1
Q
What are the Key components of a 1 mark questions?
A
Identify
Knowledge x 1 (single definition or statement)
2
Q
What are Key components of a 3-5 mark question?
A
Explain
Knowledge, Application x 2, Analysis x 2, (point made, applied and chains of reasoning demonstrated)
3
Q
What are the Key components of a 4 mark question?
A
Calculate
Knowledge x 2, Application x 2.
4
Q
What are the Key components of a 8 Mark question?
A
Examine
Knowledge, Application, Analysis, Counter Argue x 2
Microecon y1
flashcards
Decks in class (23)
# Cards
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Exam technique4
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1.1.1 - Economics as a social science6
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1.1.2 - Positive and Normative statements4
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1.1.3 - Economic Problem9
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1.1.4 - Production possibility frontiers10
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1.1.5 - Specialisation and division of labour19
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1.1.6 - Free market economies, mixed economy and command economy19
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1.2.1 - Rational decision making1
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1.2.2 - Demand13
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1.2.3 - Price, income and cross elasticities of demand33
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1.2.4 - Supply6
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1.2.5 - Elasticity of supply9
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1.2.6 - Price determination7
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1.2.7 - Price Mechanism6
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1.2.8 - Consumer and Producer surplus5
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1.2.9 - Indirect taxes and subsidies13
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1.2.10 - Alternative views of consumer behaviour5
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1.3.1 - Types of market failure3
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1.3.2 - Externalities16
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1.3.3 - Public goods8
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1.3.4 - Information gaps9
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1.4.1 - Government intervention in markets24
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1.4.2 - Government failure6
