The Economics Handbook COPY Flashcards

1
Q

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

A

p1 = microeconomics

p2 = macroeconomics

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2
Q

what is p3 (paper 3)

A

synoptic

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3
Q

format section am (p1p2)

A

multiple choice + short answer question

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4
Q

format section b (p1p2)

A

5 questions based on a series of extracts and data

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5
Q

How many marks a minute

A

1 mark a minute

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6
Q

marks and time section a (p1p2)

A

25 minutes, 25 marks

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7
Q

Section C format (p1p2)

A

answer one from a choice of two open ended questions

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8
Q

marks and time Section B (p1p2)

A

50 marks

5 min reading and 1 hr answering

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9
Q

marks and time section c (p1p2)

A

25 marks, 30 mins

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10
Q

p3 section a format

A

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

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11
Q

marks and time section a

A

50 marks, 10 mins reading and 50 minute answering questions

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12
Q

p3 section b format

A

same as A

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13
Q

explain command word

A

knowledge + analysis

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14
Q

Calculate command

A

purely maths ( generally )

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15
Q

Calculate command

A

purely maths ( generally )

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16
Q

‘examine’discuss ‘asses’

A

require KAAE

17
Q

What is KAAE

A

Knowledge

Application

Analysis

Evaluation

18
Q

How many points do you need to make

A

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

19
Q

how are definitions utilised in questions

A

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

20
Q

what is a signpost sentence

A

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

21
Q

How should diagrams be used

A

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

22
Q

what must use show for calulation

A

working out

23
Q

what are absolute values useful for

A

measuring wether data is increasing or decreasing

24
Q

What are % changes useful in identifying

A

rates of change ( ac/deceleration )

25
What are ratios to gdp useful in identifying
comparing values relative to the size of an economy
26
What do index numbers how
give a picture of the change in the value
27
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
28
What is high level evalutation always supported with
Relevant reasining and reference to context enabling informated judgements
29
where is the only place conclusions are necessary
essays