Edexcel A-Level Economics answers, written to the spec
4 topics · explanations and examiner marking in Edexcel’s own language
Studying Edexcel A-Level Economics? Pick your board once and every answer, mark and flashcard elid gives you follows that specification. Free to start, no card needed. Open elid →
This is the full Edexcel A-Level Economics specification, as elid holds it — 4 topics, each with the terminology Edexcel marks against. Every explanation and every mark elid gives you is written against this list, not a generic A-level one, because the same question answered in AQA, CAIE or OCR language loses marks it should have earned.
The Edexcel A-Level Economics specification, topic by topic
Theme 1: Introduction to Markets and Market Failure
Assessed in Paper 1, 3
Nature of economics, consumer behavior, demand, supply, market equilibrium, externalities, and public goods.
Business growth, revenues, costs, profits, market structures (perfect competition, oligopoly, monopoly), contestability, and labour market.
Specification terms elid matches
Business growth
marginal cost
average cost
marginal revenue
average revenue
supernormal profit
oligopoly
monopoly
wage rate
trade union
horizontal integration
vertical integration
organic growth
perfect competition
Theme 4: A Global Perspective
Assessed in Paper 2, 3
Globalisation, international trade, poverty and inequality, emerging economies, and the role of financial and state sectors.
Specification terms elid matches
globalisation
comparative advantage
absolute advantage
tariffs
quota
protectionism
poverty
inequality
exchange rates
trading blocs
customs union
free trade area
FDI
HDI
How the papers are weighted
elid uses these weightings when it decides which topics deserve your revision time first.
Paper
Share of the qualification
Paper 1
35%
Paper 2
35%
Paper 3
30%
Marked the way Edexcel marks it
Paste an answer you have written and elid marks it point by point against the Edexcel scheme: which marking points you hit, which you missed, and the sentence that would have earned each missing one. It is the difference between being told an answer is “good” and being told exactly where the marks went.
Ready to try it on your own question? Pick your board once and every answer, mark and flashcard elid gives you follows that specification. Free to start, no card needed. Open elid →