Interpreting economic data, index numbers, and how to evaluate arguments and build chains of reasoning.
Top marks in Economics come from applying theory to context and evaluating — not just describing.
Working with data
- Index numbers: a base year = 100; a value of 115 means a 15% rise since the base.
- Percentage change .
- Distinguish real (inflation-adjusted) from nominal values.
- Read graphs/tables carefully: quote figures, identify trends and turning points.
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