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A Level Economics Foundations Questions

Every A Level H2 Economics exam question on foundations from the last ten years, linked to the worked answers, with the model essays on the same topic. Scarcity, opportunity cost and the production possibility curve.

This question bank is curated by Mr Eugene Toh, author of the H1 and H2 A Level Economics TYS answer keys, published by SAP and sold at Popular.

Past year exam questionsFoundations in the A Level papers

Past exam2024 Paper 2 essay25 marks

Explain why the fixed costs of owning a new car in Singapore are considerably higher than the variable costs and why this is likely to lead to...

FoundationsDemand and SupplyMarket Failure

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Past exam2023 Paper 1 case study30 marks

The case study examines the costs and benefits of education, drawing on it to test private and external benefits, opportunity cost, asymmetric...

The case study question is cited only. See the worked answer for the full breakdown.

Macro Indicators and Standard of LivingDemand and SupplyElasticitiesFoundationsMarket Failure

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Past exam2023 Paper 2 essay25 marks

Explain how a production possibility curve can be used to show the concepts of underutilisation of economic resources and opportunity cost. [10]

FoundationsMacro IssuesIntroduction to Macroeconomics

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Past exam2022 Paper 1 case study30 marks

The case study looks at innovation as a key to prosperity in an age of new technologies, drawing on the electric car transition, R&D and market...

The case study question is cited only. See the worked answer for the full breakdown.

Macro IssuesFirms and Market StructuresFoundationsIntroduction to MacroeconomicsMarket FailureTrade and Globalisation

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Past exam2021 Paper 2 essay25 marks

Explain how economic theory suggests consumers act rationally to decide whether or not to buy a bicycle, and how producers of bicycles act rationally...

FoundationsFirms and Market StructuresMarket Failure

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Past exam2018 Paper 1 case study30 marks

The case study examines fiscal policies for health improvement, using sugar-sweetened beverages as the lens to test elasticity, branding, rational...

The case study question is cited only. See the worked answer for the full breakdown.

ElasticitiesFirms and Market StructuresFoundationsMarket Failure

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Past exam2018 Paper 2 essay25 marks

Explain what needs to be considered when a government makes rational spending decisions about such projects.

FoundationsMarket Failure

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Model essaysWorked essays on foundations

Model essayH2 Economicspart (a) [10]

Explain how a rational consumer decides whether to buy an electric vehicle, and how a rational producer of electric vehicles determines their output level.

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Practice with guidance

Attempt them, then check against the model.

The worked answers to the past year questions are in the TYS Answers hub, and each model essay shows how a top answer is built. Every ETG student also gets the AI coach that plans every essay and case study with you. Bring your hardest question to a trial lesson.

Master the theory

Work the questions alongside the notes that teach the tools: Foundations notes, the Foundations model essays, and the full notes and glossary.

Questions students ask

Are these the official A Level Economics answers for the foundations questions?

No. SEAB sets and marks the A Level papers. The past year questions are cited so you can find them, and the worked answers and model essays are Mr Eugene Toh's own, author of the H1 and H2 A Level Economics TYS answer keys published by SAP and sold at Popular.

Where are the answers to these questions?

Each past year question links to its worked answer in the TYS Answers hub, and each model essay links to a full worked essay. Every ETG student also gets the AI coach that plans every essay and case study of the last ten years.

Can I get A Level Economics questions sorted by topic?

Yes. This page collects the exam questions and model essays on foundations in one place. Use the other topic pages in the question bank for the rest of the syllabus.

Free resources

Get the printable Summary and Diagrams pack.

The notes are free to read because the concepts should be. Join the mailing list for the 112 page Summary and Diagrams pack, drawn the way ETG teaches them, plus new chapters and worked answers as we publish. You can also follow along on Telegram.

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