Leaving Cert Economics 2018

The 2018 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 2018 Higher Level paper?
  • Q1 demand curve, market equilibrium, consumer surplus, total revenue · 75 marks
  • Q1 perfect competition, price taker, market structures · 16 marks
  • Q2 oligopoly, kinked demand curve, price rigidity, collusion · 75 marks
  • Q2 interest rates, monetary policy, investment · 16 marks
  • Q3 marginal cost, profit maximisation, price elasticity of supply, exchange rates · 75 marks
  • Q3 customs union, international trade, european union · 16 marks
  • Q4 labour productivity, economies of scale, mobility of labour, diseconomies of scale · 75 marks
  • Q4 diminishing marginal returns, short run, production · 16 marks
  • Q5 fiscal policy, monetary policy, indirect tax, budget deficit · 75 marks
  • Q5 national income measurement, circular flow of income, gdp · 16 marks
  • Q6 migration, single european market, official development assistance · 75 marks
  • Q6 canons of taxation, adam smith, taxation · 17 marks
  • Q7 economic indicators, national debt, banking regulation, government capital expenditure · 75 marks
  • Q7 income inequality, government policy, redistribution · 17 marks
  • Q8 national income statistics, multiplier, foreign direct investment, environmental economics · 75 marks
  • Q8 retirement age, public sector, labour force · 17 marks
  • Q9 price discrimination, monopoly power, market segmentation · 17 marks

Ordinary Level

Exam PaperMarking Scheme
What's in the 2018 Ordinary Level paper?
  • Q1 perfect competition, market structures, competition · 75 marks
  • Q1 national income, price index, economic statistics · 16 marks
  • Q2 monopoly, market structures, barriers to entry · 16 marks
  • Q2 utility, diminishing marginal utility, demand, sugar tax · 75 marks
  • Q3 supply, determinants of supply · 16 marks
  • Q3 factors of production, costs and revenue, minimum wage · 75 marks
  • Q4 economists, history of economic thought · 16 marks
  • Q4 money, saving, non-cash payments · 75 marks
  • Q5 substitute goods, complementary goods, demand · 16 marks
  • Q5 government budgeting, national debt, taxation, opportunity cost · 75 marks
  • Q6 taxation, saving, dirt · 17 marks
  • Q6 national income, multinationals, less developed countries, overseas aid · 75 marks
  • Q7 inflation, price inflation · 17 marks
  • Q7 international trade, open economy, visible trade, brexit · 75 marks
  • Q8 circular flow of income, leakages, open economy · 17 marks
  • Q8 employment, unemployment, retirement, homelessness · 75 marks
  • Q9 economic goods, scarcity, opportunity cost · 17 marks
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