The Economics Handbook Flashcards
What is P1 (paper 1) and P2 (paper 2)
p1 = microeconomics
p2 = macroeconomics
what is p3 (paper 3)
synoptic
format section am (p1p2)
multiple choice + short answer question
format section b (p1p2)
5 questions based on a series of extracts and data
How many marks a minute
1 mark a minute
marks and time section a (p1p2)
25 minutes, 25 marks
Section C format (p1p2)
answer one from a choice of two open ended questions
marks and time Section B (p1p2)
50 marks
5 min reading and 1 hr answering
marks and time section c (p1p2)
25 marks, 30 mins
p3 section a format
3 short questions and 1 open ended question from choice of 2 based upon a series of extracts and data
marks and time section a
50 marks, 10 mins reading and 50 minute answering questions
p3 section b format
same as A
explain command word
knowledge + analysis
Calculate command
purely maths ( generally )
Calculate command
purely maths ( generally )
‘examine’discuss ‘asses’
require KAAE
What is KAAE
Knowledge
Application
Analysis
Evaluation
How many points do you need to make
some will specify or not but ‘impacts’ or ‘effects’ are plural so you need to do 2
how are definitions utilised in questions
for shorter questions ( under 8 marks ) you should start with a relevant economic definition
what is a signpost sentence
a signpost sentence uses the key words of the question and makes it clear how you are answering it
How should diagrams be used
you should ALWAYS draw a diagram if it helps.
incoporate into ur explanation not just at the end
label axis for application marks
use advanced diagrams to illustrate points
what must use show for calulation
working out
what are absolute values useful for
measuring wether data is increasing or decreasing
What are % changes useful in identifying
rates of change ( ac/deceleration )
What are ratios to gdp useful in identifying
comparing values relative to the size of an economy
What do index numbers how
give a picture of the change in the value
What are the 3 types of evlauation
1) discussion of significanxce. best done at end of chains of reasoning
2) Recognition of counter argument. best done in for and against
3) questioning validity of data provided
What is high level evalutation always supported with
Relevant reasining and reference to context enabling informated judgements
where is the only place conclusions are necessary
essays
