Unit 4 ECON4 - Economics: The National and International Economy
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Economics paper 2 exam technique
2 marker
2 minutes
Show workings
Write down data found from case study
Write down any formulae needed
Use calculator
Write the correct units and aim for 2 decimal places
4 marker
6 minutes
At least 2 pieces of evidence
Quote the data accurately
May need to complete a calculation to provide more evidence
Define the key economic concept
Include 3 step analytical chain which links the evidence to the key
concept
9 marker
Definition of one or two key terms in the question
Basic point
Evidence from the extract
Draw diagram
o Accurate, comprehensive, equilibria labelled
5 step chain of analysis
o Refer to the diagram
Identify and analyse 2 points
15 marker
20 minutes
Definition of one or two key terms in the question
Two or three points
For each point complete a chain of analysis
Add some data to show real world application
No evaluation
At least one graph
, o Explain it in the text
25 marker
40 minutes
Introduction
o Define key terms
o Introduce 3 points you will make
o Write one sentence that briefly summarises conclusion
o Use specific words from the question
Analysis
o Explain your point through a chain of analysis
o Include a graph
o Add a fact or information about the current state of the
economy
o Consider another chain of analysis
o Extend the point
Evaluation
o What point depends on to hold truth
o The assumptions underlying analysis may not holds
o There are different perspectives
o There may be evidence that negates or supports your view
o Final sentence links back to question using specific words from
the question
Analysis
Evaluation
Analysis
Evaluation
Conclusion
o Answer the question directly using wording of the question
o Justify your answer
o Consider other evaluation points
o Real world context
o Do not introduce anything new
o Judgement based on 3 points
Components of aggregate demand
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