Things to remember when answering Economics exam questions!!

Some pointers and key things to remember when you are answering the questions!

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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
        • Non-price related policies
          • Such as providing information
      • 3. Evaluation
    • 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
    • 5 Marks - definitions
      • Use of examples
      • Formula, if required eg elasticity
  • Explanation - up to 8 marks
    • Curve shift - reasons why
    • Defintions
      • Demand, supply
      • Contraction / extension

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