JulianMusteata
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Anyone doing AS economics with EDEXCEL, do you have any tips for the data response on how to get easy marks?
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keynes24
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(Original post by JulianMusteata)
Anyone doing AS economics with EDEXCEL, do you have any tips for the data response on how to get easy marks?
Not about easy marks but exam technique. Different questions have different structures , try to make sure you are aware of the allocation of marks between analysis and evaluation for different questions and obviously the key words that indicate when to evaluate.
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GGHD67
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Definitions worth up to 2 marks for some questions
If it says refer to the extract then make sure your refer, its worth up to 2 marks and all you have to do is stay something along the lines of this, 'figure 1 shows the price has fallen from x dollars in 2009 to x dollars in 2011' and also comment on the trend.
Diagrams- external cost diagram is worth 4 marks, subsidies, tax and buffer stock scheme is worth upto 4 marks but you have to make sure to annotate the diagrams i.e stating the tax revenue, government expenditure and consumer and producer surplus.
If you see elasticity- write the formula and explain the forumula i.e if this good is inelastic then a percentage change in price will lead to a smaller percentage decrease in quantity demanded.
Evaluate- This is tricky as it will vary from question from question, your generic ones will be magnitude, other factors, elasticity of demand and supply.
The first few questions will usually have part of the answer in the case study, all you have to do is pick it out and explain it using an economic theory to get your full marks.
Hope this helps you with unit 1 if you need more help message me
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angelwattings
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does anyone have notes for the exam?
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IDK Tuition
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Hello, these are my "GO TO" KAA MARKS:These are the points you should be including as a priority in order to pick up you KAA marks.Identification and explanation you should be including as a matter of course, so remember to make an effort to include definitions and diagrams. There's often a lot of overlap between your identification and explanation marks. See video for more:
  • DEFINITIONS & FORMULAE: define key unit 1 terms mentioned in the question.
  • DIAGRAMS: shoe-horn in diagrams associated with key terms e.g externalities diagram, PPF diagram for opportunity cost
  • IDENTIFICATION: make explicit references to the extracts e.g “extract 1, line 6”, “extract 2 says...”, “£6,000 from extract 1”
  • EXPLANATION: chain of reasoning will pick up the remaining marks once marks above have been gained.
"GO TO" EVAL MARKSThese are the points you should be including as a priority in order to pick up your EVALUATION marks. Remember to evaluate the explanation points you have made (see video and worked solutions below). Note that there will often be overlap between these points:
  • COMMON SENSE answers: what do the extracts point to? What are the counter-arguments presented?
  • MAGNITUDE: state that the extent of the “effect” depends on the size of the cause. Assess any numbers mentioned in the extract for significance and/or reliability.
  • TIME PERIOD: will the effects in the short-term differ from the long- term? Are there any time lags?
  • GOVERNMENT FAILURE/PERFECT INFORMATION: always talk about this when discussing externalities. State that externalities are hard to quantify so it is difficult to bring about correct policy response.
  • DIFFERENT GROUPS: are different groups of people affected differently?
  • ELASTICITIES: when drawing a graph, discuss what happens when demand/ supply is inelastic vs when it is elastic.
  • OPPORTUNITY COST OF INTERVENTION: if the government imposes a tax, how much revenue will be raised? What will this revenue be spent on? If the government imposes a subsidy, how will this be funded? What else could this subsidy be spent on?
Examples and full mark answers are available on my website.

Hope this helps,

Tom (IDK-tuition.com, free online economics videos and resources)
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angelwattings
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(Original post by IDK Tuition)
Hello, these are my "GO TO" KAA MARKS:These are the points you should be including as a priority in order to pick up you KAA marks.Identification and explanation you should be including as a matter of course, so remember to make an effort to include definitions and diagrams. There's often a lot of overlap between your identification and explanation marks. See video for more:
  • DEFINITIONS & FORMULAE: define key unit 1 terms mentioned in the question.
  • DIAGRAMS: shoe-horn in diagrams associated with key terms e.g externalities diagram, PPF diagram for opportunity cost
  • IDENTIFICATION: make explicit references to the extracts e.g “extract 1, line 6”, “extract 2 says...”, “£6,000 from extract 1”
  • EXPLANATION: chain of reasoning will pick up the remaining marks once marks above have been gained.
"GO TO" EVAL MARKSThese are the points you should be including as a priority in order to pick up your EVALUATION marks. Remember to evaluate the explanation points you have made (see video and worked solutions below). Note that there will often be overlap between these points:
  • COMMON SENSE answers: what do the extracts point to? What are the counter-arguments presented?
  • MAGNITUDE: state that the extent of the “effect” depends on the size of the cause. Assess any numbers mentioned in the extract for significance and/or reliability.
  • TIME PERIOD: will the effects in the short-term differ from the long- term? Are there any time lags?
  • GOVERNMENT FAILURE/PERFECT INFORMATION: always talk about this when discussing externalities. State that externalities are hard to quantify so it is difficult to bring about correct policy response.
  • DIFFERENT GROUPS: are different groups of people affected differently?
  • ELASTICITIES: when drawing a graph, discuss what happens when demand/ supply is inelastic vs when it is elastic.
  • OPPORTUNITY COST OF INTERVENTION: if the government imposes a tax, how much revenue will be raised? What will this revenue be spent on? If the government imposes a subsidy, how will this be funded? What else could this subsidy be spent on?
Examples and full mark answers are available on my website.

Hope this helps,

Tom (IDK-tuition.com, free online economics videos and resources)
Actually it helped a lot! Do you have any material notess??
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JulianMusteata
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(Original post by IDK Tuition)
Hello, these are my "GO TO" KAA MARKS:These are the points you should be including as a priority in order to pick up you KAA marks.Identification and explanation you should be including as a matter of course, so remember to make an effort to include definitions and diagrams. There's often a lot of overlap between your identification and explanation marks. See video for more:
  • DEFINITIONS & FORMULAE: define key unit 1 terms mentioned in the question.
  • DIAGRAMS: shoe-horn in diagrams associated with key terms e.g externalities diagram, PPF diagram for opportunity cost
  • IDENTIFICATION: make explicit references to the extracts e.g “extract 1, line 6”, “extract 2 says...”, “£6,000 from extract 1”
  • EXPLANATION: chain of reasoning will pick up the remaining marks once marks above have been gained.
"GO TO" EVAL MARKSThese are the points you should be including as a priority in order to pick up your EVALUATION marks. Remember to evaluate the explanation points you have made (see video and worked solutions below). Note that there will often be overlap between these points:
  • COMMON SENSE answers: what do the extracts point to? What are the counter-arguments presented?
  • MAGNITUDE: state that the extent of the “effect” depends on the size of the cause. Assess any numbers mentioned in the extract for significance and/or reliability.
  • TIME PERIOD: will the effects in the short-term differ from the long- term? Are there any time lags?
  • GOVERNMENT FAILURE/PERFECT INFORMATION: always talk about this when discussing externalities. State that externalities are hard to quantify so it is difficult to bring about correct policy response.
  • DIFFERENT GROUPS: are different groups of people affected differently?
  • ELASTICITIES: when drawing a graph, discuss what happens when demand/ supply is inelastic vs when it is elastic.
  • OPPORTUNITY COST OF INTERVENTION: if the government imposes a tax, how much revenue will be raised? What will this revenue be spent on? If the government imposes a subsidy, how will this be funded? What else could this subsidy be spent on?
Examples and full mark answers are available on my website.

Hope this helps,

Tom (IDK-tuition.com, free online economics videos and resources)
This is really helpful, need to remember these for the exam, thank you!
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JulianMusteata
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How did people find the exam?
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IDK Tuition
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(Original post by JulianMusteata)
How did people find the exam?
Hi all,

Hope you all found today's paper more reasonable than the AQA lot! Just a quick update to say that I've uploaded a unit 2 KAA video, to be followed by an evaluation video (with special focus on the mammoth 30 marker) within a couple of days.

Tom (IDK-tuition.com, free online economics resources and videos)
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