AQA A Level · 7136 · Paper 1: Markets and market failure
4.1.2.4 Behavioural Economics and Economic Policy
A-level only
Everything you need for questions on behavioural policy, in the words examiners reward. An interactive seven-step lesson goes with it.
What's on this sheet
- Choice architecture
- The policy tools
- Worked example: a pension default
- Nudges vs traditional policy
- Strengths and limitations
- Classic question: are nudges a better policy than taxes and regulation?
- Side 2: practice tasks, where the marks go, and exam-style questions
- Separate answer key
The lesson in seven steps
- Get 1,000 workers saving
- Framing, nudge, default, restricted, mandated or traditional?
- Rises, falls or depends?
- Measuring a nudge
- Should governments nudge?
- Build the chain
- Exam practice
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