Things to remember when answering Economics exam questions!!
Some pointers and key things to remember when you are answering the questions!
- Created by: Revision Mode
- Created on: 31-12-12 21:01
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- Answering Economics Exam Questions
- 8 mark - Data comparison
- Be specific!
- Right figures, units
- Peaks/troughs, start/end
- Fluctuations
- Sharp rises/falls
- Overall Change
- 25 Mark
- 1. Introduction and Application
- Include definitions
- Spend no longer than 5 mins
- Application - draw prompts from data
- 1/3 Page
- 2. Analysis
- Page
- Diagrams!
- Include labels such as..
- Excess Demand/supply
- Over/under consumption
- Taxes/Subsidies
- Exaplanation
- Include labels such as..
- Non-price related policies
- Such as providing information
- 3. Evaluation
- 1. Introduction and Application
- 12 mark
- Diagram worth up to 6 marks!
- Label axis, points on axis
- Correct curve shifts
- Arrows, points clearly labelled
- Shape of curves - ie elastic/inelastic
- Explanation - up to 8 marks
- Curve shift - reasons why
- Defintions
- Demand, supply
- Contraction / extension
- Diagram worth up to 6 marks!
- 5 Marks - definitions
- Use of examples
- Formula, if required eg elasticity
- 8 mark - Data comparison
- Explanation - up to 8 marks
- Curve shift - reasons why
- Defintions
- Demand, supply
- Contraction / extension
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