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1 A Level Economics ASample Assessment MaterialsPearson Edexcel Level 3 Advanced GCE in Economics A (9EC0)First teaching from September 2015 First certification from 2017 Issue 2 Edexcel, BTEC and LCCI qualifi cati ons Edexc el, BTEC and L CCI qual ifications ar e awarded by Pe arson, the UK s lar gest awarding body off ering acad emi c an d v ocational qualifications that a re gl obal ly reco gnise d and benchmar ked. For f urther i nfo rmation, please visit o ur qual ification websi tes at om, ec. co .uk or cc Al ternat ive ly, y ou c an get i n touch with us using th e detai ls on o ur c ontact us pag e at qual ifications. pear ntactus About Pearso n Pe arson i s the world's lead ing lear ning c ompan y, wi th 40,000 employe es in more th an 70 co untries worki ng to help people o f all ages to make m easurab le pr ogress i n th eir live s through l ear ning.

2 We put th e l ear ner at the c entre of everything we d o, because wherever l ear ning f lourishes, so d o p eople. Find out more about how we c an h elp y ou an d y our l ear ners at qual ifications. pear so m References to th ird party material made in th is sample ass essment material s ar e made in good f ai th. Pear so n d oes not endorse, ap prove or acc ept responsibilit y fo r th e co ntent of material s, which may be s ubject to c han ge, o r an y opinions exp ress ed therein. (Material may include t extbooks, journal s, magaz ines an d o ther publications an d websit es.) All info rmation in th is document i s correct at time of publication. Original o rigami ar twork: Mark Bolit ho Origami photograp hy: Pear so n Education L td/Naki K ouyi oumt zis ISB N 978 1 4469 3893 5 Al l th e material in th is publication is co pyright Pear so n Education L imi ted 2016 These sample assessment materials are Issue 2.

3 We will inform centres of any changes to this issue. The latest issue can be found on the Pearson website: of Pearson Edexcel Level 3 Advanced GCE in Economics A SAMs Issue 2 changes Summary of changes made between previous issue and this current issue Page number Instruction on calculators added to front cover of 9EC0/01 5 Change made to mark scheme for 9EC0/01 Question 1(a) 29 Change made to mark scheme for 9EC0/01 Question 4(a) 32 Instruction on calculators added to front cover of 9EC0/02 49 Change made to key on chart for 9EC0/02 Question 1 50 Change made to chart for 9EC0/02 Question 4 56 Instruction on calculators added to front cover of 9EC0/03 91 Mark scheme grids for Question 1(d) replaced with correct versions 118 Mark scheme grids for Question 1(e) replaced with correct versions 120 Mark scheme grids for Question 2(d) replaced with correct versions 126 Mark scheme grids for Question 2(e) replaced with correct versions 128 Earlier issues show previous changes.

4 If you need further information on these changes or what they mean, contact us via our website at: Edexcel, BTEC and LCCI qualifi cati ons Edexc el, BTEC and L CCI qual ifications ar e awarded by Pe arson, the UK s lar gest awarding body off ering acad emi c an d v ocational qualifications that a re gl obal ly reco gnise d and benchmar ked. For f urther i nfo rmation, please visit o ur qual ification websi tes at om, ec. co .uk or cc Al ternat ive ly, y ou c an get i n touch with us using th e detai ls on o ur c ontact us pag e at qual ifications. pear ntactus About Pearso n Pe arson i s the world's lead ing lear ning c ompan y, wi th 40,000 employe es in more th an 70 co untries worki ng to help people o f all ages to make m easurab le pr ogress i n th eir live s through l ear ning. We put th e l ear ner at the c entre of everything we d o, because wherever l ear ning f lourishes, so d o p eople.

5 Find out more about how we c an h elp y ou an d y our l ear ners at qual ifications. pear so m References to th ird party material made in th is sample ass essment material s ar e made in good f ai th. Pear so n d oes not endorse, ap prove or acc ept responsibilit y fo r th e co ntent of material s, which may be s ubject to c han ge, o r an y opinions exp ress ed therein. (Material may include t extbooks, journal s, magaz ines an d o ther publications an d websit es.) All info rmation in th is document i s correct at time of publication. Original o rigami ar twork: Mark Bolit ho Origami photograp hy: Pear so n Education L td/Naki K ouyi oumt zis ISB N 978 1 4469 3893 5 Al l th e material in th is publication is co pyright Pear so n Education L imi ted 2016 These sample assessment materials are Issue 2.

6 We will inform centres of any changes to this issue. The latest issue can be found on the Pearson website: Introduction 12 General marking guidance 33 Paper 1: Markets and business behaviour 54 Paper 1 Mark Scheme 295 Paper 2: The national and global economy 496 Paper 2 Mark Scheme 737 Paper 3: Microeconomics and macroeconomics 918 Paper 3 Mark Scheme 113 Introduction The Pearson Edexcel Level 3 Advanced GCE in Economics A is designed for use in schools and colleges. It is part of a suite of GCE qualifications offered by Pearson. These sample assessment materials have been developed to support this qualification and will be used as the benchmark to develop the assessment students will take. Introduction The Pearson Edexcel Level 3 Advanced GCE in Economics A is designed for use in schools and colleges. It is part of a suite of GCE qualifications offered by Pearson. These sample assessment materials have been developed to support this qualification and will be used as the benchmark to develop the assessment students will take.

7 1 Pearson Edexcel Level 3 Advanced GCE in Economics ASample Assessment Materials Issue 2 October 2016 Pearson Education Limited 2016 General marking guidance All candidates must receive the same treatment. Examiners must mark the last candidate in exactly the same way as they mark the first. Mark schemes should be applied positively. Candidates must be rewarded for what they have shown they can do rather than be penalised for omissions. Examiners should mark according to the mark scheme not according to their perception of where the grade boundaries may lie. All the marks on the mark scheme are designed to be awarded. Examiners should always award full marks if deserved, if the answer matches the mark scheme. Examiners should also be prepared to award zero marks if the candidate s response is not worthy of credit according to the mark scheme. Where some judgement is required, mark schemes will provide the principles by which marks will be awarded and exemplification/indicative content will not be exhaustive.

8 When examiners are in doubt regarding the application of the mark scheme to a candidate s response, a senior examiner must be consulted before a mark is given. Crossed-out work should be marked unless the candidate has replaced it with an alternative response. 2 Pearson Edexcel Level 3 Advanced GCE in Economics ASample Assessment Materials Issue 2 October 2016 Pearson Education Limited 2016 General marking guidance All candidates must receive the same treatment. Examiners must mark the last candidate in exactly the same way as they mark the first. Mark schemes should be applied positively. Candidates must be rewarded for what they have shown they can do rather than be penalised for omissions. Examiners should mark according to the mark scheme not according to their perception of where the grade boundaries may lie. All the marks on the mark scheme are designed to be awarded. Examiners should always award full marks if deserved, if the answer matches the mark scheme.

9 Examiners should also be prepared to award zero marks if the candidate s response is not worthy of credit according to the mark scheme. Where some judgement is required, mark schemes will provide the principles by which marks will be awarded and exemplification/indicative content will not be exhaustive. When examiners are in doubt regarding the application of the mark scheme to a candidate s response, a senior examiner must be consulted before a mark is given. Crossed-out work should be marked unless the candidate has replaced it with an alternative response. 3 Pearson Edexcel Level 3 Advanced GCE in Economics ASample Assessment Materials Issue 2 October 2016 Pearson Education Limited 20164 Pearson Edexcel Level 3 Advanced GCE in Economics ASample Assessment Materials Issue 2 October 2016 Pearson Education Limited 2016 Centre NumberCandidate NumberWrite your name hereSurnameOther namesTotal MarksTurn over Paper ReferencePearson Edexcel Level 3 GCE*S47427A0123*S47427A 2014 Pearson Education Use black ink or ball-point pen.

10 Fill in the boxes at the top of this page with your name, centre number and candidate number. There are three sections in this question paper. Answer all questions from Section A and Section B. Answer one question from Section C. Answer the questions in the spaces provided there may be more space than you need. Calculators may be The total mark for this paper is 100. The marks for each question are shown in brackets use this as a guide as to how much time to spend on each Read each question carefully before you start to answer it. Try to answer every question. Check your answers if you have time at the must have a assessment material for first teaching September 2015 Time: 2 hoursEconomics AAdvancedPaper 1: Markets and business behaviour5 Pearson Edexcel Level 3 Advanced GCE in Economics ASample Assessment Materials Issue 2 October 2016 Pearson Education Limited 20162*S47427A0223*SECTION AAnswer ALL questions.