Component 2: Exploring Economic Behaviour · A520U20-1

Eduqas A-level Component 2, June 2022

All 10 written questions from Eduqas A-level Component 2 (June 2022), Component 2: Exploring Economic Behaviour. Case studies: The only way is up? and Australia – out on its own. 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

The 2022 question paper carries the Z22 reference, from the adapted summer 2022 series. Its mark scheme is the summer 2022 one.

Case study

The only way is up?

In the extracts: Brexit, Bank of England, Bovis, FTSE, Knight Frank

Q1(a)6 marks

Using a revenue and costs diagram and with reference to the data, outline why Bovis Homes' profits rose in 2018.

Mark splitKnowledge 4Application 2

TopicMacroeconomic objectives and policyInternational trade and exchange ratesAggregate demand

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

Q1(b)Explain6 marks

Explain the link identified in the data between the UK's balance of payments and house prices in the UK. (lines 7–10)

Mark splitKnowledge 2Application 1Analysis 3

TopicMeasuring economic performanceInternational trade and exchange rates

Question paper p.6 Mark scheme p.5 Examiner report p.6 Open in the tool

Q1(c)9 marks

With reference to the data and using a diagram, discuss whether the Government should introduce maximum rents in the UK rental market.

Mark splitKnowledge 2Application 2Analysis 2Evaluation 3

TopicMacroeconomic objectives and policyInternational trade and exchange ratesAggregate demand

Question paper p.6 Mark scheme p.7 Examiner report p.6 Open in the tool Draw it: maximum price diagram

Q1(d)8 marks

Based on the information available in the data (written in March 2019), discuss whether, at that time, house prices were more likely to rise than fall.

Mark splitApplication 3Analysis 2Evaluation 3

TopicMacroeconomic objectives and policyInternational trade and exchange ratesAggregate demand

Question paper p.6 Mark scheme p.9 Examiner report p.6 Open in the tool

Q1(e)Explain11 marks

With reference to the data, explain how the Bank of England's QE programme affects households and discuss the extent to which it has been beneficial for them.

Mark splitApplication 4Analysis 3Evaluation 4

TopicMacroeconomic objectives and policy

Question paper p.6 Mark scheme p.11 Examiner report p.6 Open in the tool

Case study

Australia – out on its own

In the extracts: Australia, Australian, GDP, LNG, Phil Gaetjens, Mr Gaetjens, Chinese

Q2(a)4 marks

With reference to Extract 1, outline the difference between a GDP recession and a 'per capita' recession.

Mark splitKnowledge 2Application 2

TopicEconomic growth and the economic cycle

Question paper p.10 Mark scheme p.13 Examiner report p.7 Open in the tool

Q2(b)Discuss8 marks

Discuss the possible effects of the changes in the household savings ratio shown in Figure 1 on Australian households and the Australian economy.

Mark splitKnowledge 1Application 2Analysis 2Evaluation 3

TopicAggregate demand

Question paper p.10 Mark scheme p.14 Examiner report p.7 Open in the tool

Q2(c)10 marks

Based on the information available in the data (written May 2019) assess the extent to which consumer spending in Australia was likely to continue to grow.

Mark splitApplication 3Analysis 3Evaluation 4

TopicEconomic growth and the economic cycleThe financial sectorGrowth and development

Question paper p.10 Mark scheme p.16 Examiner report p.7 Open in the tool

Q2(d)Explain8 marks

With reference to Extract 2, explain the need for regulation of financial systems.

Mark splitKnowledge 2Application 3Analysis 3

TopicGovernment intervention in markets

Question paper p.10 Mark scheme p.17 Examiner report p.7 Open in the tool

Q2(e)10 marks

To what extent is being 'well endowed with natural resources' (line 38) always a barrier to economic development? Use the data and your own knowledge to support your answer.

Mark splitKnowledge 2Application 2Analysis 3Evaluation 3

TopicEconomic growth and the economic cycleThe financial sectorGrowth and development

Question paper p.10 Mark scheme p.19 Examiner report p.7 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.

The only way is up?

Australia – out on its own

Other years of Eduqas A-level Component 2

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