2025 Pearson Edexcel Level 3 GCE Economics A Advanced PAPER 3: Microeconomics and Macroeconomics Combined
Question Paper and Marking Scheme
Please check the examination details below before entering your candidate information
Candidate surname Other names
Centre Number Candidate Number
Pearson Edexcel Level 3 GCE
Thursday 5 June 2025
Morning (Time: 2 hours) Paper
reference 9EC0/03
Economics A
Advanced
PAPER 3: Microeconomics and Macroeconomics
You must have: Total Marks
Source Booklet (enclosed)
Instructions
•• FillUseinblack ink or ball-point pen.
the boxes at the top of this page with your name,
centre number and candidate number.
•• There
In
are two sections in this question paper.
Section A, answer all questions
answer all questions 2(a)
1(a) to
to 2(c)
1(c) and onequestion
andone questionfrom
from2(d)
1(d)oror2(e).
1(e).
In Section B,
• Answer
– there maythe questions in thethan
be more space spaces
youprovided
need.
Information
•• The total mark for this paper is 100.
The marks for each question are shown in brackets
– use this as a guide as to how much time to spend on each question.
• Calculators may be used.
Advice
•• Read each question carefully before you start to answer it.
Check your answers if you have time at the end.
Turn over
P75866A
©2025 Pearson Education Ltd.
Y:1/1/1/1/1/1/
, SECTION A
Read Figures 1 and 2 and the following Extracts A, B, C and D in the Source Booklet before
DO NOT WRITE IN THIS AREA
answering Question 1.
Answer ALL Questions 1(a) to 1(c), and EITHER Question 1(d) OR 1(e).
Write your answers in the spaces provided.
You are advised to spend 1 hour on this section.
1 (a) Explain one reason why consumers buy less than the social optimum quantity of
healthy food.
(5)
(b) With reference to Extract B, examine two likely reasons why wages in
supermarkets are above the National Minimum Wage of £10.42.
(8)
(c) With reference to Figure 1 and Extract C, discuss whether supermarkets charging
similar prices for petrol is evidence of collusion. Use game theory to support
your answer.
DO NOT WRITE IN THIS AREA
(12)
EITHER
(d) Evaluate the microeconomic and macroeconomic effects of high levels of
inflation. Refer to the UK or any other developed economy in your answer.
(25)
OR
(e) Evaluate the microeconomic and macroeconomic effects of a regional trade
agreement between the UK and the EU.
(25)
DO NOT WRITE IN THIS AREA
2
, 1 (a) Explain one reason why consumers buy less than the social optimum quantity of
healthy food.
(5)
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3
Turn over
, (b) With reference to Extract B, examine two likely reasons why wages in
supermarkets are above the National Minimum Wage of £10.42.
(8)
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4
Question Paper and Marking Scheme
Please check the examination details below before entering your candidate information
Candidate surname Other names
Centre Number Candidate Number
Pearson Edexcel Level 3 GCE
Thursday 5 June 2025
Morning (Time: 2 hours) Paper
reference 9EC0/03
Economics A
Advanced
PAPER 3: Microeconomics and Macroeconomics
You must have: Total Marks
Source Booklet (enclosed)
Instructions
•• FillUseinblack ink or ball-point pen.
the boxes at the top of this page with your name,
centre number and candidate number.
•• There
In
are two sections in this question paper.
Section A, answer all questions
answer all questions 2(a)
1(a) to
to 2(c)
1(c) and onequestion
andone questionfrom
from2(d)
1(d)oror2(e).
1(e).
In Section B,
• Answer
– there maythe questions in thethan
be more space spaces
youprovided
need.
Information
•• The total mark for this paper is 100.
The marks for each question are shown in brackets
– use this as a guide as to how much time to spend on each question.
• Calculators may be used.
Advice
•• Read each question carefully before you start to answer it.
Check your answers if you have time at the end.
Turn over
P75866A
©2025 Pearson Education Ltd.
Y:1/1/1/1/1/1/
, SECTION A
Read Figures 1 and 2 and the following Extracts A, B, C and D in the Source Booklet before
DO NOT WRITE IN THIS AREA
answering Question 1.
Answer ALL Questions 1(a) to 1(c), and EITHER Question 1(d) OR 1(e).
Write your answers in the spaces provided.
You are advised to spend 1 hour on this section.
1 (a) Explain one reason why consumers buy less than the social optimum quantity of
healthy food.
(5)
(b) With reference to Extract B, examine two likely reasons why wages in
supermarkets are above the National Minimum Wage of £10.42.
(8)
(c) With reference to Figure 1 and Extract C, discuss whether supermarkets charging
similar prices for petrol is evidence of collusion. Use game theory to support
your answer.
DO NOT WRITE IN THIS AREA
(12)
EITHER
(d) Evaluate the microeconomic and macroeconomic effects of high levels of
inflation. Refer to the UK or any other developed economy in your answer.
(25)
OR
(e) Evaluate the microeconomic and macroeconomic effects of a regional trade
agreement between the UK and the EU.
(25)
DO NOT WRITE IN THIS AREA
2
, 1 (a) Explain one reason why consumers buy less than the social optimum quantity of
healthy food.
(5)
DO NOT WRITE IN THIS AREA
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3
Turn over
, (b) With reference to Extract B, examine two likely reasons why wages in
supermarkets are above the National Minimum Wage of £10.42.
(8)
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