Hey there! Sign in to join this conversationNew here? Join for free

Economics EDEXCEL AS exam evaluation and structure help! Watch

    • Thread Starter
    Offline

    0
    ReputationRep:
    I have an economics exam in a few weeks and I'm doing unit 1: Competitive Markets (Edexcel).I'm currently memorising the content, however I'm aware that just memorising the content will only get you so far. Sure, for section A it will work but for section B evaluation points are what get you the majority of marks. However, I haven't been taught at school how to approach section B and section B is my weakness I was wondering whether anyone could give me a "skeleton structure" (How to structure my answer) that I could apply to any question I come across in section B. And also give me some evaluation points for a few topics that I could use .For evaluation points for each topic shall I just write down the long term and short term effects, so for price elasticity of demand, I could write in my notes the difference between products with low price elasticity of demand ( such as salt) and then products with high price elasticity ( such as spaghetti) and then write down the long term/short term effect on the economy it has? I would obviously adapt it to the question I get, but would that be a good way to approach section B?
    Offline

    2
    ReputationRep:
    (Original post by Cookies&Cream:))
    I have an economics exam in a few weeks and I'm doing unit 1: Competitive Markets (Edexcel).I'm currently memorising the content, however I'm aware that just memorising the content will only get you so far. Sure, for section A it will work but for section B evaluation points are what get you the majority of marks. However, I haven't been taught at school how to approach section B and section B is my weakness I was wondering whether anyone could give me a "skeleton structure" (How to structure my answer) that I could apply to any question I come across in section B. And also give me some evaluation points for a few topics that I could use .For evaluation points for each topic shall I just write down the long term and short term effects, so for price elasticity of demand, I could write in my notes the difference between products with low price elasticity of demand ( such as salt) and then products with high price elasticity ( such as spaghetti) and then write down the long term/short term effect on the economy it has? I would obviously adapt it to the question I get, but would that be a good way to approach section B?


    This is taken from another TSR user post, and I think it's silly if I just repeated what he said


    "We Will use an example question from the June 2011 paper.


    "Extract F (lines 7–8) states: ‘Supply-side policies will also contribute to lower inflation’.




    Using the data and your economic knowledge, evaluate the importance of supply-side policies in helping to control inflation in the UK. (25 marks)"




    Definition - Define at least one keyword for 2 marks. You are allowed to define up to 2 key words which gets you 4 marks.




    Define supply-side policies and inflation








    Adv of question - Advantages of supply-side policies in controlling inflation. Use diagrams.




    LRAS shifting to right
    Lower inflation (assuming economy is to some extent overheating, or at the very least, not on the excess capacity stage)
    Achieve all four macro-economic indicators








    Disadvantages of question - Disadvantages of supply-side policies in controlling inflation.




    Time lag - takes years
    External events may affect success of policy e.g. current Eurozone crisis / previous recessions
    Perhaps not as effective as other economic policies to control inflation - leads to next paragraph








    Alternatives to question - Alternative economic policy that controls inflation
    Expansionary fiscal
    Contractionary fiscal
    Expansionary monetary
    Contractionary monetary




    Include a diagram if you have time








    Conclusion - Always start conclusion with question to keep on track, so:




    "The extent to which supply-side policies control inflation..."




    Summarise adv, disadv and alternative




    Get a lot of eval marks in conclusion, make sure it isn't weak"


    This particular question probably isn't relevent to Edexcel, but the structure still remains the same.

    For evaluation, say things such as "The extent to which succeeds depends on...", "This will only work if..."


    Thanks,
    Alex :cool:
    Offline

    0
    ReputationRep:
    i have this ebooks if you want
    Offline

    0
    ReputationRep:
    (Original post by dzebooks)
    i have this ebooks if you want
    Which books are these? I would be very interested if they can help with evaluation.
 
 
 
  • See more of what you like on The Student Room

    You can personalise what you see on TSR. Tell us a little about yourself to get started.

  • Poll
    Did TEF Bronze Award affect your UCAS choices?
  • See more of what you like on The Student Room

    You can personalise what you see on TSR. Tell us a little about yourself to get started.

  • The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

    Register Number: 04666380 (England and Wales), VAT No. 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE

    Quick reply
    Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.