Behavioural Economics Example Essays (Volume 1)… | tutor2u Economics
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Behavioural Economics Example Essays (Volume 1) for A Level Economics

  • Levels: AS, A Level, IB
  • Exam boards: AQA, Edexcel, OCR, IB, Eduqas, WJEC

This printed booklet contains 8 example essays on Behavioural Economics, each with examiner commentary highlighting the key skills demonstrated in the essay.

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Behavioural Economics Example Essays (Volume 1) for A Level Economics

  • SKU: 02-4130-30038-03
  • Printed Edition

  • £5.00

The example economics essays covered in this printed booklet are:

  1. The UK’s savings ratio is estimated to be 5.6% of disposable income. Evaluate how useful the concepts of loss aversion and anchoring might be in helping to increase the savings ratio in the UK.
  2. Asset prices often experience “bubbles”. Evaluate the role that herd behaviour and heuristics play in influencing people’s decisions in spending on assets such as shares and houses.
  3. Traditional economic theory assumes that businesses aim to maximise their profits. Assess the role of choice architecture techniques such as framing, nudges and default choices in helping businesses to increase profits.
  4. The basic economic problem is concerned with how to manage scarcity as a result of infinite wants and finite resources. Assess the view that behavioural economics is more useful than traditional neoclassical economics in helping us to understand how consumers and producers make decisions.
  5. The government would like to reduce obesity in the UK – around 70% of adult men and around 60% of adult women are regarded as obese.
  6. 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.
  7. British roads are the most congested in Europe. 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.
  8. Assess the usefulness of behavioural economics in tackling market failure.
  9. Nearly half of young adults have no plans to save for retirement. Evaluate how behavioural economics techniques could be used to encourage more people to save for retirement.

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