AS revision day resources

6Ec01 Mr Lawfull

We looked at the multiple choice questions and chose DRQ10 - cars.Worth re-looking at use of diagrams to illustrate XED, consumer surplus, subidies and taxes, pollution permits, externalities. Concept wise - have another look at truly understanding - public goods and  labour mobility. Exam skills - spot where to evaluate, how much to evaluate and how to evaluate.

Rule of thumb:

Assess 6 marks = 4+2e

Discuss 10 marks = 3+2e, 3+2e

Examine - 12, 14, 15 marks - unless says use a diagram of discuss 2 - then evaluate three points (PEEE 3 times).

ALWAYS ENSURE YOUR EVALUATION LINKS BACK TO ANSWERING THE QUESTION.

Mark Scheme
 http://qualifications.pearson.com/content/dam/pdf/A%20Level/Economics/2013/Exam%20materials/6EC01_01_msc_20100716.pdf

Model answers

http://qualifications.pearson.com/content/dam/pdf/A%20Level/Economics/2013/Exam%20materials/6EC01_%2001_pef_20100812.pdf


6EC02 - Mr Gray
We chose DRQ2 and identified which questions you needed to evaluate - why is it only aiii) biii) and c. In answering section a) many students missed the importance of spotting where it says - use extract 1 and found  answering why the government has a low and stable inflation rate a challenge - worth trying yourself and looking at the Mark Scheme and Model answer below. Q1aiii - is interesting as you can approach either way i.e. need to avoid deflation by cutting interest rates from 5% to 0.5% OR the need to raise interest rates to bring inflation on target. Both are valid responses but need a confident use of the monetary transmission mechanism and the ability to evaluate it. A careful read of the data would have provided a highly effective and quick response - focussing on avoiding deflation.

Monetary Transmission Mechanism: http://www.bized.co.uk/virtual/bank/economics/mpol/mpc/theories1.htm

2iii - Asked students to look at impact on house prices since mid 2007

2c - a very straightforward question - but would you have time in the exam to do yourself justice. Practice at home full papers under timed conditions and submit your response for marking.

Mark Scheme

http://qualifications.pearson.com/content/dam/pdf/A%20Level/Economics/2013/Exam%20materials/6EC02_01_msc_20100716.pdf

Model Answers

http://qualifications.pearson.com/content/dam/pdf/A%20Level/Economics/2013/Exam%20materials/6EC02_01_pef_20100818.pdf