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1. Division of Labour and Cost Efficiency – Analysis of how specialization in smartphone production impacts costs and efficiency.

2. Functions of Money in Specialization – Explanation of how money facilitates trade and specialization in manufacturing.

3. External Benefits and Market Intervention – Identification of external benefits and government measures to achieve social optimum consumption.

4. Price Elasticity of Demand and Consumer Behavior – Calculation of demand changes based on price elasticity and impact on total revenue.

5. Government Housing Schemes and Market Effects – Assessment of the Help to Buy scheme’s influence on rental markets and housing affordability.

6. Price Mechanism in Housing Allocation – Discussion on the role of market forces in determining housing supply and demand.

Edexcel AS Level Economics A (8EC0) Jun 2016

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Classification: Edexcel Paper 1

Page count: 24

Viewed: 10

Last update: 3 months ago

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Economics (A) 8EC0/01 May June 2016 | Edexcel AS Level Past Papers With Mark Scheme

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