Component 2: Exploring Economic Behaviour · A520U20-1

Eduqas A-level Component 2, June 2017

All 11 written questions from Eduqas A-level Component 2 (June 2017), Component 2: Exploring Economic Behaviour. Case studies: Up or down? The price of oil just can't win. and Rwanda bounces back. Each question shows its marks and topic, and opens the question paper and mark scheme at the right page.

Question paper Mark scheme Examiner report

Case study

Up or down? The price of oil just can't win.

In the extracts: European Central Bank, OPEC, Toyota and Honda, President Truman, Iran and Iraq, Bank of Japan, Shell and BP, Phillips, Japanese

Q1(a)2 marks

Describe what is meant by an oil price of $12 in 1974 being equivalent to '$54 in today's terms'. (Lines 11-13)

TopicMeasuring economic performanceThe labour marketMacroeconomic objectives and policy

Question paper p.4 Mark scheme p.3 Examiner report p.7 Open in the tool

Q1(b)4 marks

With the use of an appropriate cost and revenue diagram, describe how the events of the 1970s led to a collapse in company profits. (Lines 20-27)

TopicMeasuring economic performanceThe labour marketMacroeconomic objectives and policy

Question paper p.4 Mark scheme p.4 Examiner report p.7 Open in the tool Draw it: cost curves diagram Or: monopoly diagram

Q1(c)6 marks

Using a diagram, explain how the oil shock in the early 1970s might have caused the Phillips curve trade-off to become significantly less favourable.

TopicMacroeconomic objectives and policy

Question paper p.4 Mark scheme p.6 Examiner report p.7 Open in the tool Draw it: Phillips curve diagram

Q1(d)6 marks

With reference to Figure 2, discuss the possible relationship between oil prices and eurozone inflation.

Mark splitApplication 2Analysis 2Evaluation 2

TopicMeasuring economic performance

Question paper p.4 Mark scheme p.8 Examiner report p.8 Open in the tool

Q1(e)Discuss10 marks

Discuss whether the lower oil prices since 2014 are likely to be beneficial for the UK economy.

Mark splitApplication 2Analysis 4Evaluation 4

TopicMeasuring economic performanceThe labour marketMacroeconomic objectives and policy

Question paper p.4 Mark scheme p.10 Examiner report p.8 Open in the tool

Q1(f)12 marks

Discuss whether it is right to suggest that "the European Central Bank and the Bank of Japan should continue expanding their programmes of quantitative easing". (Lines 55-56)

Mark splitApplication 4Analysis 4Evaluation 4

TopicMacroeconomic objectives and policy

Question paper p.4 Mark scheme p.13 Examiner report p.8 Open in the tool Practise the AD/AS diagram

Case study

Rwanda bounces back

In the extracts: Rwanda, GDP, EAC, Salaam, Burundi, Uganda and South Sudan

Q2(a)12 marks

(i) Describe how the Human Development Index (HDI) is calculated. (ii) With the aid of the data discuss the extent to which the HDI can be said to be an accurate measure of economic development in a country.

Mark splitKnowledge 4Application 2Analysis 2Evaluation 4

TopicGrowth and development

Question paper p.8 Mark scheme p.15 Examiner report p.9 Open in the tool

Q2(b)Calculate4 marks

With reference to Table 1: (i) Calculate the population of Rwanda in 2015. (ii) What is meant by 'GDP at purchasing power parity'?

TopicMeasuring economic performance

Question paper p.8 Mark scheme p.18 Examiner report p.9 Open in the tool

Q2(c)4 marks

With the aid of a diagram explain why exports for Rwanda such as coffee and tea are subject to significant price volatility.

TopicGrowth and developmentInternational trade and exchange rates

Question paper p.8 Mark scheme p.19 Examiner report p.10 Open in the tool Draw it: PED and PES diagram

Q2(d)8 marks

Using the data evaluate the view that further industrialisation will be beneficial for Rwanda's economic development.

Mark splitApplication 2Analysis 2Evaluation 4

TopicPoverty and inequalityEconomic growth and the economic cycleMacroeconomic objectives and policy

Question paper p.8 Mark scheme p.21 Examiner report p.10 Open in the tool

Q2(e)12 marks

To what extent might a monetary union within the East Africa Community (EAC) benefit Rwanda?

Mark splitApplication 4Analysis 4Evaluation 4

TopicPoverty and inequalityEconomic growth and the economic cycleMacroeconomic objectives and policy

Question paper p.8 Mark scheme p.23 Examiner report p.10 Open in the tool

Question text is quoted from the question papers, © WJEC CBAC Ltd (Eduqas), 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.

Up or down? The price of oil just can't win.

Rwanda bounces back

Other years of Eduqas A-level Component 2

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