AQA GCSE Economics Paper 2 2025 Mark Scheme

Download the official AQA GCSE Economics Paper 2: How the Economy Works mark scheme from the June 2025 series (8136/2). This is the final v1.0 examiner-approved document used during standardisation to ensure consistent marking across all candidates.

This mark scheme includes:
• Full multiple-choice answers (Section A)
• Step-by-step calculation methods and working marks
• Level-of-response descriptors for 6-, 9-, and 15-mark questions
• Indicative content and examiner guidance for extended responses

For example:
- Page 4 provides the full answer key for Questions 1–10 (e.g. Q1 = interest rates, Q5 = medium of exchange, Q10 = increased UK exports to the USA)
- Page 6 shows the full calculation for the budget deficit (2.3% of GDP) with method marks
- Page 11 includes the correct savings interest calculation (£300 over 9 months)
- Page 15 explains how to calculate the UK unemployment rate (3.6%) using labour market data

The mark scheme also provides clear guidance on how marks are awarded using level-based marking:

• 6-mark questions: structured analysis with logical chains of reasoning
• 9-mark questions: evaluation with supported judgement
• 15-mark questions: sustained evaluation, strong conclusions, and use of evidence

It includes indicative content for all key Paper 2 topics:
• Macroeconomic policy (fiscal, monetary, supply-side)
• Inflation, unemployment, and economic growth
• Globalisation and trade
• Government budgets and public spending
• Market failure and government intervention
• Case study: UK unemployment and economic objectives

For example:
- Page 7 outlines impacts of free trade agreements (cheaper goods, increased competition)
- Page 13 provides evaluation points for solving market failure in health/fitness
- Page 16 explains causes of current account deficits (low productivity, exchange rates)
- Page 17–18 details Level 5 expectations for the 15-mark evaluation question on full employment

This mark scheme is essential for understanding exactly how examiners award marks and what is required to achieve top grades.

Use it alongside the 8136/2 question paper to:
• Accurately mark your answers
• Identify common mistakes
• Improve evaluation and exam technique

This mark scheme is designed for GCSE Economics students studying AQA 8136, particularly Year 10–11 students preparing for exams or aiming for grades 6–9. It is especially useful for those practising Paper 2 past questions.

Teachers and tutors can use this document for marking, standardisation, and teaching exam technique. It is also ideal for independent learners and home-schooled students.