A level Edexcel economics: 25 markersWatch
- How significant are these points in practice? Where are they significant?
- Are there conflicting theories? How do they compare?
- Econometric stats?
- How will you weigh up the implications?
- Do you agree with the theory or analysis? Why do/don't you agree?
- What are the limitations of the analysis and theory?
It's probably best to speak to your tutors and consult the mark scheme regarding this. Letts used to provide an exam practice book on the subject, but I don't think they do it anymore, especially with the new A Level spec.
25 mark essay technique
Intro (¼ page)
On the one hand (2 solid paragraphs ½ page each)
On the other hand (2 solid paragraphs ½ page each)
Final judgement (½ page)
(length is approximation)
Intro (¼ page, 2 marks)
Any general information about the topic and relevant definitions. ¼ page approx.
(e.g In this essay i will be assessing which of the most common policies for reducing demerit good consumption is most effective and why. …. Definitions .)
Paragraph structure(½ page, 5 marks)
Make point (e.g ‘indirect taxes are a popular method used by governments to reduce cigarette consumption’)
Explanation (e.g Higher prices result in a fall in demand. )
Answer the question (e.g indirect taxes do result in reduction in demand but not to the level desired as cigarettes are price inelastic. This is due to their addictiveness.)
Example (e.g An increase in VAT by 5% might reduce demand by 3%. Graph showing demand falling proportionately less than price rise)
Evaluate (short run and long run impacts, winners and losers question assumptions from theory)
Judgement (8 marks)
Final answer to the question (key features: answer question explicitly , justify answer by weighing up core arguments, consider short run and long run impact, use examples/evidence to make cause throughout)