4 marks
Q8 Explain why Australian house prices jumping 24.5% in 2021 then falling may point to a speculative bubble.
Edexcel · 9EC0 / 8EC0 / WEC11–14
Speculation & market bubbles comes up in 6 questions across the Edexcel A Level, AS and International A Level past papers (9EC0 / 8EC0 / WEC11–14), worth 48 marks between them. They run from 2020 to 2025 and appear on International A Level Unit 1.
Tariffs run from 2 to 20 marks. The commonest instructions are Explain (2), Define (2), Discuss (1). Specification points covered: 1.3.5.6.
Q8 Explain why Australian house prices jumping 24.5% in 2021 then falling may point to a speculative bubble.
Q12(a) Define speculation, as the term is used in the uranium market extract.
Q12(e) Discuss the microeconomic consequences a New Zealand housing bubble would bring, using Figure 1 with Extracts A and B.
Q8 Explain the term market bubble, using Munich housing where typical prices over 2010-2020 rose by more than double.
Q14 Evaluate what bubbles do to housing markets (context: Chinese house prices up from 4 000 yuan per m2 in 2000 to 60 000 by 2019).
Q8 Explain what economists mean by a 'market bubble', illustrating the idea with Hong Kong's housing market.
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