Paper 3: The economic environment and business · 9EB0/03

Edexcel B A-level Paper 3, November 2021

All 8 written questions from Edexcel B A-level Paper 3 (November 2021), The economic environment and business. Case studies: UK’s productivity crisis and UK fuel market by brand 2019. Each question shows its marks and topic, and opens the question paper and mark scheme at the right page.

Question paper Mark scheme Insert

Summer exams were cancelled, so this paper was sat in the autumn series. The paper itself is headed with the original summer date.

Section A

Case study

UK’s productivity crisis

Extracts: A: UK’s productivity crisis · B: UK economic forecast 2019

In the extracts: GDP, United Kingdom, OECD, Aged, Organisation for Economic Co-operation, Office for National Statistics, Sweden Netherlands Japan, Prime Minister Margaret, West Germany and Italy, Ireland France Canada

Q1(a)Discuss8 marks

Discuss the link between productivity and competitiveness in the UK economy.

Mark splitKnowledge 2Application 2Analysis 2Evaluation 2

TopicProductive efficiencyLife in a global economy

Question paper p.5 Mark scheme p.4 Insert Open in the tool

Q1(b)Assess10 marks

Using a suitable diagram, assess the importance of an increase in productivity to UK economic growth.

Mark splitKnowledge 2Application 2Analysis 3Evaluation 3

TopicProductive efficiencyThe economic cycle

Question paper p.6 Mark scheme p.6 Insert Open in the tool Draw it: AD/AS diagram

Q1(c)Assess12 marks

Assess the importance of technology in increasing the productivity of the UK economy.

Mark splitKnowledge 2Application 2Analysis 4Evaluation 4

TopicProductive efficiency

Question paper p.8 Mark scheme p.8 Insert Open in the tool

Q1(d)Evaluate20 marks

Evaluate the use of demand-side policies to increase growth in the UK economy.

Mark splitKnowledge 4Application 4Analysis 6Evaluation 6

TopicIntroduction to macroeconomic policy

Question paper p.10 Mark scheme p.10 Open in the tool

Section B

Case study

UK fuel market by brand 2019

Extracts: C: UK fuel market by brand 2019 · D: The Competition and Markets Authority (CMA) blocks Sabre’s proposed takeover of · E: Thousands of UK shops left empty as high street crisis deepens · F: UK to introduce world first online safety laws · G: Selected figures from a ‘Short Guide to Regulation’ by the National Audit Office (NAO)

In the extracts: CMA, Regulation, Sabre, Fuel, Competition and Markets Authority, Carpetright and Mothercare, Gourmet Burger Kitchen, National Audit Office, Us and Multiyork, Thousands of UK

Q2(a)Discuss8 marks

Using a suitable calculation, discuss the extent to which the UK fuel market can be described as an oligopoly.

Mark splitKnowledge 2Application 2Analysis 2Evaluation 2

TopicCompetition and market power

Question paper p.16 Mark scheme p.12 Insert Open in the tool Practise the kinked demand diagram

Q2(b)Assess10 marks

Assess the role of the Competition and Markets Authority (CMA) in promoting competition in the UK economy.

Mark splitKnowledge 2Application 2Analysis 3Evaluation 3

TopicMarket power and market failure

Question paper p.17 Mark scheme p.14 Insert Open in the tool

Q2(c)Assess12 marks

Assess the extent to which the model of perfect competition helps to explain how the UK fuel and retail markets work.

Mark splitKnowledge 2Application 2Analysis 4Evaluation 4

TopicCompetition and market power

Question paper p.19 Mark scheme p.16 Insert Open in the tool Practise the perfect competition diagram

Q2(d)Evaluate20 marks

Evaluate arguments for the greater regulation of markets in the UK economy.

Mark splitKnowledge 4Application 4Analysis 6Evaluation 6

TopicMarket power and market failure

Question paper p.21 Mark scheme p.18 Open in the tool

Question text is quoted from the question papers, © Pearson Edexcel, for students’ private study. Open the official papers and mark schemes from the links on each question. Examiner insights are written with AI assistance and moderated by Finn.

Section A

UK’s productivity crisis

Section B

UK fuel market by brand 2019

Other years of Edexcel B A-level Paper 3

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