Match the depth to the marks. The higher the tariff, the more evaluation matters:
Tariff How long should my answer be?
Match the depth to the marks. The higher the tariff, the more evaluation matters:
| Marks | Typical command | What to include |
|---|---|---|
| 4–5 | Explain / Calculate / Draw | One or two developed chains (KAA). A diagram if relevant. No evaluation. |
| 8–10 | Examine | Apply to the data, 1–2 strong analysis chains + the start of evaluation. |
| 12 | Discuss / Assess | ~2 KAA points + ~2 evaluation points + a short judgement. |
| 15 | Assess / Evaluate | As 12 with greater depth and a clearly prioritised conclusion. |
| 25 | Evaluate / To what extent | Plan first. 2–3 developed KAA paragraphs, each answered by evaluation, then a substantiated conclusion that weighs the factors. |
KAA = Knowledge, Application, Analysis. Aim for roughly balanced KAA and evaluation on 12+ tariff questions, and always finish with a judgement.
Must-know Diagrams to draw from memory
Economics is a diagram subject. You should be able to draw each of these — fully labelled — without notes:
Formulae Everything you must be able to calculate
`` % change = (new − old) ÷ old × 100 PED = %ΔQ demanded ÷ %ΔPrice · YED = %ΔQ demanded ÷ %ΔIncome XED = %ΔQ demanded of A ÷ %ΔPrice of B · PES = %ΔQ supplied ÷ %ΔPrice Total revenue = Price × Quantity Tax revenue = tax/unit × quantity · Subsidy cost = subsidy/unit × quantity ``
Show your working and always include units (£, %, units).
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