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Economics 0455 Past Exam
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  • Course
  • 0455
  • Institution
  • Fourth Year / 10th Grade
  • Book
  • Cambridge IGCSE® and O Level Economics Coursebook

This is a Economics 0455 multiple choice past exam with correction. If the answers are not clear enough, please check the texbook for the specific answers! Good luck on your studies!

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Document information

  • May 18, 2024
  • 19
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

Subjects

  • economics 0455
  • multiple choice past exam
  • with correction
  • basic economics problems
  • policies
  • fiscal policie
  • taxation
  • testa paper training exam
  • op

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0455/22 Mark Scheme: First draft 2024



Cambridge Assessment International Education

Cambridge IGCSE




ECONOMICS 0455/22



Paper 2 Structured Questions February/March 2024


MARK SCHEME


Maximum Mark : 90




PRE- STANDARDISATION



These general marking principles must be applied by all examiners when marking candidate answers. They should be applied alongside the specific content of
the mark scheme or generic level descriptors for a question. Each question paper and mark scheme will also comply with these marking principles.

Page 1 of 19

,0455/22 Mark Scheme: First draft 2024


GENERIC MARKING PRINCIPLE 1:
Marks must be awarded in line with:
• the specific content of the mark scheme or the generic level descriptors for the question
• the specific skills defined in the mark scheme or in the generic level descriptors for the question
• the standard of response required by a candidate as exemplified by the standardisation scripts
GENERIC MARKING PRINCIPLE 2:
Marks awarded are always whole marks (not half marks, or other fractions).

GENERIC MARKING PRINCIPLE 3:
Marks must be awarded positively:
• marks are awarded for correct/valid answers, as defined in the mark scheme. However, credit is given for valid answers which go beyond
the scope of the syllabus and mark scheme, referring to your Team Leader as appropriate
• marks are awarded when candidates clearly demonstrate what they know and can do
• marks are not deducted for errors
• marks are not deducted for omissions
• answers should only be judged on the quality of spelling, punctuation and grammar when these features are specifically assessed by the
question as indicated by the mark scheme. The meaning, however, should be unambiguous
GENERIC MARKING PRINCIPLE 4:
Rules must be applied consistently e.g. in situations where candidates have not followed instructions or in the application of generic level
descriptors.

GENERIC MARKING PRINCIPLE 5:
Marks should be awarded using the full range of marks defined in the mark scheme for the question (however; the use of the full mark range may
be limited according to the quality of the candidate responses seen).

GENERIC MARKING PRINCIPLE 6:
Marks awarded are based solely on the requirements as defined in the mark scheme. Marks should not be awarded with grade thre sholds or
grade descriptors in mind.




Page 2 of 19

, 0455/22 Mark Scheme: First draft 2024

Subject Specific Marking Principles (point-based marking)

1. Components using point-based marking:
Point marking is often used to reward knowledge, understanding and application of skills. We give credit where the candidate’s answer shows relevant
knowledge, understanding and application of skills in answering the question. We do not give credit where the answer shows confusion. From this it
follows that we:
a. credit answers which are worded differently from the mark scheme if they clearly convey the same meaning (unless the mark scheme requires a
specific term)
b. credit alternative answers/examples which are not written in the mark scheme if they are correct
c. credit answers where candidates give more than one correct answer in one prompt/numbered/scaffolded space, where extended writing is
required rather than list-type answers. For example, questions that require n reasons (e.g. State two reasons…).
d. DO NOT credit answers simply for using a ‘key term’ unless that is all that is required. (Check for evidence it is understood and not used wrongly.)
e. DO NOT credit answers which are obviously self-contradicting or trying to cover all possibilities, e.g. a scattergun approach to a question asking
for n items
f. DO NOT give further credit for what is effectively repetition of a correct point already credited unless the language itself is being tested. This
applies equally to ‘mirror statements’ (i.e. polluted/not polluted).
g. DO NOT require spellings to be correct, unless this is part of the test. However spellings of syllabus terms must allow for clear and unambiguous
separation from other syllabus terms with which they may be confused (e.g. erosion/corrosion).

2. Presentation of mark scheme:
• Slashes (/) or the word ‘or’ separate alternative ways of making the same point.
• Semi colons (;) bullet points (•) or figures in brackets (1) separate different points.
• Content in the answer column in brackets is for examiner information / context to clarify the marking but is not required to earn the mark

3. Calculation questions:
• The mark scheme will show the steps in the most likely correct method(s), the mark for each step, the correct answer(s) and the mark for each
answer.
• If working/explanation is considered essential for full credit, this will be indicated in the question paper and in the mark scheme. In all other instances,
the correct answer to a calculation should be given full credit, even if no supporting working is shown.
• Where the candidate uses a valid method which is not covered by the mark scheme, award equivalent marks for reaching equivalent stages.
• Where an answer makes use of a candidate’s own incorrect figure from previous working, the ‘own figure rule’ (OFR) applies: full marks will be given
if a correct and complete method is used. Further guidance will be included in the mark scheme where necessary and any exceptions to this general
principle will be noted.

4. Annotation:
• For point marking, ticks are used to indicate correct answers and crosses to indicate wrong answers. There is a direct relationship between ticks and
marks.
• Other annotations will be used by examiners as agreed during standardisation, and the meaning will be understood by all examiners who mark that
paper.
• For levels of response marking, each level awarded should be clearly annotated on the script the first time it is achieved.
Page 3 of 19

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