Economics

Assessment

Economics is in the first wave of reform and as a result, we have moved to 2-year linear course. The content is outlined below and can be split broadly into two sections. Also detailed is the assessment structure of the three exams which will be sat at the end of the course. Paper 1: Markets and market failure: • Students answer two questions • Section A: Data response: Choose one context from a choice of two (40) • 4 sub-questions, carrying 2,4,9 and 25 • Section B – Essay: Choose one context from a choice of three (40) • Two parts to carrying 15 and 25 marks Paper 2: National and International Economy: • Students answer two questions • Section A – Data response: Choose one context from a choice of two (40) • Section B – Essay: Choose one context from a choice of three (40) (15 and 25) Paper 3: Economic principles and issues: • Section A - MCQ (30) – micro and macro, many will test quantitative skills • Section B – Extended writing questions based on an unseen case study (50) • 3 sub-questions worth 10, 15 & 25 marks • Students must refer to the source booklet • Case study will also test quantitative skills • The final question requires candidates to come to an evidence-supported decision