Timing and Technique

Econ 1

Overview

• Econ 1 is split into 2 parts– Section A: objective Test 25 marks (25 mins)– Section B: Data Response 1 from 2 50 marks (50

mins)

– 75 marks available– 57-60 marks A grade– 67 + 100 ums– 50% AS and 25% A Level

Objective Test

• 1 minute per question• Read the stem carefully• Check options rule out obvious wrong answer• Annotate diagram / draw diagram / write out

equation• Choose best answer even if not sure• Make a note of number if uncertain and

return to at end if time

Opportunity Cost

Externalities

Externalities

Elasticity

Elasticity 2

Elasticity 3

Maths

Section B

• Take 5 mins• Check questions– 25 mark first– Then 12 mark– Then chart– Then definition

• Skim read Extracts and decide • Choose the easy one!?

Definition 5 marks 2 mins

• Clear concise language• Address each term• Give and example (within context?)• Write equation for elasticity is enough

Jan 2009 1

Jan 2009 2

June 2009 1

June 2009 2

Jan 2010 1

Jan 2010 2

Data

• 2 distinct and significant observations– Start point finish point trend– High point low point range– Anomalies

• Use clear time points data (accurate) and units• Use a ruler

Mark Scheme

Line Charts

observations

Bar Charts

Tables

Diagram Question

• Structure is important– Define key terms (2 marks)– Paragraph uses extract information to explain

concept or changing market influence (6 marks)– Clear diagram full labelled (4 marks)– Extension paragraph building (6 marks)

Flexible

Plenty of Marks around

Flexible

Do the basics

Pleanty of marks around

Discussion 25 marks

• Think structure– Interesting introductions– Effective issues (x2)• Identify and develop• Dynamic diagram• Validate and evaluate

– Challenging conclusions• Complements / contradictions / complexities• Government failure• Cost benefit analysis