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Economics
Essays + Notes

ECONOMICS MODEL ESSAYS AND NOTES

Basic Economic Ideas and Resource Allocation (AS Level)Economic GrowthGovernment Macroeconomic Intervention (A Level) Government Microeconomic Intervention (A Level)Government Microeconomic Intervention (AS Level) International Economic IssuesThe Macroeconomy (AS Level) The macroeconomy (A Level) The price system and the microeconomy (A Level) The price system and the microeconomy (AS Level)

ESSAY COUNT:

ESSAY COUNT:

TIPS TO WRITE AN ECONOMICS ESSAY

📚 Understand the Basics: Before you start writing, make sure you understand the fundamental economic concepts and theories.
🔍 Analyze the Prompt: Carefully read and analyze the essay prompt to ensure you understand what is being asked.
🗂️ Organize Your Thoughts: Create an outline to organize your ideas and arguments before you begin writing.
📊 Use Data Wisely: Incorporate relevant data, statistics, and graphs to support your arguments and strengthen your analysis.
🎯 Stay Focused: Keep your essay focused on the topic and avoid going off on tangents.
💡 Be Clear and Concise: Use clear and concise language to communicate your ideas effectively.
💬 Address Counterarguments: Acknowledge and address opposing viewpoints to strengthen your argument.
📝 Revise and Edit: Take the time to revise and edit your essay to ensure it is well-written and free of errors.
🤔 Think Critically: Approach the topic with a critical mindset and don't be afraid to question assumptions or explore different perspectives.
🌟 Make it Engaging: Hook your reader with an interesting introduction and keep them engaged throughout your essay.

Remember, writing an Economics essay is about more than just regurgitating information. It's about analyzing data, presenting arguments, and offering insights into economic phenomena. So, use these tips and emojis to write an Economics essay that shines! 🌟📝

Discuss whether solving the problem of unemployment should be the main policy objective for the government of a developing country.

Explain what is meant by quantitative easing (QE) and consider whether it is an effective policy to be used in a recession.

‘Policies to achieve economic growth will inevitably cause a government budget deficit.

Use production possibility curve diagrams to explain the effect on an economy’s output of (i) increased use of its existing labour, and (ii) an increased availability of natural resources For knowledge and understanding of a production possibility curve and application to show an increased use of its existing labour.

Discuss the view that supply side policies to increase the supply of labour to an economy are likely to be more successful than those designed to increase the supply of entrepreneurship.

Explain how you would use the concept of cross💥elasticity of demand to measure the impact on the demand for cars when there is a rise in the price of fuel for cars and when there is a rise in the price of public transport.

A government is deciding whether to impose import controls to protect its car manufacturing industry.

Explain what is meant by equilibrium price and quantity in the market for a good and how price and quantity will be affected by both a rise in the wage rate paid to the workers producing the good and a rise in wages paid to all workers in the economy.

Discuss whether government policies to influence the free market price for a good can ever improve the allocation of resources in that market.

‘Smoking cigarettes causes negative externalities and negative externalities cause market failure which can only be solved by government intervention.

With the help of a formula, explain what is meant by the term price elasticity of demand for a product and consider the extent to which it allows an entrepreneur to determine the effect of price changes on the total expenditure on their product.

Assess whether the concept of price elasticity of supply or cross elasticity of demand will be the more useful to a business wanting to increase its total sales in a growing economy.

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