Leaving Cert Economics 2021

The 2021 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 2021 Higher Level paper?
  • Q1 balance of trade, international trade · 15 marks
  • Q2 positive and normative statements · 15 marks
  • Q3 price discrimination, market power · 15 marks
  • Q4 demerit goods, market failure · 15 marks
  • Q5 central bank, financial regulation · 15 marks
  • Q6 human development index, economic development · 15 marks
  • Q7 government debt, fiscal policy · 15 marks
  • Q8 marginal utility, equi-marginal principle · 15 marks
  • Q9 market structures, oligopoly · 15 marks
  • Q10 ecb interest rates, monetary policy · 15 marks
  • Q11 oligopoly, economies of scale, market concentration · 75 marks
  • Q12 globalisation, corporation tax, brexit · 75 marks
  • Q13 supply and demand, market failure, price elasticity of demand · 75 marks
  • Q14 inflation, competitiveness, comparative advantage · 75 marks
  • Q15 national income, recession, multiplier · 75 marks
  • Q16 labour market, minimum wage, homelessness · 75 marks

Ordinary Level

Exam PaperMarking Scheme
What's in the 2021 Ordinary Level paper?
  • Q1 government expenditure, percentages, social protection · 15 marks
  • Q2 positive and normative statements · 15 marks
  • Q3 price elasticity of demand · 15 marks
  • Q4 marginal utility, diminishing marginal utility · 15 marks
  • Q5 substitute goods · 15 marks
  • Q6 circular flow of income, invisible exports · 15 marks
  • Q7 budget, fiscal policy · 15 marks
  • Q8 demand curve, shift in demand · 15 marks
  • Q9 sustainability · 15 marks
  • Q10 public and private sector, wage determination · 15 marks
  • Q11 human development index, globalisation, economic growth, fair trade · 75 marks
  • Q12 perfect competition, average cost, marginal cost, normal profit · 75 marks
  • Q13 minimum wage, fiscal policy, monetary policy, deflation · 75 marks
  • Q14 government expenditure, opportunity cost, mixed economy, taxation · 75 marks
  • Q15 law of supply, shift in demand, consumer loyalty, scarcity · 75 marks
  • Q16 factors of production, market failure, brexit, exports · 75 marks
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