Pearson Edexcel A Level In Economics A - Schudio
PearsonEdexcel A Levelin Economics ASAMPLE ASSESSMENT MATERIALSPearson Edexcel Level 3 Advanced GCE in Economics A (9EC0)First certification 2017Issue 1
Edexcel, BTEC and LCCI qualificationsEdexcel, BTEC and LCCI qualifications are awarded by Pearson, the UK’s largestawarding body offering academic and vocational qualifications that are globallyrecognised and benchmarked. For further information, please visit our qualificationwebsites at www.edexcel.com, www.btec.co.uk or www.lcci.org.uk. Alternatively,you can get in touch with us using the details on our contact us page atwww.edexcel.com/contactusAbout PearsonPearson is the world's leading learning company, with 40,000 employees in morethan 70 countries working to help people of all ages to make measurable progressin their lives through learning. We put the learner at the centre of everything wedo, because wherever learning flourishes, so do people. Find out more about howwe can help you and your learners at: www.pearson.com/ukReferences to third party material made in these sample assessment materials aremade in good faith. Pearson does not endorse, approve or accept responsibilityfor the content of materials, which may be subject to change, or any opinionsexpressed therein. (Material may include textbooks, journals, magazines andother publications and websites.)All information in this specification is correct at time of publication.ISBN 978 1 446 91260 7All the material in this publication is copyright Pearson Education Limited 2014
Contents1Introduction12General marking guidance33Paper 1: Markets and business behaviour54Paper 1 Mark Scheme295Paper 2: The national and global economy496Paper 2 Mark Scheme737Paper 3: Microeconomics and macroeconomics918Paper 3 Mark Scheme113
IntroductionThe Pearson Edexcel Level 3 Advanced GCE in Economics A is designed for use inschools and colleges. It is part of a suite of GCE qualifications offered by Pearson.These sample assessment materials have been developed to support thisqualification and will be used as the benchmark to develop the assessmentstudents will take.Pearson Edexcel Level 3 Advanced GCE in Economics ASample Assessment Materials – Issue 1 – September 2014 Pearson Education Limited 20141
2Pearson Edexcel Level 3 Advanced GCE in Economics ASample Assessment Materials – Issue 1 – September 2014 Pearson Education Limited 2014
General marking guidance All candidates must receive the same treatment. Examiners must mark the lastcandidate in exactly the same way as they mark the first. Mark schemes should be applied positively. Candidates must be rewarded for whatthey have shown they can do rather than be penalised for omissions. Examiners should mark according to the mark scheme – not according to theirperception of where the grade boundaries may lie. All the marks on the mark scheme are designed to be awarded. Examiners shouldalways award full marks if deserved, i.e. if the answer matches the mark scheme.Examiners should also be prepared to award zero marks if the candidate’s response isnot worthy of credit according to the mark scheme. Where some judgement is required, mark schemes will provide the principles bywhich marks will be awarded and exemplification/indicative content will not beexhaustive. When examiners are in doubt regarding the application of the mark scheme to acandidate’s response, a senior examiner must be consulted before a mark is given. Crossed-out work should be marked unless the candidate has replaced it with analternative response.Pearson Edexcel Level 3 Advanced GCE in Economics ASample Assessment Materials – Issue 1 – September 2014 Pearson Education Limited 20143
4Pearson Edexcel Level 3 Advanced GCE in Economics ASample Assessment Materials – Issue 1 – September 2014 Pearson Education Limited 2014
Write your name hereSurnameOther namesPearson EdexcelLevel 3 GCECentre NumberCandidate NumberEconomics AAdvancedPaper 1: Markets and business behaviourSample assessment material for first teachingSeptember 2015Time: 2 hoursPaper Reference9EC0/01You do not need any other materials.Total MarksInstructionsblack ink or ball-point pen. Usein the boxes at the top of this page with your name, Fillcentre number and candidate number.are three sections in this question paper. Answer all questions from ThereSection A and Section B. Answer one question from Section C.the questions in the spaces provided Answer– there may be more space than you need.Informationtotal mark for this paper is 100. Themarks for each question are shown in brackets The– use this as a guide as to how much time to spend on each question.Adviceeach question carefully before you start to answer it. Readto answer every question. Try Check your answers if you have time at the end.S47427A 2014 Pearson Education Ltd.2/2/1/1*S47427A0123*Pearson Edexcel Level 3 Advanced GCE in Economics ASample Assessment Materials – Issue 1 – September 2014 Pearson Education Limited 2014Turn over5
SECTION AAnswer ALL questions. Write your answers in the spaces provided.Use the data to support your answers where relevant. You may annotate and include diagramsin your answers.1 At the start of the 2012–13 football season the average ticket price in the top fourEnglish football leagues increased by 11%. During the 2012–13 season attendancefell 5%.(Source: html)(a) With reference to the data provided, calculate the price elasticity of demandfor football tickets in the English football leagues. You are advised to show yourworking.(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .(b) Derby County Football Club has found that the price elasticity of demand fortheir tickets is –0.3. Demand for their tickets is:(1)A perfectly price elasticB perfectly price inelasticC relatively price elasticD relatively price inelasticAnswer26*S47427A0223*Pearson Edexcel Level 3 Advanced GCE in Economics ASample Assessment Materials – Issue 1 – September 2014 Pearson Education Limited 2014
(c) Given the price elasticity of demand for Derby County Football Club’s tickets,explain the likely impact on their revenue of an increase in ticket prices.(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .(Total for Question 1 5 marks)*S47427A0323*Pearson Edexcel Level 3 Advanced GCE in Economics ASample Assessment Materials – Issue 1 – September 2014 Pearson Education Limited 201473Turn over
2 The table shows the quantity of PlayStation 4 games demanded and supplied.PriceQuantitydemanded permonth (000s)Quantity suppliedper month (000s) 25400320 30360360 35320400 40280440 45240480New quantitysupplied permonth (000s)As a result of an increase in packaging costs for the games, supply decreased by80 000 at all prices.(a) Calculate the change in equilibrium price given the increase in packaging costs.Use the last column for your workings.(4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .48*S47427A0423*Pearson Edexcel Level 3 Advanced GCE in Economics ASample Assessment Materials – Issue 1 – September 2014 Pearson Education Limited 2014
(b) PlayStation 4 games and PlayStation 4 consoles have a negative cross-elasticity ofdemand. This implies that these goods are:(1)A complementsB inferiorC normalD substitutesAnswer(Total for Question 2 5 marks)*S47427A0523*Pearson Edexcel Level 3 Advanced GCE in Economics ASample Assessment Materials – Issue 1 – September 2014 Pearson Education Limited 201495Turn over
3 Hawaii has a tax on packets of cigarettes. The diagram below shows the effectof this tax.S1Price ofcigarettes( )S 7.39 5.10 3.58D1014Quantity of cigarettes(thousands)(a) The tax imposed on a packet of cigarettes in the diagram above is an example of:(1)A an income taxB a subsidyC a specific taxD an ad valorem taxAnswer610*S47427A0623*Pearson Edexcel Level 3 Advanced GCE in Economics ASample Assessment Materials – Issue 1 – September 2014 Pearson Education Limited 2014
(b) Calculate the total incidence of the tax on consumers. You are advised to showyour working.(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .(c) Calculate the total tax revenue. You are advised to show your working.(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .(Total for Question 3 5 marks)*S47427A0723*Pearson Edexcel Level 3 Advanced GCE in Economics ASample Assessment Materials – Issue 1 – September 2014 Pearson Education Limited 2014711Turn over
4 The following table shows the sales (millions) of tablet computers inquarter 3, 2012 and quarter 3, 2013:Sales of tablets (millions)ManufacturerQuarter 3, 2012Quarter 3, .3Acer0.31.2others13.516.8Total34.847.6(Source: oid-posts-significant-gains)(a) The 3-firm concentration ratio in quarter 3, 2012 was 59.2%.Calculate the 3-firm concentration ratio in quarter 3, 2013 in this market.You are advised to show your working.(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .(b) It can be deduced from this data that the tablet computer market is:(1)A monopolistically competitiveB perfectly competitiveC oligopolisticD a natural monopolyAnswer812*S47427A0823*Pearson Edexcel Level 3 Advanced GCE in Economics ASample Assessment Materials – Issue 1 – September 2014 Pearson Education Limited 2014
(c) Explain one barrier to entry that is likely to exist in the tablet computer market.(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
The Pearson Edexcel Level 3 Advanced GCE in Economics A is designed for use in schools and colleges. It is part of a suite of GCE qualifications offered by Pearson. These sample assessment materials have been developed to support this qualification and will be used as th
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Pearson Edexcel Certificate Pearson Edexcel International GCSE Turn over . 2 *P48391A0228* DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA Answer ALL questions.
