Brexit: Technology-based customs system ‘could cost £20bn’

A useful link for A Level Economics relating to variable costs http://www.bbc.co.uk/news/uk-politics-44229606 and where to find the relevant section within the spec:

Edexcel spec reference 3.3.2 a) Formulae to calculate

  • o average variable cost

AQA spec reference 4.1.4.4 The difference between fixed and variable costs. 

OCR spec reference P10 Explain what is meant by: average variable cost (AVC)

Charlotte Hogg: former Bank deputy ‘sorry’ for mistake

A useful link for A Level Economics students http://www.bbc.co.uk/news/business-44155130 relating to Financial Regulation and where to find the relevant section within the spec:

Edexcel spec reference 4.4.3 a) Key functions of central banks:

  • role in regulation of the banking industry

AQA spec reference 4.2.4.4 The regulation of the financial system 

OCR spec reference P27 Financial Regulation

http://www.apt-initiatives.com/

Edexcel A Level Business – Essential Revision

Click HERE for free revision sample material, including mock paper, essential research tasks, research tasks, PowerPoints etc for Edexcel’s ‘Pre-release Material’ for this June’s 2018 Paper 3 exam on the Chocolate Confectionery Market. 

APT’s Complete Context Companion contains two essential resources for this time of year.  These can be purchased separately – by you or your students – and despatched immediately:

  • Essential Revision Summaries (£35+vat): 51 pages of crucial knowledge, evidence, analytical and evaluative comment, covering a wide range of possible exam questions on each aspect listed in Edexcel’s ‘Pre-release Material’ for this June’s 2018 Paper 3 exam on the Chocolate Confectionery Market, ie trends in the number and size of manufacturers that operate in the global chocolate confectionery market; influences on the global market for chocolate confectionery; Human resource management in the UK chocolate confectionery industry; The competitive environment facing producers and retailers in the UK chocolate confectionery market; Marketing and promotions in the global chocolate confectionery industry. This is a highly useful revision aid for Paper 3, but also for Paper 1 and Paper 2, as it covers a wide range of topics relating to all four themes.   
  • Mock Exam Paper, Mark Schemes and Example Model Answers (£19+vat): a rigorous paper in the same style and format as the sample assessment material and the first exam set by Edexcel for the A Level Business Paper 3 exam In 2017, with space for students to write down their answers, and answers provided in paragraph form, rather than a list of relevant points anticipated to be raised in the answer.

“I purchased Essential Revision Summaries and Mock Paper – Excellent preparation for the exam.  On the strength of this I will also be ordering your materials for AQA Economics.  Thanks and appreciate your excellent work“ D Gratton. 

The above two resources are part of a set of six resources designed for Edexcel’s A Level Business 2018 Paper 3 Context Examination.  The entire set (ie APT’s Complete Context Companion) can be purchased at a discounted rate of £85+vat (instead of £134+vat, ie £49 discount).  Resources are licensed for staff and up to 60 students attending the purchasing institution, ie the individual school / college.   

Feedback specific to this year’s (2018) Complete Context Companion:  

“Thank you so much for the amazing resources supporting Edexcel Paper 3 context they are a godsend”  H Bridge. 

Click HERE to view our SAMPLE material (via the website) for this June’s exam or HERE to take you directly to the sample document.  

The sample material relates to Bullet Point 2 of Edexcel’s Pre-release Material, ie ‘Influences on the Global Market for Chocolate Confectionery over the last 20 years’, and specifically relate to ‘Changing Costs and Prices’. 

Resources can be ordered and paid for online and instantly downloaded . CD version is an additional P&P charge of £2.50.  We can also email the resource and subsequently invoice your school/college. 

All APT resources are licensed for staff and up to 60 students to use, in any given year, attending the purchasing institution, ie the individual school / college. 

Also check APT’s blog to see regular posts on the Paper 3 exam. 

OCR GCSE Business – Mock Exam Papers – Essential Revision

APT’s Two Additional Mock Exam Papers (for £25 +VAT) written to rigorously test and help prepare students for this year’s OCR GCSE A293 Business Studies Exam. 

  • The style and format of each paper is based on previous examinations set by OCR for the A293 Case Study Paper.
  • The question papers contain appropriate spacing for students to write their answers.
  • The mark schemes and answers provide a wide range of responses to the questions posed.
  • For questions marked using a ‘levels of response’ mark scheme, detailed example model answers are provided in paragraph form, and answers are annotated to show where the levels have been met (ie Level 1, Level 2 and Level 3).

APT’s 125 Short Exam Questions (& Answers) (already included in the Teacher’s Companion / Complete Student Revision Buddy), are now available to purchase separately at just £10 +VAT.

Click here to access a comprehensive set of sample material from last year’s Companion / Revision Buddy.

East Coast train line to be put into public control

A useful link for #ALevelEconomics relating to Privatisation - http://www.bbc.co.uk/news/business-44142258

See below on where to find it in the specification:-

Edexcel spec reference 3.6.1 Government intervention to promote competition and contestability: 

  • Privatisation

AQA spec reference 4.1.8.8 Public ownership, privatisation, regulation and deregulation of markets 

OCR spec reference P23  Supply side policy

  • Privatisation

http://www.apt-initiatives.com/

Mars Wrigley Confectionery to triple global cocoa yields with better disease-resistant clones

Useful link below for AL Business Paper 3, relevant to bullet 1 on investment and bullet 2 on corporate social responsibility (and sustainable production) https://www.confectionerynews.com/Article/2018/05/07/Mars-Wrigley-to-triple-cocoa-yields-with-disease-resistant-clones?utm_source=copyright&utm_medium=OnSite&utm_campaign=copyright

You can also click HERE to see APT’s published resources for Paper 3 Context 2018 on the Chocolate Confectionery Market.

Essential Economics Revision Resources, Specific to Each Exam Board

Multiple Choice Questions, Mock Exam Papers, Mark Schemes & Answers available for A Level Economics

Paper 1, 2 & 3 for AQA, Edexcel & OCR 

APT’s Mock Exam Papers, Mark Schemes & Answers are written by an experienced senior examiner of A Level Economics .  The style and format is based on the sample assessment material produced by the relevant exam board. 

AQA A Level Economics 

Sets of 4 Mock Exam Papers, Mark Schemes and Example Model Answers for AQA A Level Economics:

AQA AL Paper 1: 4 Mock Exam Papers, Mark Schemes & Answers on Markets and Market Failure  £65

AQA AL Paper 2: 4 Mock Exam Papers, Mark Schemes & Answers on National and International Economy  £65

AQA AL Paper 3: 4 Mock Exam Papers, Mark Schemes & Answers on Economic Principles and Issues  £75 

Each question paper contains 2 sections: Section A, which consists of data response questions, with students being required to select questions to answer from a choice of two contexts worth 40 marks; Section B consists of essay questions, with students being required to select one set of 2 questions (essays) to answer from a choice of three sets of 2 questions (essays) worth 40 marks.  Duration is 2 hours, and there are a total of 80 marks available.  The questions included in each paper ensure students gain exam practice across AQA’s 4 A Level assessment objectives and marks are weighted according to AQA’s requirements at A Level.  For questions carrying high marks, detailed example model answers are provided in paragraph form, rather than a list of relevant points anticipated to be raised in the answer.  

540 Multiple Choice Questions on the Entire AQA A Level Economics Specification and 440 Multiple Choice Questions (240 + 200) on the AS Specification:   

AQA AS Paper 1: 240 Multiple Choice Questions on The Operation of Markets and Market FailureInteractive AND Printable Version  £110

AQA AS Paper 1: 240 Multiple Choice Questions on The Operation of Markets and Market Failure – Interactive PowerPoints Only  £65

AQA AS Paper 1: 240 Multiple Choice Questions on The Operation of Markets and Market Failure – Printable Version Only  £55

AQA AS Paper 2: 200 Multiple Choice Questions on The National Economy in a Global Context - Interactive AND Printable Version £90

AQA AS Paper 2: 200 Multiple Choice Questions on The National Economy in a Global Context – Interactive PowerPoints Only  £55

AQA AS Paper 2: 200 Multiple Choice Questions on The National Economy in a Global Context – Printable Version Only  £45

AQA AL 540 Multiple Choice Questions Covering the Entire AL Specification - Interactive AND Printable Version  £270

AQA AL 540 Multiple Choice Questions Covering the Entire AL Specification - Interactive PowerPoints Only  £145

AQA AL 540 Multiple Choice Questions Covering the Entire AL Specification – Printable Version Only  £135 

Edexcel A Level Economics 

Sets of 4 Mock Exam Papers, Mark Schemes and Example Model Answers for Edexcel A Level Economics:

Edexcel AL Spec A Paper 1: 4 Mock Exam Papers, Mark Schemes & Answers on Markets and Business Behaviour (Theme 1 & 3) £65

Edexcel AL Spec A Paper 2: 4 Mock Exam Papers, Mark Schemes & Answers on The National and Global Economy (Theme 2 & 4) £65

Edexcel AL Spec A Paper 3: 4 Mock Exam Papers, Mark Schemes & Answers on Microeconomics and Macroeconomics (Themes 1,2,3&4) £75 

Each question paper contains 3 sections: Section A, which consists of a range of multiple-choice and short-answer questions; Section B, which consists of one data response question broken down into a number of parts; Section C, which consists of a choice of extended open-response questions (with students selecting one from two).  Duration is 2 hours, and there are 100 marks available. The questions included in each paper ensure students gain exam practice across Edexcel’s 4 A Level assessment objectives and marks are weighted according to Edexcel’s requirements at A Level: 22-24% test students’ knowledge and understanding (A01); 22-24% test students’ ability to apply knowledge and understanding (A02); 26-28% test students ability to analyse (A03) and 26-28% test students ability to evaluate (A04). For questions worth 10 or more marks (where ‘Level Descriptors’ are used to mark students’ answers), detailed example model answers have been provided in paragraph form, rather than a list of relevant points anticipated to be raised in the answer.  Answers to questions worth 10 or more marks, have also been annotated to show where assessment objectives have been met (ie knowledge, application, analysis and evaluation). 

Also Available for Edexcel:

Edexcel AS AL Spec A Theme 1: 4 (Interim and Entire Theme) Papers, Mark Schemes & Answers on Introduction to Markets & Market Failure £65

Edexcel AS AL Spec A Theme 2: 4 (Interim and Entire Theme) Papers, Mark Schemes & Answers on The UK Economy – Performance & Policies £65

Edexcel AL Spec A Theme 3: 4 (Interim and Entire Theme) Papers, Mark Schemes & Answers on Business Behaviour & The Labour Market £65

Edexcel AL Spec A Theme 4: 4 (Interim and Entire Theme) Papers, Mark Schemes & Answers on A Global Perspective £65 

OCR A Level Economics 

Sets of 4 Mock Exam Papers, Mark Schemes and Example Model Answers for OCR A Level Economics:

OCR AL Paper 1: 4 Mock Exam Papers, Mark Schemes & Answers on Microeconomics £65

OCR AL Paper 2: 4 Mock Exam Papers, Mark Schemes & Answers on Macroeconomics £65

OCR AL Paper 3: 4 Mock Exam Papers, Mark Schemes & Answers on Themes in Economics £75 

The questions included in each paper ensure students gain exam practice across OCR’s A Level assessment objectives and marks are weighted according to OCR’s requirements at A Level.  For questions carrying high marks, detailed example model answers are provided in paragraph form, rather than a list of relevant points anticipated to be raised in the answer.  

Feedback received on APT’s Interim and Mock Exam Papers for A Level Economics: 

“I was very impressed… I use a competitor’s, but yours is on another level.” Elena Themistocieous                                                                                                       

As a resource to assess both knowledge development and examination skills, these papers are fantastic. They allow pupils to gain a true insight into the nature of the economics papers and has allowed me to have meaningful conversations about examination technique from a much earlier stage in the course. The mark schemes and model answers make for a package which represents great value for money.  Many thanks for such useful resources.Mark Seccombe

All APT resources are licensed for staff and up to 60 students to use, in any given year, attending the purchasing institution, ie the individual school / college 

You can ORDER:

by email to office@apt-initiatives.com / on line with a debit/credit card or by PayPal at www-apt-initiatives.com

Farnese Blue diamond fetches $6.7m at Geneva auction

A useful link relating to Elasticity of Supply http://www.bbc.co.uk/news/world-europe-44134010

And see below, where to find it in the spec:-

Edexcel spec reference 1.2.5 Elasticity of supply                                

AQA spec reference 4.1.3.4  Price elasticity of supply 

OCR spec reference P9 Explain, with the aid of a diagram, the different values of PES

http://www.apt-initiatives.com/

Bank of England governor Mark Carney says the UK economy will pick up

A useful link here relating to Economic Growthhttp://www.bbc.co.uk/news/av/business-44075316/bank-of-england-governor-mark-carney-says-the-uk-economy-will-pick-up 

See below to find the relevant section within each specification:-

Edexcel spec reference 2.5.1 a) Factors which could cause economic growth               

AQA spec reference 4.2.3.1 The various demand-side and supply-side determinants of short run growth of real national income and the long-run trend rate of economic growth 

OCR spec reference P17 Evaluate the causes of economic growth in the short and long run

http://www.apt-initiatives.com/

Oil soars after Trump nixes Iran nuclear deal, US stocks rally

A useful link https://www.straitstimes.com/business/companies-markets/oil-soars-after-trump-nixes-iran-nuclear-deal-us-stocks-rally relating to commodity prices….

Edexcel spec reference 4.3.2 Impact of economic factors in different countries:

  • primary product dependency
  • volatility of commodity prices

AQA spec reference 4.2.3.3 How changes in world commodity prices affect domestic inflation.

OCR spec reference P8 Evaluate, with the aid of a diagram, the usefulness of demand and supply in analysing markets, such as commodities

http://www.apt-initiatives.com/