The Economics Handbook

Question 1

What is P1 (paper 1) and P2 (paper 2)

Answer 1

p1 = microeconomics

p2 = macroeconomics

Question 2

what is p3 (paper 3)

Answer 2

synoptic

Question 3

format section am (p1p2)

Answer 3

multiple choice + short answer question

Question 4

format section b (p1p2)

Answer 4

5 questions based on a series of extracts and data

Question 5

How many marks a minute

Answer 5

1 mark a minute

Question 6

marks and time section a (p1p2)

Answer 6

25 minutes, 25 marks

Question 7

Section C format (p1p2)

Answer 7

answer one from a choice of two open ended questions

Question 8

marks and time Section B (p1p2)

Answer 8

50 marks

5 min reading and 1 hr answering

Question 9

marks and time section c (p1p2)

Answer 9

25 marks, 30 mins

Question 10

p3 section a format

Answer 10

3 short questions and 1 open ended question from choice of 2 based upon a series of extracts and data

Question 11

marks and time section a

Answer 11

50 marks, 10 mins reading and 50 minute answering questions

Question 12

p3 section b format

Answer 12

same as A

Question 13

explain command word

Answer 13

knowledge + analysis

Question 14

Calculate command

Answer 14

purely maths ( generally )

Question 15

Calculate command

Answer 15

purely maths ( generally )

Question 16

‘examine’discuss ‘asses’

Answer 16

require KAAE

Question 17

What is KAAE

Answer 17

Knowledge

Application

Analysis

Evaluation

Question 18

How many points do you need to make

Answer 18

some will specify or not but ‘impacts’ or ‘effects’ are plural so you need to do 2

Question 19

how are definitions utilised in questions

Answer 19

for shorter questions ( under 8 marks ) you should start with a relevant economic definition

Question 20

what is a signpost sentence

Answer 20

a signpost sentence uses the key words of the question and makes it clear how you are answering it

Question 21

How should diagrams be used

Answer 21

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

Question 22

what must use show for calulation

Answer 22

working out

Question 23

what are absolute values useful for

Answer 23

measuring wether data is increasing or decreasing

Question 24

What are % changes useful in identifying

Answer 24

rates of change ( ac/deceleration )

Question 25

What are ratios to gdp useful in identifying

Answer 25

comparing values relative to the size of an economy

Question 26

What do index numbers how

Answer 26

give a picture of the change in the value

Question 27

What are the 3 types of evlauation

Answer 27

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

Question 28

What is high level evalutation always supported with

Answer 28

Relevant reasining and reference to context enabling informated judgements

Question 29

where is the only place conclusions are necessary

Answer 29

essays