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Edexcel IAL · Economics Unit 2 · WEC12

WEC12 the night before
Macroeconomic Performance and Policy

Next sitting: Fri 16 Oct 2026, morning, 1 hour 45 minutes. In 6 days. This page shows what is on the paper, how each question is marked, and what to do tonight. It is free.

The paper

What is on WEC12

1 hour 45 minutes, 80 marks, calculator allowed. This is the layout of every WEC12 paper we read.

SectionWhat you answerMarks
A6 multiple choice questionsAnswer all 66
B5 short questions of 4 marks each: one Draw, one Calculate and three ExplainAnswer all 520
COne data question with an extract, in five parts (2, 4, 6, 8 and 14 marks)Answer all 5 parts34
DTwo essays of 20 marksChoose 1 of 220
How it is marked

What each part of the data question earns

Section C is one data question worth 34 marks. These are the marks the mark schemes give each part. Knowledge is knowing the idea, application is using the extract, analysis is the chain of reasoning, and evaluation is weighing it up.

PartWhere the marks come from
Define 2Knowledge 2A precise definition of the term. Both marks are for knowledge.
Explain 4Knowledge 2 + Application 2Make the point, then use a number or fact from the extract.
Analyse 6Knowledge 2 + Application 2 + Analysis 2Explain the chain of causes step by step. There are no marks for evaluation here.
Examine 8Knowledge 2 + Application 2 + Analysis 2 + Evaluation 2The same as Analyse 6, then one point that weighs it up.
Discuss 148 for knowledge, application and analysis + 6 for evaluationMarked in levels. Develop two or three points with the extract, then weigh them up.
Essay 2012 for knowledge, application and analysis + 8 for evaluationSection D: choose 1 of 2. Marked in levels.

Section B: the 4-mark questions

Draw 4Knowledge 1 + Application 3An AS/AD or LRAS diagram. Label both axes, every curve and the old and new equilibrium.
Calculate 4Knowledge 1 + Application 3Show every step and give the unit with the answer.
Explain one… 4Knowledge 1 + Application 1 + Analysis 2One effect or reason, explained as a chain of steps.
Explain the term or the difference 4Knowledge 2 + Application 2Define it precisely, then use the data or an example.
From the real papers

What the past papers show

Section B never changes its mix
All 13 papers we read have one Draw (an AS/AD or LRAS diagram), one Calculate worth 4 marks and three Explain questions. Since October 2021 the Draw is Q8 and the Calculate is Q9.
The calculations you meet
The multiplier from the MPC, GDP per capita, an index number, AD = C + I + G + (X − M), and a change in population or in the trade balance. There is no 2-mark Calculate in WEC12.
Discuss 14 comes last
The data question starts with Define 2 and ends with Discuss 14. In 3 of 13 papers, Examine 8 came before Analyse 6.
Essays need a country
Section D usually asks about a country of your choice. Mark schemes have capped answers with no real country at 9 of the 12 marks for knowledge, application and analysis. A diagram is not asked for, but it earns credit.
Calculations

The calculations WEC12 asks for

Multiplier1 ÷ (1 − MPC), which is the same as 1 ÷ MPW
Aggregate demandAD = C + I + G + (X − M)
GDP per capitaGDP ÷ population
Index number(value this year ÷ value in the base year) × 100
Percentage change(new − old) ÷ old × 100
The night before

What to do tonight

Do not try to learn the whole unit again. Do these, then sleep.

  1. Draw an AS/AD diagram and an LRAS diagram from memory, fully labelled. One of them is worth 4 marks in Section B.
  2. Work out the multiplier when the MPC is 0.8 (answer: 5) and when the MPW is 0.25 (answer: 4), without notes.
  3. Choose one country you know well, with two facts about its growth, inflation or unemployment, ready for the Section D essay.
  4. Answer one data question from start to finish under time, then check it against the marks for each part below.

Every topic in Unit 2 has a free Practice tab. Marking of written answers is part of Pro.

Dates

When WEC12 is sat

SeriesDateSession
October 2026Fri 16 Oct 2026In 6 daysMorning1h 45m
January 2027Wed 13 Jan 2027Morning1h 45m
May/June 2027Wed 12 May 2027Morning1h 45m

Dates from Pearson's final timetables. See every IAL exam series. Your exams officer confirms your start time.

Where this comes from. We read the question papers and mark schemes of 13 real WEC12 sittings: Jun 2019, Oct 2019, Jan 2020, Oct 2020, Jan 2021, Jun 2021, Oct 2021, Jun 2022, Jan 2023, Oct 2023, Jun 2024, Oct 2024, Jan 2025. Everything on this page is what those papers did. Pearson can change a paper, so a future paper may differ.

Good luck with WEC12

Free notes, diagrams and practice questions for every topic in Unit 2.