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

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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

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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

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Argentina seeks IMF financial aid ‘to avoid crisis’

A useful link for Economics students here http://www.bbc.co.uk/news/business-44047113 relating to international institutions.  See where to find the relevant section within the spec below:

Edexcel spec reference 4.3.3 Awareness of the role of international institutions and non-government organisations (NGOs):

  • International Monetary Fund (IMF)                              

AQA spec reference 4.2.6.5 Policies that might be adopted to promote economic growth and development. 

OCR spec reference P 18 Explain the role of international organisations, such as the International Monetary Fund (IMF).

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Buffet may be sitting on $135 billion cash, but is still unlikely to invest in India…

Click on this useful link for AL Economics Students relating to injections and withdrawals of income and see where to find the relevant section within the spec below:-

Edexcel spec reference 2.4.2 a) The impact of injections into, and withdrawals from, the circular flow of income.

AQA spec reference 4.2.2.1 The effect of changes in injections and withdrawals on national income.

OCR spec reference P 19 Explain what is meant by injections and leakages within the circular flow

 

The only way to buy property in Shanghai these days is to win the lottery

A useful LINK relating to Supply and Demand, see below where to find the relevant section in the specification for Edexcel, AQA and OCR Economics:

Edexcel spec reference 1.2.6 

b) The use of supply and demand diagrams to depict excess supply and excess demand

c) The operation of market forces to eliminate excess demand and excess supply

AQA spec reference 4.1.3.5  Why excess demand and excess supply lead to changes in price.

OCR spec reference P 7  Supply and demand and the interaction of markets

http://www.scmp.com/property/hong-kong-china/article/2143067/only-way-buy-property-shanghai-these-days-win-lottery

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NPC fixes budget ceiling of Rs 1,200bn for next fiscal year

A useful link relating to current, capital and public expenditure…. https://thehimalayantimes.com/business/national-planning-commission-fixes-budget-ceiling-of-rs-1200bn-for-next-fiscal/

Spec references below for Edexcel, AQA & OCR: 

Edexcel spec reference 4.5.1 a) Distinction between capital expenditure, current expenditure and transfer payments

AQA spec reference 4.2.5.1 The types of and reasons for public expenditure

OCR spec reference P 21 Explain what is meant by current and capital government expenditure

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Saudi-Russia alliance could spell doom for Opec, cartel that has ruled oil industry since 1960

A useful link for all A Level Economics students relating to price leadership http://www.scmp.com/news/world/article/2142410/saudi-russia-alliance-could-spell-doom-opec-cartel-has-ruled-oil-industry

Spec references below for Edexcel, AQA & OCR: 

Edexcel spec reference 3.4.4 d) Overt and tacit collusion; cartels and price leadership 

AQA spec reference 4.1.5.5 The reasons for non-price competition, the operation of cartels, price leadership, price agreements, price wars and barriers to entry.

OCR spec reference P 12 Explain the significance of types of collusion in oligopoly markets

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