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9640 · Oxford AQA International A Level

9640/21

Paper 2

Economics · Winter 2025 · Variant 1

Relative difficulty

Demanding · 3.6/5

Analysis source: Oxford AQA

Analysis aligned to the official syllabus and assessment design.

Relative difficulty

3.6 / 5

Total marks

340

Duration

450 min

Most tested topic

International Trade, Fiscal Policy and Market Mechanisms

Cohort performance

Session statistics from official examination reports

Total marks

340

Duration

450 min

Session difficulty

3.6 / 5

Key examiner messages

Top priorities from the principal examiner before you revise

1

The January 2025 examination series for Oxford AQA International Economics presented a balanced but intellectually challenging set of papers across Units 1 to 4.

2

While the multiple-choice sections offered accessible baseline marks, the free-response questions in Sections B, C, and D required sophisticated economic reasoning, precise data integration, and flawless diagrammatic execution.

3

The paper difficulty is set at 3.6 out of 5, demanding that candidates not only regurgitate models but actively apply them to diverse global economies like South Africa, Malaysia, Indonesia, and Brazil.

Question difficulty map

How candidates performed on each question in this series

No data available in official reports

Assessment objectives

Skill and AO weighting from official examiner commentary

Knowledge (AO1)4
Application (AO2)3
Analysis (AO3)2
Evaluation (AO4)1

Skill weighting

Shows the skill mix this paper tested most heavily.

Knowledge (AO1)Knowledge (AO1)Application (AO2)Application(AO2)Analysis (AO3)Analysis (AO3)Evaluation (AO4)Evaluation (AO4)
SkillWeightShare
  • Knowledge (AO1)

    Weight: 4100%
  • Application (AO2)

    Weight: 375%
  • Analysis (AO3)

    Weight: 250%
  • Evaluation (AO4)

    Weight: 125%

Method marks watchlist

Where working, steps, or method marks were commonly lost

No data available in official reports

Recurring mistakes across years

Themes examiners flag in multiple recent sessions for this subject

No data available in official reports

Question choice intelligence

Mean scores and popularity for optional questions (HKDSE electives)

No data available in official reports

Level exemplars

What candidate scripts at each grade level looked like

No data available in official reports

Grade & admission context

How marks relate to grade thresholds and entry standards

Report type

Examiner report — national grade boundaries and question-level commentary

Level A*

Approx. 90% of maximum mark

Level A

Approx. 80% of maximum mark

Level B

Approx. 70% of maximum mark

Level C

Approx. 60% of maximum mark

Level D

Approx. 50% of maximum mark

Level E

Approx. 40% of maximum mark

Deep insights

What top candidates did

Techniques and approaches examiners rewarded in this series

No data available in official reports

Command word playbook

How to match each command word to the expected response style

ExplainFrequency: 10

Give reasons and link mechanism to outcome; each point needs a because/so chain.

CalculateFrequency: 6

Show formula, substitution, and unit; method marks need visible working.

DefineFrequency: 4

Match the expected response style for “Define” questions.

AssessFrequency: 3

Match the expected response style for “Assess” questions.

EvaluateFrequency: 3

Weigh arguments for and against with evidence; end with a supported judgement.

AnalyseFrequency: 2

Break into parts and explain how each contributes to the whole question focus.

DiscussFrequency: 2

Present multiple perspectives with evidence; balance breadth and depth.

IdentifyFrequency: 1

Name or point to the specific feature asked for — avoid extra explanation.

Time traps

Sections where candidates spent disproportionate time relative to marks

Section B (Short An65m / 43 marks

Min per mark: 1.5

Section C (Data Res125m / 87 marks

Min per mark: 1.4

Section A (Multiple60m / 50 marks

Min per mark: 1.2

Syllabus traceability

Topics linked to questions and mark weighting in this session

Trade (Globalisation and trade)

46 marks this session

The distribution of income and wealth within an economy (Poverty and inequality)

27 marks this session

The determination of market prices (How markets work)

26 marks this session

MCQ trap analytics

Commonly chosen wrong options from examiner commentary

No data available in official reports

Topic heatmap across years

Mark concentration by topic and exam year for this subject

Mark intensity

LowHigh
Topic
2023
2024
2025
Σ

The distribution of income and wealth within an economy (Poverty and inequality)

22
27
49

Trade (Globalisation and trade)

46
46

The balance of payments

38
38

Exchange rates (The balance of payments, exchange rates and financial markets)

34
34

Private goods, public goods and quasi-public goods

32
32

Merit and demerit goods

30
30

Monetary policy

29
29

Monopoly and monopoly power (Perfect competition, imperfectly competitive markets and monopoly)

27
27

Paper comparison

Marks and duration breakdown across papers in this session

Unit 1: The Operation of Markets, Market Failure and the Role of Government: Unit 2: The National Economy in a Global Environment: Unit 3: The Economics of Business Behaviour and the Distribution of Income: Unit 4: Economic Development and the Global Economy:

80 marks105 min

Marks you can still earn

Where valid approaches outside the mark scheme may still gain credit

No data available in official reports

Practise what examiners flagged

Target weak topics from this report inside the Revui app

Self-diagnostic checklist

Key actions before you sit this paper — copy and tick off as you revise

  • 1Message

    The January 2025 examination series for Oxford AQA International Economics presented a balanced but intellectually challenging set of papers across Units 1 to 4.

  • 2Message

    While the multiple-choice sections offered accessible baseline marks, the free-response questions in Sections B, C, and D required sophisticated economic reasoning, precise data integration, and flawless diagrammatic execution.

  • 3Message

    The paper difficulty is set at 3.6 out of 5, demanding that candidates not only regurgitate models but actively apply them to diverse global economies like South Africa, Malaysia, Indonesia, and Brazil.

Teacher briefing pack

One-page session summary for tutors and classroom review

Winter 2025 2025

Economics

The January 2025 examination series for Oxford AQA International Economics presented a balanced but intellectually challenging set of papers across Units 1 to 4. While the multiple-choice sections offered accessible baseline marks, the free-response questions in Sections B, C, an

  • The January 2025 examination series for Oxford AQA International Economics presented a balanced but intellectually challenging set of papers across Units 1 to 4.

  • While the multiple-choice sections offered accessible baseline marks, the free-response questions in Sections B, C, and D required sophisticated economic reasoning, precise data integration, and flawless diagrammatic execution.

  • The paper difficulty is set at 3.6 out of 5, demanding that candidates not only regurgitate models but actively apply them to diverse global economies like South Africa, Malaysia, Indonesia, and Brazil.

Total marks
340
Duration
450 min
Session difficulty
3.6 / 5

Session analysis

The January 2025 examination series for Oxford AQA International Economics presented a balanced but intellectually challenging set of papers across Units 1 to 4. While the multiple-choice sections offered accessible baseline marks, the free-response questions in Sections B, C, and D required sophisticated economic reasoning, precise data integration, and flawless diagrammatic execution. The paper difficulty is set at 3.6 out of 5, demanding that candidates not only regurgitate models but actively apply them to diverse global economies like South Africa, Malaysia, Indonesia, and Brazil.

Updated Jun 12, 2026

Paper breakdown

Unit 1: The Operation of Markets, Market Failure and the Role of Government: Unit 2: The National Economy in a Global Environment: Unit 3: The Economics of Business Behaviour and the Distribution of Income: Unit 4: Economic Development and the Global Economy:

80 marks105 min

Top chapters

Trade (Globalisation and trade)46 marks
The distribution of income and wealth within an economy (Poverty and inequality)27 marks
The determination of market prices (How markets work)26 marks

Exam structure insights

Marks by chapter

See where the marks were concentrated so revision time goes to the highest-value topics.

Trade46 marks
The distribution of income and27 marks
The determination of market pri26 marks
Fiscal policy21 marks
Market failure and government i20 marks
Economic growth and the economi16 marks
Employment and unemployment14 marks
Price discrimination12 marks

Mark accessibility

Estimate which marks were basic, mid-level, or high-difficulty.

59% within easy or medium reach

80
120
140
Easy: 80 marksMedium: 120 marksHard: 140 marks

Command word frequency

Spot common command words so answers match the expected response style.

Explain10 times
Calculate6 times
Define4 times
Assess3 times
Evaluate3 times
Analyse2 times
Discuss2 times
Identify1 times

Question type mix

Compare the mark share of each paper section and question type.

340Marks
  • Evaluative Essay Questions

    (20 and 25 marks)

    160·6·47%

  • Analytical Questions

    (6, 9 and 12 marks)

    87·10·26%

  • Multiple Choice Questions

    (MCQ)

    50·50·15%

  • Definitions and Short Answer Questions

    24·10·7%

  • Calculations with Working

    19·6·6%

Study ROI

Bigger bubbles recur more often; higher bubbles carry more marks, helping you rank revision priorities.

DifficultyRecurrence %The determination …Fiscal policy and …Globalisation, int…Economies and dise…

Difficulty trend

Compare difficulty across recent years.

3.520213.820223.52023320243.62025

Time vs marks

Compare marks with suggested time allocation to plan exam pacing.

MarksMinutesMarks / min

Section A (Multiple

0.83 m/min
50
60

Section B (Short An

0.66 m/min
43
65

Section C (Data Res

0.70 m/min
87
125

Total marks

180

Total time

250 min

Avg pace

0.72

Next-year prediction

Topics worth watching next year, with the reason shown directly below each bar.

Development aid, debt, and structural policies

90%

90%

Monetary policy transmission mechanisms and quantitative easing

85%

85%

Market Failure: Positive and Negative Externalities in Consumption

80%

80%

Executive Difficulty Verdict

The January 2025 examination series for Oxford AQA International Economics presented a balanced but intellectually challenging set of papers across Units 1 to 4. While the multiple-choice sections offered accessible baseline marks, the free-response questions in Sections B, C, and D required sophisticated economic reasoning, precise data integration, and flawless diagrammatic execution. The paper difficulty is set at 3.6 out of 5, demanding that candidates not only regurgitate models but actively apply them to diverse global economies like South Africa, Malaysia, Indonesia, and Brazil.

Analysis is paraphrased for study purposes. Always verify against the official examiner report and mark scheme.

9640/21 — Oxford AQA International A Level Economics (Winter 2025) | Revui