Economics 7135 Paper 2 June 2018, AQA AS-Level Past Papers with Mark Schemes

AQA AS Level Economics (7135) Jun 2018

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The exam evaluates macroeconomic concepts, national economic performance, and government policy analysis. Topics include the circular flow of income, inflation, unemployment, and supply-side policies. Analytical tasks explore aggregate demand and supply dynamics, the accelerator theory, and production possibility frontiers. Section B examines contextual applications such as economic shocks and government industrial strategies, addressing topics like infrastructure investment, tax reforms, and productivity improvements. Quantitative reasoning is assessed through multiplier calculations, GDP analysis, and funding distribution. The exam emphasizes evaluating policy impacts on economic stability, resource allocation, and long-term growth within a global and national context.