COLOURFUL, INFORMATIVE and ENGAGING presentation that on depreciation.
Included in this lesson:
A colourful and informative title slide that outlines the key skills covered in this topic, a list of equipment required, animated gif to grab the attention of students, and timing ‘prompt’ to get students to get the title down and equipment out as quickly as possible
A ‘guess the question’ starter activity where students are given the answers to ten questions relating to other Accounts / Finance related topics. Students need to work out what the ten questions were to get those answers. Answers are included in the presentation
An explanation of what the lesson aims are
An explanation of what assets are, contextualised to students
Informative, colourful and contextualised slides explaining what current and non-current assets, and depreciation are
A step by step guide to show how depreciation is calculated using the straight-line method, followed by an example for students to calculate (answers provided)
An explanation of the advantages and disadvantages of using the straight-line method to calculate depreciation
The same step by step guide, advantages and disadvantages for the reducing balance method
An exam style question where students need to calculate the value of depreciation, calculate how this affects the estimated value of an asset and when the right time to sell an asset it. Answers provided in the presentation with explanations
I’ve designed this lesson so that it can simply be opened and taught immediately. Each slide is self explanatory and easy to follow. There are 38 slides included in this lesson and it took me just under 2 hours to go through.
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Payback Period
Colourful slides, animations, video links, fun activities, as well as questions (with answers provided) are all included in this engaging and informative lesson on calculating the payback period, applicable to all syllabi
Included in the lesson is:
A fun (and very popular with my students!) Catchphrase starter activity where students have to guess the name of a well-known brand or product from a selection of pictures. Answers are provided.
An eye-catching slide used to explain the purpose of the lesson and introduce the terms capital investment appraisal.
An explanation of what it means to invest
Contextualised examples and explanations of what investing is with colourful slides and video links provided (a Bitcoin video is included as well as a link to live house price updates)
A ‘guess the price of the good’ activity that demonstrates reasons why people make investments (to get a return on their investment)
Examples of real business investments (Facebook purchasing WhatsApp, Oculus, extra warehouses for servers)
Explanation and step by step demonstration of how to calculate the payback period
A 10 - 15 minute activity where students need to calculate the payback period. Answers provided.
An explanation as how to evaluate the payback period
It took me a lesson and a half to go through all of the content
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Net Present Value
Net Present Value is a topic that students often find challenging. This presentation has been produced so that students of all abilities can access the topic. Using lots of colour and engaging slides, contextualised examples as well as step by step examples, this presentation has proven to be very successful in getting my students to understand this net present value effectively.
Included in this presentation:
A detailed title slide including key skills covered in the lesson and equipment required
Initial starter activity where students need to calculate the payback period and average (accounting) rate of return. The aim of this activity is to get students to think about how using both of these methods can provide conflicting results (one investment option could have a shorter payback period where the other could have a higher average rate of return). Activity and answers included in slide, as well as explanation of how these figures were calculated.
Step by step guidance as to what the net present value and time value of money means (we look at why it is better to have £100 now rather than next year)
Activities that explain what inflation and interest rates are, and how they affect the value of money (guess the price activity can be done on mini whiteboards or completed as a class)
Step by step guide demonstrating how net present value is calculated
An explanation of how net present value can be applied to investment decisions
An evaluation of the usefulness of net present value, with examples provided.
This presentation contains 53 slides and took me just under 2 hours to go through in detail.
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Poverty, Lorenz Curve, Gini Coefficient
This presentation contains:
Colourful, detailed and engaging slides throughout
A ‘random name selector’ key term starter activity
7 timed past MCQs on a range of Economic concepts (interactive timer included) All answers included.
Activities throughout
Detailed notes throughout
Explanations of Lorenz Curve and Gini-coeffient
A comprehensive presentation.
There are 65 slides in total and this lesson took me an hour and a half to go through with students
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Maslow's Hierarchy of Needs
PowerPoint resource on Maslow’s Hierarchy of Needs includes:
Colourful and interactive title page with animations and timer
Catchphrase starter activity (with answers)
Detailed notes on Maslow’s Hierarchy of Needs, each individual need and how they are achieved
Trivia activities between each need
Exam skills practice activity (with answers)
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Interpreting elasticities worksheet
Attached is a worksheet on PED, XED, YED and PES.
Students need to calculate the values as well as interpret what the values mean, such as whether demand is price elastic or inelastic (PED), or if goods are complements or substitutes (XED), etc.
There are 16 questions in total.
All answers are included, allowing you or the students to review and grade the worksheet.
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Business Growth (Business and Economics)
Complete resource that explores organic and inorganic growth as well as constraints on growth
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Indirect Taxation - Economics
This presentation contains 73 slides and introduces what tax is before going into detail about indirect taxation and how to interpret diagrams that ask questions on indirect taxation.
Included in this presentation:
A Catchphrase starter activity
A true of false short quiz that asks students about 4 different types of tax around the world
Information about how much tax is generated in UK compare to poorer countries, what that tax revenue is spent on and how it is sourced
Distinctions between direct and indirect taxes. Although Econs exams focus more on indirect taxes, explaining direct taxes gets students engaged into the lesson
A ‘how much tax does BOJO pay’ activity that students really enjoy
Notes on indirect taxation
A step by step explanation of how to interpret and make calculations on tax diagrams
A calculation activity that students need to complete
Notes on disadvantages of tax increases
Evaluative suggestion points the extent to which tax rises are harmful
These slides took me an hour and a half to go through with my students.
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Cross Elasticity of Demand
This PowerPoint includes:
An activity that introduces students to the concept of complements, substitutes and unrelated goods
A activity where students have to match pairs of complement and substitutes goods
An activity where students have to calculate the XED of a pair of goods
Detailed notes on how to calculate XED and what the data means
This presentation contains 21 slides and took me 45minutes to complete
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Cross Elasticity of Demand
This PowerPoint includes:
An activity that introduces students to the concept of complements, substitutes and unrelated goods
A activity where students have to match pairs of complement and substitutes goods
An activity where students have to calculate the XED of a pair of goods
Detailed notes on how to calculate XED and what the data means
This presentation contains 21 slides and took me 45minutes to complete
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Marketing Mix RECAP STARTER
A fill the blanks activity on the 4Ps with emphasis on Boston Matrix
Answers are included
This is useful as a starter activity or plenary
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Payback Period (PBP) Worksheet
A simple worksheet where students need to calculate the payback period of 4 investment options.
Answer key included
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Indirect Taxation WORKSHEET
A worksheet that tests understanding of directly and indirect taxation.
There are 4 activities in this worksheet:
A fill the blanks activity that tests students understanding of types of direct and indirect taxation and the correct terminology used depending on the tax being discussed
An activity where students need to calculate tax per unit, incidence on producers, consumers and government revenue
An activity where students need to explain why the incidence on the producer / consumer changes depending on the price elasticity of demand
An extension of activity 2 where students are given 4 additional diagrams where they need to complete additional calculations and label the incidence / tax revenue
3 multiple-choice questions on indirect taxation
Detailed answers of all* activities are provided in this worksheet
This activity took between 20 and 30 minutes for my students to complete
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Average Rate of Return
Included in this lesson:
A detailed and colourful title slide, including all learning objectives for this topic
A recap starter activity on calculating the payback period (answers included)
An explanation slide as to what the lesson is about; providing an overview of the problems of relying solely on the payback period as a method of investment appraisal and why other methods are also needed
Explanation of what ARR is
A scenario showing how ARR is calculated
An evaluation of ARR
There are 22 slides in total and it took me around 30 minutes to go through the presentation.
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Market Failure (Types of)
This lesson introduces the concept of market failure and explains what each of the key types of market failure are (externalities, under-provision of public goods and information assymmetry)
Included in this presentation is:
A colourful title slide with the key learning objectives
A ‘guess the question’ starter activity with answers
A step-by-step explanation as to what market failure is
Video showing an extreme example of externalities
Fill the blanks externality activity
Externalities sorting activity with answers
Positive externality activity
Information gap activity
Detailed and colourful notes throughout
This presentation is 32 slides in length and took me one hour to go through
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Market Structures and Competition
This lesson can be used either to teach Business students about competition, market structures and how consumers can be affected by anti-competitive practices OR to teach Economics students about the different features of market structures and why competition / a lack of competition affects different stakeholders.
Included in this lesson:
A colourful and detailed title slide outlining the key learning objectives
An income elasticity of demand starter activity suitable for both Business and Economics students (calculation / explain / diagram question). A printable slide of the questions has been provided with a detailed answer key on next slide for peer marking.
A detailed and contextualised example of how a lack of competition affects different stakeholders (Epic Games legal battle with Apple over Fortnite)
Brainstorming activity on competition
A rank in order activity on types of competitive markets
Detailed notes on competition, monopolies, oligopolies, monopolistic competition, perfect competition, Game Theory, types of anti-competitive practices such as Cartels, OFT.
This presentation contains 37 slides and took me an hour to go through with my students.
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Business Location
A 20 slide PowerPoint presentation outlining the qualitative and quantitative factors businesses consider when choosing a business location.
The PowerPoint is colouful, informative and includes a ‘Tenable’ game show PowerPoint where students have to identify 10 common reasons why businesses fail
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Marketing Mix - Price
This resource is a 58 slide PowerPoint presentation that gives a comprehensive overview of pricing strategies. Included in this resource:
A colourful title page outlining the learning objectives
A fun catchphrase starter activity where students have to guess the name of a business / product from the pictures given [answers included]
A critical path analysis recap activity [answers included]
An introductory explanation of the importance of pricing products correctly
Detailed explanations with examples of market-based, competition-based and cost-based pricing strategies
Colourful examples provided throughout
Calculation activities [with answers] for the cost-based pricing strategies
Colourful gifs and animation are included throughout
This lesson took me just over an hour to go through with students.
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Product Lifecycle
Included in this PowerPoint presentation;
A colourful title slide outlining the key learning objectives
A fun Catchphrase starter activity that my students adore!
An introductory slide explaining what the lesson is about
An introductory game where students have to recognise brands of drinks currently / previously owned by Coke (this activity links into product lifecycle)
A hyperlinked video about the rise and fall of Subway (10 mins in length)
Detailed and colourful notes on what the product lifecycle is and what happens at each stage
A simple class activity where students have to be creative and think about how to extend the product lifecycle for 4 random products (I get students to either stand up and explain their suggestions / draw them)
Colourful gifs and animations are included throughout to ensure full engagement from students
This lesson contains 38 slides and took me a full hour to complete with all the activities included