Component 3: Evaluating Economic Models and Policies · A520U30-1
Eduqas A-level Component 3, June 2022
All 12 written questions from Eduqas A-level Component 3 (June 2022), Component 3: Evaluating Economic Models and Policies. Case studies: UK fifth most unequal country in Europe, "Monopolies always abuse their power", Inflation likely to go above target in the UK, Sajid Javid: "Austerity is over" (September 2019), IMF: Weak governance a key obstacle to growth and… and Germany runs permanent current account surplus. Each question shows its marks and topic, and opens the question paper and mark scheme at the right page.
The 2022 question paper carries the Z22 reference, from the adapted summer 2022 series. Its mark scheme is the summer 2022 one.
Section A
Case study
UK fifth most unequal country in Europe
Q1(a)OptionalExplain10 marks
Explain why governments might intervene to reduce income inequality.
Mark splitKnowledge 6Analysis 4
TopicPoverty and inequality
Q1(b)OptionalEvaluate20 marks
Evaluate policies that a government could introduce to reduce income inequality in the UK.
Mark splitKnowledge 6Analysis 6Evaluation 8
TopicPoverty and inequality
Case study
"Monopolies always abuse their power"
Q2(a)OptionalExplain10 marks
Explain how firms can sustain their monopoly power.
Mark splitKnowledge 6Analysis 4
TopicMarket structures
Q2(b)Optional20 marks
To what extent can a natural monopoly ever be efficient? Use a diagram(s) to support your answer.
Mark splitKnowledge 6Analysis 6Evaluation 8
TopicMarket structures
Section B
Case study
Inflation likely to go above target in the UK
Q3(a)OptionalExplain10 marks
Explain the main costs of inflation to an economy.
Mark splitKnowledge 6Analysis 4
TopicMeasuring economic performance
Q3(b)OptionalEvaluate20 marks
Evaluate possible policies that could be used to reduce the rate of inflation.
Mark splitKnowledge 6Analysis 6Evaluation 8
TopicMeasuring economic performance
Case study
Sajid Javid: "Austerity is over" (September 2019)
In the extracts: Sajid Javid
Q4(a)OptionalExplain10 marks
Explain why it may be difficult for governments to achieve their macroeconomic policy objectives at the same time.
Mark splitKnowledge 6Analysis 4
TopicMacroeconomic objectives and policy
Q4(b)OptionalDiscuss20 marks
Discuss the extent to which the use of expansionary fiscal policy is appropriate during economic downturns.
Mark splitKnowledge 6Analysis 6Evaluation 8
TopicMacroeconomic objectives and policy
Section C
Case study
IMF: Weak governance a key obstacle to growth and development
In the extracts: IMF
Q5(a)OptionalExplain10 marks
Explain why poor governance can be an obstacle to economic growth and development in LEDCs.
Mark splitKnowledge 6Analysis 4
TopicEconomic growth and the economic cycle
Q5(b)Optional20 marks
Consider how effective the interventionist policies of import substitution and export-led industrialisation are likely to be in raising the levels of economic growth and development in LEDCs.
Mark splitKnowledge 6Analysis 6Evaluation 8
TopicInternational trade and exchange ratesEconomic growth and the economic cycle
Case study
Germany runs permanent current account surplus
In the extracts: Germany
Q6(a)OptionalExplain10 marks
Explain why some countries have long-term current account surpluses on their balance of payments.
Mark splitKnowledge 6Analysis 4
TopicMeasuring economic performanceInternational trade and exchange rates
Q6(b)OptionalEvaluate20 marks
Evaluate the view that a current account surplus is always beneficial to an economy.
Mark splitKnowledge 6Analysis 6Evaluation 8
TopicInternational trade and exchange ratesMeasuring economic performance
