Year 1 Microeconomics Topics at A Level Standard… | tutor2u Economics
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Year 1 Microeconomics Topics at A Level Standard Example Essays (Volume 1)

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

This printed booklet contains example essays for core microeconomics topics typically taught in the first year of A Level Economics, written to a full A Level Economics standard. Each essay comes with a commentary from a senior examiner.

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The example economics essays included in this printed booklet are:

  1. 'A free market economy always allocates resources in a more efficient way than a command economy'. Evaluate this statement, and refer to the work of economists Alan Smith, Friedrich Hayek, and Karl Marx in your answer.
  2. To what extent is the concept of elasticity useful to firms and the government?
  3. Evaluate the possible reasons why economic agents may not behave rationally.
  4. "The use of Indirect taxation to solve market failure will inevitably result in government failure". To what extent is this statement true?
  5. "Governments must use a range of policies in order to solve the market failures associated with externalities ". To what extent do you agree with this statement?
  6. With reference to the concept of market failure, evaluate the possible economic effects of increased consumption of alcohol. Use an appropriate diagram in your answer.
  7. Evaluate the impact of higher indirect tax in the market for petrol. Use an appropriate diagram in your answer.
  8. Evaluate the impact of a subsidy on electric cars on both consumers and producers. Use an appropriate diagram in your answer.
  9. With reference to the concepts of public goods and government failure, evaluate the role of government in providing flood defences.
  10. Evaluate the likely economic impact of introducing tradable pollution permits for large carbon-emitting firms. Use an appropriate diagram in your answer.
  11. With reference to the concept of positive externalities, evaluate the economic impact of increasing demand for higher education in the UK.
  12. Evaluate the likely impact on consumers and producers of introducing a minimum price in the market for milk.


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