A Level - Edexcel
A LevelEconomics ASample Assessment MaterialsPearson Edexcel Level 3 Advanced GCE in Economics A (9EC0)First teaching from September 2015First certification from 2017Issue 2
Edexcel, BTEC and LCCI qualificationsEdexcel, BTEC and LCCI qualifications are awarded by Pearson, the UK’s largest awardingbody offering academic and vocational qualifications that are globally recognised andbenchmarked. For further information, please visit our qualification websites atwww.edexcel.com, www.btec.co.uk or www.lcci.org.uk. Alternatively, you can get intouch with us using the details on our contact us page atqualifications.pearson.com/contactusAbout PearsonPearson is the world's leading learning company, with 40,000 employees in more than70 countries working to help people of all ages to make measurable progress in theirlives through learning. We put the learner at the centre of everything we do, becausewherever learning flourishes, so do people. Find out more about how we can help youand your learners at qualifications.pearson.comThese sample assessment materials are Issue 2. We will inform centres of anychanges to this issue. The latest issue can be found on the Pearson website:qualifications.pearson.comReferences to third party material made in this sample assessment materials are made ingood faith. Pearson does not endorse, approve or accept responsibility for the content ofmaterials, which may be subject to change, or any opinions expressed therein. (Materialmay include textbooks, journals, magazines and other publications and websites.)All information in this document is correct at time of publication.Original origami artwork: Mark BolithoOrigami photography: Pearson Education Ltd/Naki KouyioumtzisISBN 978 1 4469 3893 5All the material in this publication is copyright Pearson Education Limited 2016
Summary of Pearson Edexcel Level 3 Advanced GCE inEconomics A SAMs Issue 2 changesSummary of changes made between previous issue and thiscurrent issuePage numberInstruction on calculators added to front cover of 9EC0/01Change made to mark scheme for 9EC0/01 Question 1(a)Change made to mark scheme for 9EC0/01 Question 4(a)Instruction on calculators added to front cover of 9EC0/02Change made to key on chart for 9EC0/02 Question 1Change made to chart for 9EC0/02 Question 4Instruction on calculators added to front cover of 9EC0/03Mark scheme grids for Question 1(d) replaced with correctMark scheme grids for Question 1(e) replaced with correctMark scheme grids for Question 2(d) replaced with correctMark scheme grids for Question 2(e) replaced with rsionsversionsEarlier issues show previous changes.If you need further information on these changes or what they mean, contact us via ourwebsite at: tml.
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 2 – October 2016 Pearson Education Limited 20161
2Pearson Edexcel Level 3 Advanced GCE in Economics ASample Assessment Materials – Issue 2 – October 2016 Pearson Education Limited 2016
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 2 – October 2016 Pearson Education Limited 20163
4Pearson Edexcel Level 3 Advanced GCE in Economics ASample Assessment Materials – Issue 2 – October 2016 Pearson Education Limited 2016
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 must have a calculator.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. Calculators may be used.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. TryCheck 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 2 – October 2016 Pearson Education Limited 2016Turn 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 2 – October 2016 Pearson Education Limited 2016
(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 2 – October 2016 Pearson Education Limited 201673Turn 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 2 – October 2016 Pearson Education Limited 2016
(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 2 – October 2016 Pearson Education Limited 201695Turn 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 2 – October 2016 Pearson Education Limited 2016
(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 2 – October 2016 Pearson Education Limited 2016711Turn 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). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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 the benchmark to develop the assessment students will take.
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