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 opportunity cost, public sector pay, fiscal policy · 16 marks
  • Q1 law of demand, consumer surplus, market equilibrium, rent control · 75 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 costs of production, marginal cost, marginal efficiency of capital, marginal revenue product · 75 marks
  • Q3 direct taxation, indirect taxation, tax equity · 16 marks
  • Q4 credit creation, banking, money supply · 16 marks
  • Q4 national income, circular flow of income, double counting, fiscal policy · 75 marks
  • Q5 exchange rates, brexit, international trade · 16 marks
  • Q5 absolute advantage, comparative advantage, trade protection, terms of trade · 75 marks
  • Q6 consumer price index, demand-pull inflation, cost-push inflation, residential property prices · 75 marks
  • Q6 monopoly, long-run equilibrium, supernormal profit · 17 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 economic goods, demand and supply, income elasticity of demand · 75 marks
  • Q2 costs of production, fixed costs · 16 marks
  • Q3 cross-border shopping, government finances, retail · 16 marks
  • Q3 factors of production, wages, public and private sector, emigration · 75 marks
  • Q4 international trade, visible and invisible trade, imports and exports · 16 marks
  • Q4 money, barter, savings, inflation · 75 marks
  • Q5 international organisations, abbreviations · 16 marks
  • Q5 multiplier, circular flow of income, open economy, economic growth · 75 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

Revise Economics by topic

Foundations: Economic Concepts, Systems & ThoughtDemand, Supply, Elasticity & Market EquilibriumCosts of Production & the FirmMarket Structures & CompetitionMarket Failure & Government InterventionFactors of Production & Income DistributionLabour Market, Employment & UnemploymentNational Income & Economic ActivityMoney, Banking, Inflation & Monetary PolicyGovernment & Public Finance (Fiscal Policy & Taxation)International Trade, Balance of Payments & the EUEconomic Growth, Development & Population
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Questions come from the official State Examinations Commission papers. Every link opens the original PDF on examinations.ie.