Popular courses 'Edexcel' at edexcel
Edexcel Study guides, Class notes & Summaries
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Edexcel a level music question paper 3 june 2023 + mark scheme
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Mark Scheme (Results) 
Summer 2023 
Pearson Edexcel Level 3 Advanced GCE in Music 
(9MU0) 
Component 3: AppraisingEdexcel and BTEC Qualifications 
Edexcel and BTEC qualifications are awarded by Pearson, the UK’s largest awarding body. We 
provide a wide range of qualifications including academic, vocational, occupational and specific 
programmes for employers. For further information visit our qualifications websites at 
 or . Alternatively, you can get in touch with us using the details 
on o...
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Edexcel a level history question paper optio n 2c 1 2 june 2023+ mark scheme
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Mark Scheme (Results) 
Summer 2023 
Pearson Edexcel GCE 
In History (9HI0/2C) 
Advanced 
Paper 2: Depth study 
Option 2C.1: France in revolution, 1774- 
99 
Option 2C.2: Russia in revolution, 1894- 
1924Edexcel and BTEC Qualifications 
Edexcel and BTEC qualifications are awarded by Pearson, the UK’s largest awarding body. We provide a 
wide range of qualifications including academic, vocational, occupational and specific programmes for 
employers. For further information visit our qualificatio...
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Edexcel Economics A Level Theme 1 Questions & Correct Answers/ Graded A+
- Exam (elaborations) • 18 pages • 2024
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scarce resources 
: resources that are limited or finite 
opportunity cost 
: the value of the next best alternative forgone 
economic problem 
: resources are scarce but wants are unlimited 
production possibility frontier 
: a diagram that shows all the combinations of two goods that can be produced when all factors 
of production are being used 
normative statement 
: an economic statement based on a value judgement and therefore cannot be tested 
positive statement 
2 
: an economic stateme...
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Edexcel A Level Economics B 1.1 Questions & Correct Answers/ Graded A+
- Exam (elaborations) • 10 pages • 2024
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1.1.1 - The Economic Problem 
: 
The basic economic problem 
: Scarcity - unlimited wants and finite resources, so choices have to be made. Resources have to 
be used and distributed optimally. Scarcity refers to the shortage of resources in relation to the 
quantity of human wants. 
Scarcity Example 
: For example, if you only have £1 and you go to a shop, you can buy either the chocolate bar or 
the packet of crisps. The scarcity of the resource (the money) means a choice has to be made ...
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Edexcel A-level Economics Theme 2 Questions & Correct Answers/ Graded A+
- Exam (elaborations) • 38 pages • 2024
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Macroeconomics 
: The study of the economy as a whole, including inflation, growth and unemployment. 
Aggregate demand 
: The total amount of goods / services demanded in an economy at a given time at a given price 
level. 
Aggregate supply 
: Total amount of goods and services supplied in the economy at a given time at given price 
level. 
What is GDP? 
: Gross Domestic Product = the total value of all goods and services produced in an economy in a 
given time period. 
What does % change in ...
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Edexcel Economics A: Theme 1.2 Questions & Correct Answers/ Graded A+
- Exam (elaborations) • 5 pages • 2024
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Market 
: Where consumers and producers come into contact with each other to exchange goods and 
services 
Utility 
: The amount of satisfaction obtained from consuming a good or service 
Rational decision making 
: Where consumers allocate their expenditure on goods and services to maximize utility, and 
producers allocate their resources to maximize profits 
Demand 
: The quantity of a good or service purchased at a given price over a given period of time 
Demand curve 
: Shows the quantity ...
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Edexcel A-level Economics Paper 2 Questions & Correct Answers/ Graded A+
- Exam (elaborations) • 56 pages • 2024
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Macroeconomics 
: The study of the economy as a whole, including inflation, growth and unemployment. 
Aggregate demand 
: The total of all demands or expenditures in the economy at any given price. 
Aggregate demand curve 
: Shows the relationship between the price level and equilibrium national income. As the price 
level rises the equilibrium level of national income falls. 
Animal spirits 
: Business confidence: the mood of managers and owners of firms about the future of their 
industry an...
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Edexcel A-Level Economics Theme 3 Questions & Correct Answers/ Graded A+
- Exam (elaborations) • 16 pages • 2024
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Firm 
: An organisation that brings together factors of production in order to produce output. 
Reasons Firms Grow 
: 1. Increase market share. 
2. Increase economies of scale. 
3. Gain power. 
Reasons Firms Remain Small 
: 1. Legal barriers. 
2. Overt barriers 
3. High sunk costs. 
4. Niche-market business. 
5. Lack of expertise. 
6. Optimum efficiency achieved. 
Barriers to Entry 
2 
: Obstacles that ensure the continued existence of monopoly power of firms in a market. 
Predatory Pricing 
: P...
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Edexcel A-level Economics Theme 2.2-2.4 Questions & Correct Answers/ Graded A+
- Exam (elaborations) • 7 pages • 2024
- Available in package deal
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Aggregate demand 
: The total of all demands or expenditures in the economy at any given price. 
Aggregate demand curve 
: Shows the relationship between the price level and equilibrium national income. As the price 
level rises the equilibrium level of national income falls. 
Animal spirits 
: Business confidence: the mood of managers and owners of firms about the future of their 
industry and the wider economy. 
Investment 
: The addition to the capital stock of the economy. 
Retained profit...
-
Edexcel A-level Economics Theme 2.2-2.4 Questions & Correct Answers/ Graded A+
- Exam (elaborations) • 7 pages • 2024
- Available in package deal
-
- $10.49
- + learn more
Aggregate demand 
: The total of all demands or expenditures in the economy at any given price. 
Aggregate demand curve 
: Shows the relationship between the price level and equilibrium national income. As the price 
level rises the equilibrium level of national income falls. 
Animal spirits 
: Business confidence: the mood of managers and owners of firms about the future of their 
industry and the wider economy. 
Investment 
: The addition to the capital stock of the economy. 
Retained profit...
-
Edexcel Economics A Level Theme 1 Questions & Correct Answers/ Graded A+
- Exam (elaborations) • 18 pages • 2024
- Available in package deal
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- $11.79
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scarce resources 
: resources that are limited or finite 
opportunity cost 
: the value of the next best alternative forgone 
economic problem 
: resources are scarce but wants are unlimited 
production possibility frontier 
: a diagram that shows all the combinations of two goods that can be produced when all factors 
of production are being used 
normative statement 
: an economic statement based on a value judgement and therefore cannot be tested 
positive statement 
2 
: an economic stateme...
-
Edexcel A Level Economics B 1.1 Questions & Correct Answers/ Graded A+
- Exam (elaborations) • 10 pages • 2024
- Available in package deal
-
- $10.49
- + learn more
1.1.1 - The Economic Problem 
: 
The basic economic problem 
: Scarcity - unlimited wants and finite resources, so choices have to be made. Resources have to 
be used and distributed optimally. Scarcity refers to the shortage of resources in relation to the 
quantity of human wants. 
Scarcity Example 
: For example, if you only have £1 and you go to a shop, you can buy either the chocolate bar or 
the packet of crisps. The scarcity of the resource (the money) means a choice has to be made ...
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