AQA AS Economics Past Papers & Mark Schemes
Download free AQA AS Economics (7135) past papers. Paper 1: Markets & Market Failure. Paper 2: National Economy in a Global Context. Micro and macro foundations. 34 resources.
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June 2023
10 filesAS Economics – Question paper (Modified A4 18pt) (AS) : Paper 2 The national economy in a global context – June 2023
AS Economics – Question paper (Modified A4 18pt) (AS) : Paper 1 The operation of markets and market failure – June 2023
AS Economics – Question paper (Modified A3 36pt) (AS) : Paper 2 The national economy in a global context – June 2023
AS Economics – Question paper (Modified A3 36pt) (AS) : Paper 1 The operation of markets and market failure – June 2023
AS Economics – Question paper (AS) : Paper 2 The national economy in a global context – June 2023
AS Economics – Question paper (AS) : Paper 1 The operation of markets and market failure – June 2023
AS Economics – Mark scheme (AS) : Paper 2 The national economy in a global context – June 2023
AS Economics – Mark scheme (AS) : Paper 1 The operation of markets and market failure – June 2023
AS Economics – Insert (Modified A4 18pt) (AS) : Paper 2 The national economy in a global context – June 2023
AS Economics – Insert (Modified A4 18pt) (AS) : Paper 1 The operation of markets and market failure – June 2023
June 2022
7 filesAS Economics – Question paper (Modified A4 18pt) (AS) : Paper 2 The national economy in a global context – June 2022
AS Economics – Question paper (Modified A4 18pt) (AS) : Paper 1 The operation of markets and market failure – June 2022
AS Economics – Question paper (AS) : Paper 2 The national economy in a global context – June 2022
AS Economics – Question paper (AS) : Paper 1 The operation of markets and market failure – June 2022
AS Economics – Mark scheme (AS) : Paper 2 The national economy in a global context – June 2022
AS Economics – Mark scheme (AS) : Paper 1 The operation of markets and market failure – June 2022
AS Economics – Insert (Modified A4 18pt) (AS) : Paper 2 The national economy in a global context – June 2022
November 2020
8 filesAS Economics – Question paper (Modified A4 18pt) (AS) : Paper 2 The national economy in a global context – November 2020
AS Economics – Question paper (Modified A4 18pt) (AS) : Paper 1 The operation of markets and market failure – November 2020
AS Economics – Question paper (AS) : Paper 2 The national economy in a global context – November 2020
AS Economics – Question paper (AS) : Paper 1 The operation of markets and market failure – November 2020
AS Economics – Mark scheme (AS) : Paper 2 The national economy in a global context – November 2020
AS Economics – Mark scheme (AS) : Paper 1 The operation of markets and market failure – November 2020
AS Economics – Insert (Modified A4 18pt) (AS) : Paper 2 The national economy in a global context – November 2020
AS Economics – Insert (Modified A4 18pt) (AS) : Paper 1 The operation of markets and market failure – November 2020
Microeconomic Markets and Macroeconomic Foundations: The Twin Pillars of AS Economics
Exam Paper Structure
The Operation of Markets and Market Failure
The National Economy in a Global Context
Key Information
| Exam Board | AQA |
| Specification Code | 7135 |
| Qualification | AS Level |
| Grading Scale | A–E |
| Assessment Type | 2 written papers |
| Paper 1 | Markets and Market Failure (1 hr 30 min, 70 marks, 50%) |
| Paper 2 | National Economy in a Global Context (1 hr 30 min, 70 marks, 50%) |
| Question Types | Multiple choice, data response, extended response |
| Diagram Requirement | Diagrams expected throughout both papers |
| Calculator | Calculator allowed |
| Exam Sessions | June only |
| Total Resources | 34 |
Key Topics in Economics
Topics you need to know
Exam Command Words
| Command word | What the examiner expects |
|---|---|
| Using a diagram, explain | Draw a correctly labelled economic diagram and use it to explain the economic relationship or process |
| Evaluate | Assess the merits and limitations of an economic policy, theory, or claim — reach a substantiated judgement |
| Assess | Weigh up competing economic arguments and reach a reasoned conclusion supported by evidence |
| Explain | Provide an economic chain of reasoning connecting cause to effect — show each logical step |
| Analyse | Break down an economic issue, examining causes, consequences, and interrelationships |
| To what extent | Consider both sides of an economic argument and reach a qualified conclusion based on evidence and reasoning |
Typical Grade Boundaries
| Grade | Approximate mark needed |
|---|---|
| A | 61–71% |
| B | 50–60% |
| C | 40–49% |
| D | 30–39% |
| E | 20–29% |
⚠️ AS Economics uses 140 raw marks across two papers (70 each). Grade boundaries typically fall lower than business studies, reflecting the more abstract analytical demands.
Diagram Precision, Chain Analysis, and Evaluating Government Intervention
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