Here are some additional economics essay questions (EQs) for practice, which hopefully will be useful, relevant, and helpful to you in your revision. In this post, you will find a list of economics questions.
Where are these essay questions from?
Some of these essay questions were adapted from actual or past year A level essay questions, and some were actually from various countries' revision examination papers, or general questions on the world's economies.
What can you use these essay questions for?
These economics essay questions will be useful for the A level Economics examination paper, or for general economics essay practice, and will cover essay questions from various regions of the world such as Singapore, China, the United Kingdom (UK), and the United States of America (USA).
Practising these economics questions will allow you to apply your economics concepts and also engage with your material in an interesting and relevant way, and you can apply your critical thinking as to whether economic theories are validated in the real world, through real life economics examples. You can learn about economic perspectives through application.
Hopefully, for the next few posts here on JC Economics Essays, we will address (some, if not all of) these essay questions with a few suggested responses or model answers for you to think through and learn from, so that you can improve upon your essay skills and techniques for economics essay examinations.
Good luck, and all the best! Thank you.
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Explain how benefits to the UK economy can arise from exchanges, arising from specialization to address the central
problem of economics. [10]
In a particular year, the United Kingdom (UK) had poor harvests for grain
and potatoes, major ingredients of many of foods of UK consumers and inputs for animal feed for much of Britain’s
livestock. At the same time,
there was a decline in the real incomes of many UK citizens, hitting lowest income earners the hardest. Through economic analysis, discuss the
impact these two events
are likely to have had on UK consumers and farmers. [25]
Explain why microeconomic markets might fail in the
case of non-provision of public
goods and where information is imperfect or asymmetric. [10]
Explain the relative
importance of key sectors of the circular flow of income in determining the
national income in Singapore’s
case.
[10]
Explain the relative
importance of key sectors of the circular flow of income in determining the
national income in the United States of America. [10]
There is considerable
agreement over the need for governments worldwide to provide public goods for their electorates. There is less
agreement, however, over
the extent to which markets fail, because of imperfect information. Assess the alternative policies
that are adopted by the Singapore government to correct for both these types of
market failures. [15]
Explain the main determinants of actual and potential
economic growth in Singapore’s
context.
[10]
Assess alternative real world economic policies Singapore could adopt to maintain a long run, sustained, and non-inflationary rate of economic
growth in the future. [15]
Explain, with real world examples, ways in which
an economy might move from a point within its production possibility curve
(PPC) to a point on it. [10]
Discuss the most effective real world economic policies to move the
PPC outwards. [15]
Explain with economic analysis the
factors that influence the market demand and supply for a product such as mobile
telephones. [12]
Explain why, according to microeconomic analysis, there are economic benefits from large scale
organisations. [12]
Explain, with real world examples, why
barriers to entry are a key determinant of a firm’s pricing behaviour. [10]
Discuss the extent to which
the behaviour of firms depends on the actions of their rivals. [15]
Explain how a monopolist
would determine the price that would maximise profits. [10]
Discuss, with relevant real world examples,
whether
firms actually set
prices at profit-maximising levels. [25]
In the UK, railway tickets for train journeys may
be obtained cheaply if bought in advance. In 2000, railway companies jointly announced that
these tickets would be available only at major stations. Passengers
living near smaller stations would have to pay the full cost.
Explain what is price discrimination, and discuss whether this is an example
of price discrimination. [25]
Discuss what advantages and
disadvantages occur when large companies in the same industry “co-operate” with each other. [15]
Explain, with real world examples, why
pollution and congestion caused by cars are likely to cause market failure.
[10]
Explain, with suggested real world examples, what
might happen to the United
Kingdom’s national income if a newly-elected government were to reduce
personal income and
corporate income tax
rates. [10]
In the United Kingdom (UK), the growth of retail sales in 1996 was
higher than expected. As a result, it was suggested that the Chancellor should
consider raising interest rates to prevent inflation. Discuss whether interest
rates are likely to be an effective method of controlling inflation. [25]
Discuss, with real world economic examples,
whether the growth of China’s
economy would be detrimental to Singapore. [25]
Discuss, with real world economic examples,
whether the recovery of the US economy
would be undoubtedly positive in its impact for Singapore. [25]
Should increasing Gross Domestic Product (GDP) be the only objective of a country's economic policy? Discuss the validity of this question. [25]
Explain what went wrong
with the US economy during the great global financial crisis. [25]
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JC Economics Essays - here you will find many varied samples / practice / model GCE A level economics essays, GCSE A, AS level essays, H2 Economics Essays, H3 Economics Essays for students of economics or as background reading for first year university undergraduates
