152 Economics A Level Paper 2 Topical Worked Solutions

Description

152 Economics A Level Paper 2 Topical Worked Solutions

In addition to basic knowledge and comprehension, Cambridge International (CI) essay questions test a variety of higher order skills like application, analysis and evaluation.

What motivated me to write this book was the fear of thousands of A Level Economics students to meet this challenging task.

This book makes an effective learning tool for the application of existing knowledge to novel and unfamiliar situations, critical analysis involving logic and reasoning, evaluation of given policies and incorporation of one’s own judgment into a comprehensive, well-structured essay.

The broader aim, however, is to provide a sense of achievement to students and develop their self confidence as they learn to tackle essay questions effectively. Memorizing the contents of this book and reproducing them as such will have no more than a marginal impact on their skill to produce a well-informed essay.

We hope our readers bear in mind that investing time and effort in developing essay writing skills today will benefit them endlessly throughout their life. I strongly recommend students to attempt examination questions on their own before consulting the answers provided in this book. They must consult other textbooks, incorporate necessary changes and build what they think is a perfect answer before comparing it with the one this book provides.

I particularly chose to write fully structured essays in place of brief, bulleted answers as the latter kill the entire spirit of a coherent essay.

I hope my readers will be satisfied with the content this book has to offer them. At the same time, I look forward to their criticism and suggestions. Students may also find my other two books, Understanding Economics AS Level and Understanding Economics A2 Level, useful in meeting the study requirements of the CI Advanced Level Economics syllabus.

Thank you

Kamran Malik

Following topics are covered in this book in the same order.

Economics A Level Paper 2 Topical Worked Solutions

• Topical
• Worked Solutions
• Questions order new to old

TABLE OF CONTENTS

UNIT-1  ECONOMIC SYSTEMS

UNIT-2  SCARCITY, OPPORTUNITY COST, PRODUCTION POSSIBILITY CURVE

UNIT-3  MARKET EQUILIBRIUM, SHIFTS IN DEMAND/SUPPLY CURVES

UNIT-4  PED, MED, XED

UNIT-5  PES, PRIMARY GOODS, CONSUMER/PRODUCERS SURPLUS, INDIRECT TAXES, SUBSIDIES

UNIT-6  MAXIMUM & MINIMUM PRICES

UNIT-7  MERIT, DEMERIT, PRIVATE & PUBLIC GOODS

UNIT-8  FACTORS OF PRODUCTION, DIVISION OF LABOUR, LABOUR PRODUCTIVITY

UNIT-9  INCOME INEQUALITIES

UNIT-10  AD/AS, CIRCULAR FLOW OF NATIONAL INCOME, ECONOMIC GROWTH

UNIT-11  PRICE INDICES, INFLATION, UNEMPLOYMENT

UNIT-12  INTERNATIONAL TRADE

UNIT-13  FISCAL, MONETARY & SUPPLY SIDE POLICIES

DATA RESPONSE