Leaving Cert Economics 2017

The 2017 Leaving Cert Economics exam paper and official marking scheme, free below as direct PDF links from the State Examinations Commission archive.

Higher Level

Exam PaperMarking Scheme
What's in the 2017 Higher Level paper?
  • Q1 law of demand, consumer surplus, market equilibrium, rent control · 75 marks
  • Q1 opportunity cost, public sector pay, fiscal policy · 16 marks
  • Q2 labour force, quasi-rent, bond valuation, capital widening · 16 marks
  • Q2 perfect competition, short-run equilibrium, long-run equilibrium, imperfect competition · 75 marks
  • Q3 direct taxation, indirect taxation, tax equity · 16 marks
  • Q3 costs of production, marginal cost, marginal efficiency of capital, marginal revenue product · 75 marks
  • Q4 national income, circular flow of income, double counting, fiscal policy · 75 marks
  • Q4 credit creation, banking, money supply · 16 marks
  • Q5 exchange rates, brexit, international trade · 16 marks
  • Q5 absolute advantage, comparative advantage, trade protection, terms of trade · 75 marks
  • Q6 monopoly, long-run equilibrium, supernormal profit · 17 marks
  • Q6 consumer price index, demand-pull inflation, cost-push inflation, residential property prices · 75 marks
  • Q7 cross price elasticity of demand, substitutes, complements · 17 marks
  • Q7 national debt, fiscal policy, privatisation, history of economic thought · 75 marks
  • Q8 government policy objectives, economic growth, balance of payments, social policy · 17 marks
  • Q8 natural increase, net migration, population, social housing · 75 marks
  • Q9 tuition fees, third-level education, government policy · 17 marks

Ordinary Level

Exam PaperMarking Scheme
What's in the 2017 Ordinary Level paper?
  • Q1 taxation, types of tax · 16 marks
  • Q1 monopoly, barriers to entry, state-owned companies · 75 marks
  • Q2 costs of production, fixed costs · 16 marks
  • Q2 economic goods, demand and supply, income elasticity of demand · 75 marks
  • Q3 factors of production, wages, public and private sector, emigration · 75 marks
  • Q3 cross-border shopping, government finances, retail · 16 marks
  • Q4 money, barter, savings, inflation · 75 marks
  • Q4 international trade, visible and invisible trade, imports and exports · 16 marks
  • Q5 multiplier, circular flow of income, open economy, economic growth · 75 marks
  • Q5 international organisations, abbreviations · 16 marks
  • Q6 government budget, taxation, state services, budget 2017 · 75 marks
  • Q6 opportunity cost, education, investment · 17 marks
  • Q7 balance of trade, corporation tax, location of industry, brexit · 75 marks
  • Q7 demand, shifts in demand, demand curve · 17 marks
  • Q8 taxation, environment, externalities · 17 marks
  • Q8 population, census, obesity, privatisation · 75 marks
  • Q9 perfect competition, supernormal profit, cost curves · 17 marks
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All PDFs open on the State Examinations Commission archive (examinations.ie). ExamAI links to them; we don't host or alter them.