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The A* Economics Playbook · AQA 7136 & Edexcel 9EC0

How to get an A* in A-Level Economics

In our experience, most students who miss the A* are not short of knowledge. They are short of strategy. This playbook shows how the grade is awarded, where the marks sit, and how to write the 25-mark essay that decides it.

Short answer: the A* goes to your total raw mark across all three papers, compared with grade boundaries set each summer [4]. On both boards, analysis and evaluation carry about half of all marks [2][3]. So the grade is won in the long answers: two developed chains of analysis, each weighed with evidence, and a judgement that says what your answer depends on.
Contents
  1. I · The A* strategy
  2. What the A* requires
  3. The four AOs
  4. Five skills
  5. High-value topics
  6. Common mistakes
  7. 12-week plan
  8. II · The 25-mark essay
  9. How it is marked
  10. Structure and timing
  11. Model answer
  12. Losing marks
  13. Sources

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The full playbook, in print

Everything on this page as a 17-page A4 PDF, plus the complete annotated model answer from Chapter II. Every paragraph is tagged by assessment objective, with notes on why it works.

  • Both chapters and all six figures
  • The annotated 25-mark model answer
  • The 12-week plan, phase by phase

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Chapter I

The A* strategy

How the grade is awarded, what the four assessment objectives ask of you, the five skills that move marks, and a 12-week plan.

What the A* actually requires

A-levels in England are linear. You sit all three papers at the end of Year 13. Each paper gets a raw mark, and the marks are added together. Your grade comes from that total, compared with grade boundaries the board sets for that summer [4]. There is no UMS (uniform mark scale) any more. That system belonged to the old modular A-levels.

This matters because the A* line is lower than most students think. In June 2025 the AQA Economics A* boundary was 177 out of 240, or 73.75% [4]. It is still a demanding grade: across all subjects, 9.6% of UK A-level grades were A* in summer 2026 [9]. But it rewards consistent, well-built answers, not perfection.

PaperAQA 7136 [1]Edexcel 9EC0 [3]
Paper 1Markets and market failure
2 hours · 80 marks · 33.3%
Markets and business behaviour
2 hours · 100 marks · 35%
Paper 2National and international economy
2 hours · 80 marks · 33.3%
The national and global economy
2 hours · 100 marks · 35%
Paper 3Economic principles and issues
2 hours · 80 marks · 33.3%
Multiple choice (30) and a case study (50), across the whole course
Microeconomics and macroeconomics
2 hours · 100 marks · 30%
Two data response questions, each with a choice of extended answers, across the whole course

On AQA Papers 1 and 2 you answer one data response context (40 marks) and one essay (40 marks) [1]. Each ends with a 25-mark question, so 50 of the 80 marks on those papers sit in two answers. On Edexcel Papers 1 and 2, Section C is a choice of one extended essay from two [3].

The core insight

The gap between an A and an A* is mostly in the longest questions. A-grade students explain and analyse theory well. A* students also evaluate it: they weigh arguments, use evidence, and reach a judgement that answers the exact question.

The four assessment objectives

Every mark is awarded for one of four assessment objectives (AOs). Treat them as the four actions you perform in an answer, not as abstract labels.

AO1 Knowledge
Recall terms, concepts, theories and models accurately.
AO2 Application
Use that knowledge in the context of the question: the country, the market, the data.
AO3 Analysis
Build a logical chain: cause, then mechanism, then effect, linked with "so" and "because".
AO4 Evaluation
Weigh the arguments with evidence and reach a supported judgement.
Fig. 1Analysis and evaluation together carry about half of all marks on both boards
Assessment objective weightings, AQA 7136 and Edexcel 9EC0Range bars for each AO. AQA: AO1 20 to 23%, AO2 26 to 29%, AO3 26 to 29%, AO4 22 to 25%. Edexcel: AO1 22 to 24%, AO2 22 to 24%, AO3 26 to 28%, AO4 26 to 28%.AQA 7136Edexcel 9EC015%20%25%30%AO1KnowledgeAQA AO1: 20–23% of the A-level20–23%Edexcel AO1: 22–24% of the A-level22–24%AO2ApplicationAQA AO2: 26–29% of the A-level26–29%Edexcel AO2: 22–24% of the A-level22–24%AO3AnalysisAQA AO3: 26–29% of the A-level26–29%Edexcel AO3: 26–28% of the A-level26–28%AO4EvaluationAQA AO4: 22–25% of the A-level22–25%Edexcel AO4: 26–28% of the A-level26–28%
Assessment objective weightings, AQA 7136 and Edexcel 9EC0Range bars for each AO. AQA: AO1 20 to 23%, AO2 26 to 29%, AO3 26 to 29%, AO4 22 to 25%. Edexcel: AO1 22 to 24%, AO2 22 to 24%, AO3 26 to 28%, AO4 26 to 28%.AQA 7136Edexcel 9EC015%20%25%30%AO1 KnowledgeAQA AO1: 20–23% of the A-level20–23%Edexcel AO1: 22–24% of the A-level22–24%AO2 ApplicationAQA AO2: 26–29% of the A-level26–29%Edexcel AO2: 22–24% of the A-level22–24%AO3 AnalysisAQA AO3: 26–29% of the A-level26–29%Edexcel AO3: 26–28% of the A-level26–28%AO4 EvaluationAQA AO4: 22–25% of the A-level22–25%Edexcel AO4: 26–28% of the A-level26–28%

Source: AQA 7136 scheme of assessment [2]; Pearson Edexcel 9EC0 specification, Issue 2 [3]. Qualification-level weightings, as ranges.

Two things stand out. On AQA, AO3 and AO4 together are 48–54% of the A-level. On Edexcel they are 52–56% [2][3]. And knowledge alone (AO1) is only about a fifth of the marks on either board. A page of correct definitions cannot reach the top.

The five skills that move marks

01Diagram technique

Draw a diagram whenever one supports a step in your analysis. Label both axes, every curve, the original and new equilibrium, and the shift. Then refer to it in your writing: "as AD shifts from AD₁ to AD₂, the price level is lower, at P₂ rather than P₁".

On a levels-marked 25-mark answer there is no separate tick for the diagram. It earns credit as part of your analysis. An unlabelled diagram adds little, and a wrongly labelled one shows an error. So practise your core diagrams until the labels are automatic.

Fig. 2A fall in aggregate demand lowers both the price level and real output
AD/AS diagram: aggregate demand shifts leftPrice level on the vertical axis, real GDP on the horizontal axis. An upward-sloping SRAS curve. AD1 shifts left to AD2. Equilibrium moves from price level P1 and real output Y1 to the lower price level P2 and lower real output Y2.Price levelReal GDP (real output)SRASAD₁AD₂P₁Y₁P₂Y₂

CC diagram. Labels to copy: both axes, SRAS, AD₁ and AD₂, the shift arrow, P₁ to P₂ and Y₁ to Y₂.

02Chains of analysis

Every analytical paragraph needs a full chain: a point, the mechanism that explains it, the effect, and a link back to the question. Skip the mechanism and the paragraph reads as an assertion, even when the economics is right. Fig. 3 shows the chain for the most common macro question of all: how interest rates affect inflation.

Fig. 3Each step of the monetary chain is a sentence in your analysis
How a Bank Rate rise reaches inflationFive linked steps: Bank Rate rises, borrowing costs rise, spending falls, aggregate demand shifts left, inflation slows. The Bank of England says this usually takes up to two years.01Bank Rate risesThe MPC raises therate it pays onreserves02Borrowing costsriseBanks raise loanand mortgagerates; saving paysmore03Spending fallsHouseholds andfirms cutconsumption andinvestment04AD shifts leftLower total demandat every pricelevel05Inflation slowsPrice rises easeback towards the2% targetThe lag: the Bank of England says this takes time, “usually, up to two years” [5]
How a Bank Rate rise reaches inflationFive linked steps: Bank Rate rises, borrowing costs rise, spending falls, aggregate demand shifts left, inflation slows. The Bank of England says this usually takes up to two years.01Bank Rate risesThe MPC raises the rate it pays on reserves02Borrowing costs riseBanks raise loan and mortgage rates; saving…03Spending fallsHouseholds and firms cut consumption and…04AD shifts leftLower total demand at every price level05Inflation slowsPrice rises ease back towards the 2% targetusually up to two years [5]Bracket: the lag, in the Bank of England's words.

CC diagram. Mechanism and lag: Bank of England explainer [5].

03Genuine evaluation

Evaluation is not a list of counter-arguments. It is weighing them. Say how big an effect is, how long it takes, who it affects, and what it depends on. For example: "A rate rise works slowly. The Bank of England says it usually takes up to two years to have its full effect [5]. So if inflation is caused by a temporary energy shock, prices may fall back before the policy bites."

04Real-world context

Specific, dated evidence shows real understanding. "The Bank of England raised Bank Rate 14 times, from 0.1% to 5.25%, between December 2021 and August 2023 [6]" is far stronger than "a central bank raised interest rates". Fig. 4 is the one chart every macro student should know.

Fig. 4Bank Rate rose from 0.1% to 5.25% in 20 months, eased to 3.75%, then rose to 4%
Bank of England Bank Rate, January 2020 to November 2026Step chart. 0.75% at the start of 2020, cut to 0.1% on 19 March 2020, raised 14 times from 16 December 2021 to 5.25% on 3 August 2023, then cut from 1 August 2024 to 3.75% on 18 December 2025, then raised by 0.25 percentage points to 4% on 5 November 2026, where it stood on 7 November 2026.0%1%2%3%4%5%6%202020212022202320242025202614 rises in 20 months11 Mar 2020: 0.25%19 Mar 2020: 0.10%16 Dec 2021: 0.25%3 Feb 2022: 0.50%17 Mar 2022: 0.75%5 May 2022: 1.00%16 Jun 2022: 1.25%4 Aug 2022: 1.75%22 Sep 2022: 2.25%3 Nov 2022: 3.00%15 Dec 2022: 3.50%2 Feb 2023: 4.00%23 Mar 2023: 4.25%11 May 2023: 4.50%22 Jun 2023: 5.00%3 Aug 2023: 5.25%1 Aug 2024: 5.00%7 Nov 2024: 4.75%6 Feb 2025: 4.50%8 May 2025: 4.25%7 Aug 2025: 4.00%18 Dec 2025: 3.75%5 Nov 2026: 4.00%0.1% · Mar 20205.25% · Aug 20233.75% · Dec 20254.00% · Nov 2026
Bank of England Bank Rate, January 2020 to November 2026Step chart. 0.75% at the start of 2020, cut to 0.1% on 19 March 2020, raised 14 times from 16 December 2021 to 5.25% on 3 August 2023, then cut from 1 August 2024 to 3.75% on 18 December 2025, then raised by 0.25 percentage points to 4% on 5 November 2026, where it stood on 7 November 2026.0%1%2%3%4%5%6%202020222024202611 Mar 2020: 0.25%19 Mar 2020: 0.10%16 Dec 2021: 0.25%3 Feb 2022: 0.50%17 Mar 2022: 0.75%5 May 2022: 1.00%16 Jun 2022: 1.25%4 Aug 2022: 1.75%22 Sep 2022: 2.25%3 Nov 2022: 3.00%15 Dec 2022: 3.50%2 Feb 2023: 4.00%23 Mar 2023: 4.25%11 May 2023: 4.50%22 Jun 2023: 5.00%3 Aug 2023: 5.25%1 Aug 2024: 5.00%7 Nov 2024: 4.75%6 Feb 2025: 4.50%8 May 2025: 4.25%7 Aug 2025: 4.00%18 Dec 2025: 3.75%5 Nov 2026: 4.00%0.1% · Mar 20205.25% · Aug 20233.75% · Dec 20254% · Nov 2026
Show the data
Date changedBank Rate
11 March 20200.25%
19 March 20200.10%
16 December 20210.25%
3 February 20220.50%
17 March 20220.75%
5 May 20221.00%
16 June 20221.25%
4 August 20221.75%
22 September 20222.25%
3 November 20223.00%
15 December 20223.50%
2 February 20234.00%
23 March 20234.25%
11 May 20234.50%
22 June 20235.00%
3 August 20235.25%
1 August 20245.00%
7 November 20244.75%
6 February 20254.50%
8 May 20254.25%
7 August 20254.00%
18 December 20253.75%
5 November 20264.00%

Source: Bank of England, Bank Rate history [6] and Monetary Policy Summary, November 2026 [15]. Every change plotted. Bank Rate was raised to 4% on 5 November 2026 (Bank of England); it had been 3.75% since 18 December 2025 and was held on 17 September 2026 [14]. Data as at 7 November 2026.

05A supported conclusion

End every long answer with a position. Say which argument is stronger, the condition that decides it, and what would change your mind. "On balance, raising rates is the right first response to demand-pull inflation, provided expectations are not already rising" is a judgement. "There are advantages and disadvantages" is not.

High-value topics

This is our teaching view of where long answers most often land and where diagrams and chains pay off most. It is a priority list, not a prediction. Revise the whole specification, and use the Economics library for each topic.

Microeconomics

  • Market failure: externalities, public goods, information gaps
  • Monopoly and oligopoly: diagrams, efficiency and market power
  • Price elasticity of demand and supply, with calculations
  • Government intervention: taxes, subsidies, price controls
  • Labour markets: minimum wage, trade unions, monopsony

Macroeconomics

  • Monetary policy: Bank Rate, quantitative easing, the 2% target
  • Fiscal policy: the multiplier, crowding out, borrowing and debt
  • Unemployment: types, causes and policy responses
  • Growth: AD/AS, supply-side policies, trade-offs
  • Trade and exchange rates: the current account, Marshall-Lerner

Five common mistakes

  1. Skipping the diagram. If a concept has a diagram, draw it and use it in the text. It makes your analysis precise and easy to credit.
  2. Confusing analysis with evaluation. "Higher rates reduce spending because borrowing costs more" is analysis. "This effect is delayed because many UK mortgages are on fixed rates, so in August 2023 only about half of mortgage holders had yet faced higher payments [13]" is evaluation.
  3. "It depends" with no follow-up. Say what it depends on, and which way the evidence points.
  4. Ignoring the context. If the question or extract names a country, a market or a policy, use it in every paragraph. Generic theory caps your application marks.
  5. Spending equal time on every question. Time follows marks. A 25-mark answer deserves far more time than a lower-tariff question, so do not let a short question steal from it.

Your 12-week A* plan

This is the sequence we use with CC students. It treats exam technique as something you practise, as actively as content. Aim for roughly 60% content revision and 40% timed practice across the 12 weeks.

Fig. 5Twelve weeks, four phases: diagnose, consolidate, drill, perform
The 12-week plan by phaseWeeks 1 to 3 diagnose, weeks 4 to 7 consolidate content, weeks 8 to 10 drill exam technique, weeks 11 and 12 full timed papers.DiagnoseConsolidateDrill techniqueFull papers123456789101112WEEK
The 12-week plan by phaseWeeks 1 to 3 diagnose, weeks 4 to 7 consolidate content, weeks 8 to 10 drill exam technique, weeks 11 and 12 full timed papers.DiagnoseConsolidateDrillPapers123456789101112WEEK

CC revision plan.

  1. Weeks 1–3Diagnose. Sit one full paper under timed conditions. Mark it with the published mark scheme. Pick your three weakest topics in micro and three in macro. These are your priorities, not the topics you enjoy.
  2. Weeks 4–7Consolidate. For each priority topic: define the key terms, draw the diagram from memory, write one paragraph of analysis and one evaluative point. Move on only when you can do all four without notes.
  3. Weeks 8–10Drill technique. Write one full 25-mark answer every two days. Check it against the AO list: did you weigh, or only analyse? Did you use dated evidence? Did you reach a judgement? Fix the weakest AO in the next answer.
  4. Weeks 11–12Full papers. Two full papers a week under strict timing. Review every answer. In the final week, focus on diagrams and conclusions: they are the fastest marks to recover.

Chapter II

The 25-mark essay

How the 25 marks are awarded on each board, a structure that earns them, an annotated model answer, and the five reasons students lose marks.

How the 25 marks are awarded

The two boards mark 25-mark answers differently. Know which one you sit.

AQA 7136

One overall judgement, in five levels

The examiner reads the whole answer and places it in one of five levels, using a best fit [7]. There are no separate marks for each AO. In our words: a top-level answer (Level 5, 21–25) is accurate and clearly organised, uses the context and any data, builds full cause-and-effect chains, and weighs the arguments as it goes before reaching a reasoned final judgement [7]. The jump from Level 3 (11–15) to Level 4 (16–20) mostly comes from backing up your evaluation with reasons and evidence [7].

Edexcel 9EC0

Two strands: KAA and evaluation

The answer is marked twice. One grid covers knowledge, application and analysis together (KAA), worth up to 16 marks. A separate grid covers evaluation, worth up to 9 [8]. In June 2025 the essay split was knowledge 4, application 4, analysis 8 and evaluation 9 [8]. So evaluation is the largest single block, and an answer with no evaluation cannot score more than 16.

A structure that earns the marks

This sequence works for both boards. It is not a template to copy word for word. It is a running order that makes sure every skill appears, in the right proportion.

  1. 1
    IntroductionAO1

    Define the key terms in two or three sentences and state what you will weigh up.

  2. 2
    DiagramAO2AO3

    Draw and label the most relevant diagram, then refer to it in the text.

  3. 3
    Analysis chainsAO2AO3

    Two developed chains on different mechanisms, each applied to the context with dated evidence.

  4. 4
    EvaluationAO4

    Weigh each chain: size, time, who is affected, what it depends on. Two different angles beat five thin ones.

  5. 5
    JudgementAO4

    Answer the exact question. Name the deciding condition and what would change your answer.

Fig. 6Give evaluation and judgement more than a third of your writing time
Suggested time split for one 25-mark answerAQA, about 37 minutes: plan 3, introduction and diagram 6, analysis chains 13, evaluation 10, judgement 4, check 1. Edexcel, about 30 minutes: plan 3, introduction and diagram 5, analysis chains 10, evaluation 9, judgement 3.AQA · about 37 minutesPlan: 3 minPlan3 minIntro + diagram: 6 minIntro + diagram6 minAnalysis chains: 13 minAnalysis chains13 minEvaluation: 10 minEvaluation10 minJudgement: 4 minJudgement4 minCheck: 1 min1 minEdexcel · about 30 minutesPlan: 3 minPlan3 minIntro + diagram: 5 minIntro, diag.5 minAnalysis chains: 10 minAnalysis chains10 minEvaluation: 9 minEvaluation9 minJudgement: 3 minJudge3 min
Suggested time split for one 25-mark answerAQA, about 37 minutes: plan 3, introduction and diagram 6, analysis chains 13, evaluation 10, judgement 4, check 1. Edexcel, about 30 minutes: plan 3, introduction and diagram 5, analysis chains 10, evaluation 9, judgement 3.AQA 37 minEdexcel 30 minPlan3m3mIntro + diagram6m5mAnalysis chains13m10mEvaluation10m9mJudgement4m3mCheck1mnone

CC suggested split. AQA papers give 120 minutes for 80 marks, about 37 minutes for 25 marks [1]; Edexcel Papers 1 and 2 give 120 minutes for 100 marks, about 30 minutes [3].

Weave evaluation in as you go. On AQA, top answers weigh the arguments as they go, not only at the end [7]. A short judgement after each chain, then a full conclusion, does that.

Model answer, annotated

Here is a CC-written practice question in the style of an AQA Paper 2 essay. It is not a past paper question. Each paragraph is tagged with the assessment objectives it shows, with a note on why it works. It is written to show the qualities of the top level; it is not a predicted mark.

Practice question · 25 marks · AQA style

“Evaluate the view that raising interest rates is the most effective policy for reducing inflation in the UK.”

Three-minute plan

  1. Define: inflation, CPI, the 2% target, Bank Rate.
  2. For: rate rise → borrowing costs → spending → AD left → lower inflation (Fig. 2).
  3. Against 1: 2022 was cost-push (energy); rates cannot cut gas prices.
  4. Against 2: lags of up to two years; fixed-rate mortgages delay the effect.
  5. Alternatives: energy price support (fast, costly); supply side (slow, fixes the cause).
  6. Judge: best for demand-pull; not the best first response to an energy shock.

Introduction

Inflation is a sustained rise in the general price level. In the UK it is measured by the Consumer Prices Index (CPI). The government sets the Bank of England a target of 2%. The Bank's Monetary Policy Committee (MPC) meets this target mainly by setting Bank Rate, the interest rate that feeds through to the rates banks charge on loans and mortgages. Raising Bank Rate aims to reduce aggregate demand (AD) and so slow price rises.

Analysis: the case for rate rises

Between December 2021 and August 2023 the MPC raised Bank Rate 14 times, from 0.1% to 5.25% [6]. Higher Bank Rate raises borrowing costs, so households on variable or new mortgages have less disposable income, and saving becomes more attractive. Firms face dearer loans, so some investment is postponed. Consumption and investment are components of AD, so AD shifts left from AD₁ to AD₂. The price level is lower than it would otherwise be (P₂ rather than P₁), and real output is lower (Y₂ rather than Y₁) (Fig. 2). With weaker demand, firms have less room to raise prices, so inflation slows.

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Five reasons students lose marks

  1. Running out of time before evaluating. If analysis takes 30 minutes, the evaluation is rushed or missing. Use the split in Fig. 6 and keep to it.
  2. Counter-arguments without weighing. "On the other hand, fiscal policy could also reduce inflation" is a list. "Fiscal support acts faster on prices, but adds to borrowing, so it suits a short shock" is weighing.
  3. Unlabelled or unused diagrams. A diagram that is not labelled, or never mentioned in the text, adds little to your analysis.
  4. A conclusion with no position. State which argument wins, under what conditions, and why.
  5. Ignoring the context. If the question says the UK, use UK institutions and UK data. An answer that could be about any country in any decade shows weak application.

Key terms

Assessment objective (AO)One of the four skills examiners mark: knowledge, application, analysis and evaluation.
Grade boundaryThe lowest total raw mark that earns a grade in a given exam series.
Levels of responseA marking method that places the whole answer in a band, then picks a mark within it.
KAAEdexcel's combined strand for knowledge, application and analysis.
Bank RateThe Bank of England's main interest rate, set by the Monetary Policy Committee (MPC).
Cost-push inflationRising prices caused by higher production costs, shown as SRAS shifting left.

Written by

Jay Fanimo, founder of The Curriculum Circle

LSE Economic History graduate, with more than 12 years of experience educating students across one-to-one, SEN, state, independent and international schools.

90%

of students who work with us for two terms or more improve by at least two grades in our assessments, and by at least one grade in their final A-level results. How we measure this

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Sources

  1. AQA (2026). A-level Economics 7136: specification at a glance (paper titles, timings, marks). Link
  2. AQA (2026). A-level Economics 7136: scheme of assessment (assessment objective weightings). Link
  3. Pearson (2016). Pearson Edexcel Level 3 Advanced GCE in Economics A (9EC0) specification, Issue 2: assessment summary and AO weightings, pp. 39–42. Link
  4. AQA (2025). Grade boundaries: June 2025 exams, A-level (published 14 August 2025). 7136 Economics: maximum 240; A* 177; A 153. Link
  5. Bank of England. How do higher interest rates help to lower inflation? (explainer, last updated 11 May 2023). Link
  6. Bank of England. Bank Rate history and data (opened 2 November 2026). Link
  7. AQA (2025). A-level Economics 7136/1, June 2025: mark scheme, levels of response grid for 25-mark questions. Available from AQA past papers and mark schemes. Link
  8. Pearson (2025). A-level Economics A 9EC0/01, June 2025: mark scheme, 25-mark essay marking. Available from the Pearson Edexcel Economics A course materials page. Link
  9. JCQ (2026). Level 3 press notice, 13 August 2026: 9.6% of UK A-level grades were A*. Link
  10. ONS (2022). Consumer price inflation, UK: October 2022. Link
  11. ONS (2024). Consumer price inflation, UK: May 2024. Link
  12. ONS (2026). Consumer price inflation, UK: September 2026 (released 21 October 2026). Link
  13. Bank of England (2023). Monetary Policy Report, August 2023. Link
  14. Bank of England. Interest rates and Bank Rate: our latest decision (opened 2 November 2026). Link
  15. Bank of England (2026). Monetary Policy Summary, November 2026 (published 5 November 2026; opened 7 November 2026). Link

Exam board materials are summarised in our own words and linked, not reproduced. The practice question and model answer are written by The Curriculum Circle.