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Exam Technique Tutoring : https://forms.gle/owj1pwyGHyqTSjFZ9 Economics Group Chat : https://beacons.ai/udoecon About this video : This video is a full exam technique + walkthrough for the Edexcel A Level Economics Paper 1 (Micro) 2022 exam, where we go through the entire paper step-by-step and break down how to approach each question, apply the extracts and data effectively, and build clear chains of analysis and evaluation. The focus is on helping you structure high-scoring answers across diagrams, calculations, short responses, and extended essays. The aim of the video is to show how to approach the full paper under exam conditions, consistently applying microeconomic theory to the context, while developing strong evaluation and clear judgement throughout. Questions in the video : Section A 1(a) Ceteris paribus, the most likely consequence of the above data is that Disney+ will experience an increase in its: (1) 1(b) Draw a supply and demand diagram to show the likely effect of the change in the number of subscribers on the market equilibrium for Disney+ services. (4) 2(a) The price of sweetened drinks increases by 5%. Ceteris paribus, calculate the percentage change in the quantity demanded for sweetened drinks. You are advised to show your working. (2) 2(b) The price of sweetened drinks increases by 5%. Ceteris paribus, calculate the percentage change in the quantity demanded for bottled water. You are advised to show your working. (2) 2(c) Using the data on page 4, which one of the following is most likely? (1) 3(a) Draw an externalities diagram to show the likely impact of the sewage discharge on the local tourist industry. (4) 3(b) Which one of the following is the most likely effect of the £180000 fine? (1) 4(a) Draw a simple two firm/two outcome game theory model to show why the chicken suppliers may have colluded. (4) 4(b) Which one of the following is most closely associated with tacit collusion? (1) 5(a) Which one of the following best describes the merger of the makers of Fiat cars and Vauxhall cars? (1) 5(b) Explain one type of internal economies of scale that the newly merged car company may achieve. (2) 5(c) Explain one likely concern the EU competition authorities may have had about the merger. (2) Section B 6(a) With reference to Figure 1, calculate the three-firm concentration ratio for branded coffee shop chains. (5) 6(b) With reference to Figure 2 and your understanding of price elasticity, examine two factors that may cause significant changes in the international price of coffee beans. (8) 6(c) Profit maximisation is assumed to be the business objective of most firms. With reference to Extract A, assess whether this is the case for coffee shop owners. (10) 6(d) Using a cost and revenue diagram, discuss the likely impact of ‘rising costs’ for coffee shops on their profitability (Extract A, line 2). (12) 6(e) With reference to the information provided, discuss whether the coffee shop market is contestable. (15) Section C 7. Evaluate whether a monopoly is likely to operate efficiently. Refer to at least one monopoly of your choice. (25) OR 8. Evaluate the factors that might influence the supply of labour in an occupation of your choice. (25) Timestamps: 00:00 - Section A 19:57 - Section B 53:13 - Section C Topics covered: Demand and supply, elasticity (PED and XED), externalities, government intervention, game theory, collusion, mergers and economies of scale, market structures, concentration ratios, cost and revenue analysis, contestability, monopoly efficiency, labour supply, and exam technique
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