Economics Help A2 Model Essays In Ielts

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Description

Model essays will help

  • Essay writing technique.
  • How to answer the question asked.
  • How to evaluate questions which require it.
  • A separate section giving advice on the important evaluation component of the exam.
  • The essays were all written exclusively for this pdf guide.
  • List of 50 questions included in the pdf at the bottom.
  • View: Sample Micro Essay

Using the Model Essays

  • Note: I usually wouldn’t give such a resource to my students until a few weeks before the exam. If you got a similar question for homework, don’t try to pass these off as your own. I think it would show anyway. The whole point of this guide is to show how an economics essay can be written; and help you to write your own answers.
  • A good way to use this guide, is to take a question and write down an essay plan of what you would write for the question. Then have a look at my answer, see what is missing, consider whether you understood what the question was asking.
  • Also, note how much evaluation I will add for any question which asks for discuss, evaluate, assess e.t.c
  • There are other points that could be made in these essays; there are often different ways that you can get full marks. But, one feature of these essays is that they stick to answering the question.

Examiner

I have worked as an examiner and Team Leader for Edexcel for five years.

List of Micro Economics Essays in Guide

Market Structure

  1. Discuss how firms within an oligopolistic market compete.
  2. Discuss whether monopoly is always an undesirable form of market structure.
  3. Explain how interdependence and uncertainty affect the behaviour of firms in Oligopolistic markets
  4. Evaluate the view that only producers, and not consumers, benefit when oligopolistic firms collude to try to reduce the uncertainty they experience.
  5. Explain why contestable markets generally function more efficiently than non-contestable markets.
  6. Explain various barriers to entry to a market and how these barriers might affect market structure.
  7. In the past, utility industries such as the postal service, electricity and gas, have been heavily protected by entry barriers. Evaluate the possible effects on efficiency and resource allocation of removing these barriers.
  8. Explain the meaning of price discrimination and the conditions necessary for price discrimination.
  9. Evaluate the view that, because price discrimination enables firms to make more profit, firms, but not consumers, benefit from price discrimination.
  10. Evaluate different ways in which governments could make markets more competitive.
  11. Discuss the extent to which new technology, such as the internet, has increased or decreased the competitiveness of markets.

Government Intervention

  1. Discuss the impact of deregulation on the local bus industry in Great Britain.
  2. Evaluate the view that the government should give financial assistance to firms producing cars in the UK to increase their competitiveness.
  3. Evaluate the view that government intervention can correct all the market failures caused by the effects of economic activity on the environment.
  4. In some European countries, price controls are imposed upon pharmaceutical companies. Discuss the case for government intervention to control market prices.
  5. Discuss whether the government should ever consider nationalising privatised industries?

Labour Markets

  1. Footballers receive high pay, while those in disagreeable occupations, such as road sweepers, are among the most lowly paid.  How does economic theory explain such differences in pay?
  2. Assess the case for and against the government intervening to raise the disposable income of workers on low pay.
  3. Do you agree that if a trade union persuades employers to increase wages in a labour market, employment must inevitably fall in that labour market? Justify your answer?
  4. Assess three labour market policies which might be used to increase the level of employment amongst incapacity claimants and lone parents on benefits.
  5. Discuss the impact of net migration on UK labour markets
  6. Discuss the relative merits of welfare benefits and taxes for reducing relative poverty in the UK.

Market Failure / Transport

  1. Discuss whether Cost-benefit analysis is a practical way to decide whether projects, such as new roads, should go ahead.
  2. Discuss the case for a toll on motorway travel.
  3. Discuss whether giving increased subsidies to firms providing bus services would correct the market failure arising from urban road congestion.

List of Macro / Global Economic Essays

  1. Compare the effectiveness of supply-side and fiscal policies to correct deficits on a country’s current account of the balance of payments.
  2. Assess the economic effects of a significant increase in taxation on the UK economy.
  3. Discuss the impact of globalisation on the UK economy.
  4. Both the UK and US balance of payments accounts are recording large deficits on their trade in goods balance. Do such deficits matter? Justify your answer.
  5. Explain how countries benefit from international trade even though they may produce similar goods and services.
  6. Discuss the factors that determine the trade competitiveness of the UK economy
  7. Discuss the importance of promoting free trade through organisations such as the WTO
  8. A government is faced with an unacceptably high level of unemployment but does not wish to increase its overall expenditure. Discuss alternative policies for reducing unemployment.
  9. Explain the likely economic reasons for government borrowing.
  10. Evaluate the possible problems for the UK economy of increased government borrowing.
  11. Explain the possible causes of economic growth.
  12. Evaluate the potential impact on the economic growth of the UK economy if it were to adopt the single European currency.
  13. Evaluate the possible impact of the expansion in the EU on UK economic performance.
  14. Discuss policies to reduce inflation.
  15. Explain how exchange rates are determined in a floating exchange rate system.
  16. Evaluate the possible consequences of a falling rate of inflation for the performance of the UK economy.
  17. Evaluate the possible consequences of a falling rate of inflation for the performance of the UK economy.
  18. Discuss the impact of an increase in interest rates.
  19. Explain what would cause an appreciation in the Euro.
  20. Discuss how the government might improve the UK’s long term economic growth.
  21. Evaluate the likely economic effects of a decision by the UK to withdraw from the European Union.
  22. Explain how a decrease in government spending can result in a greater change in the equilibrium level of national income.
  23. Discuss factors that may limit economic growth rates in different countries.
  24. Discuss the problems an economy might face in recovering from a period of recession?
  25. Assess the impact on UK macroeconomic performance of a prolonged period of deflation.

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