AQA A Level · 7136 · Paper 1: Markets and market failure
4.1.1.1 Economics as a Social Science
Also AQA AS 7135: 3.1.1.1
Everything you need for questions on economics as a social science, in the words examiners reward. An interactive seven-step lesson goes with it.
What's on this sheet
- Thinking like an economist
- The modelling cycle
- Assumptions and ceteris paribus
- Why economics isn't like a lab science
- A classic chain
- Classic question: are models useful if their assumptions are unrealistic?
- Side 2: practice tasks, where the marks go, and exam-style questions
- Separate answer key
The lesson in seven steps
- The coffee stall experiment
- Problems and solutions
- Which assumption failed?
- Put the modelling cycle in order
- How scientific is economics?
- Build the chain
- Exam practice
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