CIE Economics 9708 Model Essays Package Unit 2 Price system and the microeconomyQuick View
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CIE Economics 9708 Model Essays Package Unit 2 Price system and the microeconomy

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CIE Economics 9708 Model Essays Package Unit 2 Price system and the microeconomy.For examination in 2026-2028 I’m confident that studying these essays will help you prepare very well for Paper 2. I hope this pack helps you reach your goals, happy studying! As always, feedback, comments and concerns are welcome UNIT 2: ESSAYS: 12 Markers: With the help of a demand and supply diagram, explain how the introduction of an indirect tax affects equilibrium in a market and consider the extent to which the incidence of the tax will fall on the consumer. Explain why the provision of bus and local rail (mass transit) services in cities is classified as a private good not a public good and consider why such services might only be provided by the private sector. Explain why a government might decide to increase its direct provision of essential goods and services and consider whether such a policy is always likely to be successful. 8 Markers: With the help of a formula, explain the meaning of income elasticity of demand and consider the extent to which a rise in income will increase the consumption of all goods and services 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. Explain two factors that will determine the price elasticity of demand for a particular brand of car and how this price elasticity of demand may change over time. With the help of diagrams, use the concept of income elasticity of demand to explain the impact of a fall in incomes on the equilibrium price and equilibrium quantity of a normal good and an inferior good. With the help of diagrams, explain the difference between a cause of movement along the demand curve and a shift in the demand curve. Consider the impact of a change in demand of one good due to the change in price of another good. Explain the determinants of supply for an agricultural product, such as rice, and consider which of these determinants is likely to be of the greatest significance at the present time. From 2030, most new car production in the United Kingdom (UK) will be of electric cars. Excluding the price of electric cars, explain the determinants of demand for electric cars and consider which of these determinants is likely to be of greatest significance at the present time. Explain how equilibrium position is set in the market and which factors are most important to affect it. Explain the functions of price in resource allocation and consider the importance of these functions in relation to the potential effectiveness of a market economy.
CIE 9708 Economics AS Level Essay package Unit 3 Government microeconomic interventionQuick View
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CIE 9708 Economics AS Level Essay package Unit 3 Government microeconomic intervention

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CIE 9708 Economics AS Level Essay package(Model answers) Unit 3 :Government microeconomic intervention.For examination 2026-2028. I’m confident that studying these essays will help you prepare very well for Paper 2. I hope this pack helps you reach your goals, happy studying! As always, feedback, comments and concerns are welcome UNIT 3: ESSAYS: 12 MARKERS Assess Whether the Expected Benefits of Providing Healthcare Services Free of Charge at the Point of Use Exceed the Likely Costs. Assess Whether Fixing a Minimum Price Is Likely to Be the Best Policy to Reduce the Consumption of a Demerit Good Assess Whether Bus and Local Rail Systems in Cities Should Receive Substantial Subsidies from Governments. Assess Whether the Use of a Maximum Price Is Always Advantageous. Assess Whether the Introduction of a Minimum Price in a Market Can Be Justified. Assess Whether Maximum Price or Transfer Payments Are More Effective to Reduce the Price of Food Items 8 MARKERS With the help of a demand and supply diagram, explain how the introduction of an indirect tax affects equilibrium in a market and consider the extent to which the incidence of the tax will fall on the consumer. : Explain why the provision of bus and local rail (mass transit) services in cities is classified as a private good not a public good and consider why such services might only be provided by the private sector. Explain why a government might decide to increase its direct provision of essential goods and services and consider whether such a policy is always likely to be successful.
CIE Economics 9708 AS level Essays package with modelanswers Unit 4: Economic growthQuick View
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CIE Economics 9708 AS level Essays package with modelanswers Unit 4: Economic growth

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CIE Economics 9708 AS level Essays with model answers from past papers 2023-present Unit 4: Economic growth.For examination 2026-2028. I’m confident that studying these essays will help you prepare very well for Paper 2. I hope this pack helps you reach your goals, happy studying! As always, feedback, comments and concerns are welcome UNIT 4: ESSAYS: 12 MARKERS Assess whether economic growth is always desirable for an economy. Assess whether increases in aggregate demand are the best way of reducing unemployment in a high-income country 8 MARKERS Explain what is meant by aggregate supply and explain one reason why the aggregate supply curve of an economy would shift outwards in (i) the short run, and (ii) the long run. Explain three of the components of aggregate demand and consider the extent to which they may be increased without leading to inflation With the help of a diagram, explain what is meant by the circular flow of income in an open economy and consider the extent to which it can explain economic growth in such an economy Explain the circular flow of income in a closed economy and consider the extent to which the circular flow of income changes as an economy becomes an open economy. With the help of a diagram, explain how increases in aggregate demand affect the level of real output and the price level in an economy and consider when such increases may become a problem. Explain two possible causes of economic growth and consider whether the consequences of economic growth for an economy will always be positive. Explain three causes of unemployment and consider which cause is likely to be most damaging to a high-income economy With reference to a country that is known to you, explain the main causes of unemployment and consider which of these causes is most significant. In 2021, year-on-year inflation in many economies increased to a level not experienced for fifty years. With the help of a diagram, explain what is meant by cost-push inflation and consider whether this type of inflation has affected your own economy since 2021. With the help of a diagram, explain one reason for an increase in aggregate demand and one reason for an increase in aggregate supply and consider whether an increase in aggregate demand will always lead to inflation. Explain causes of inflation. Consider whether depreciation of a country’s currency that has less natural resources is more likely to face demand-pull inflation. Explain the difference between cost-push inflation and demand-pull inflation.
CIE Economics 9708 AS Level Essays package Unit 5:Government macroeconomy interventionQuick View
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CIE Economics 9708 AS Level Essays package Unit 5:Government macroeconomy intervention

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CIE Economics 9708 AS Level Essays package with Model answers from past papers for examinations 2026-2028. Unit 5:Govenment macroeconomy intervention. I’m confident that studying these essays will help you prepare very well for Paper 2. I hope this pack helps you reach your goals, happy studying! As always, feedback, comments and concerns are welcome UNIT 5: ESSAYS 12 MARKERS Assess whether a government should always aim for an expansionary fiscal policy rather than a contractionary fiscal policy. Assess the extent to which it would be possible to achieve this by fiscal policy alone Discuss the ways in which fiscal policy can be used to increase the aggregate supply of products in an economy and consider whether this approach is likely to be effective. Discuss the view that direct taxes are the fairest and the most effective way for governments to raise revenue. Assess which expansionary macroeconomic policy would be most likely to enable a government to meet its economic objective of a low rate of unemployment. Discuss whether an expansionary monetary policy will be successful in correcting deflation Discuss whether a contractionary monetary policy is the best way to reduce the rate of inflation Discuss whether a government should use monetary policy or fiscal policy to solve the problem of deflation in an economy Discuss whether a substantial rise in interest rates is the best way of correcting this increased rate of inflation Assess whether supply-side policy is likely to be equally successful in reducing both structural and cyclical unemployment Assess whether supply-side policy is the most effective way to achieve long-run economic growth . Assess whether supply-side policy is the only way of reducing long-term unemployment in an economy. . Assess whether supply-side policies are the most effective way to correct a deficit on the current account of the balance of payments of an economy Discuss whether supply-side policies will be successful in increasing the quantity and quality of the factor enterprise in a modern economy. 8 MARKERS . Explain the reasons why governments impose taxes and consider whether an increase in income tax is fairer than an increase in sales taxes Explain the difference between a progressive direct tax and a regressive indirect tax, with an example of each. “A government embarks on a supply-side policy involving substantial additional funding for new road schemes and for new training schemes designed to raise labour productivity.” Use an AD/AS diagram to explain the effects of this funding on the level of output in the economy. Discuss the view that direct taxes are the fairest and the most effective way for governments to raise revenue.