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Timing and Technique
Econ 1
Overview
• Econ 1 is split into 2 parts
– Section A: objective Test 25 marks (25 mins)
– Section B: Data Response 1 from 2 50 marks (50
mins)
– 75 marks available
– 57-60 marks A grade
– 67 + 100 ums
– 50% AS and 25% A Level
Objective Test
• 1 minute per question
• Read the stem carefully
• Check options rule out obvious wrong answer
• Annotate diagram / draw diagram / write out
equation
• Choose best answer even if not sure
• Make a note of number if uncertain and
return to at end if time
Opportunity Cost
Externalities
Externalities
Elasticity
Elasticity 2
Elasticity 3
Maths
Section B
• Take 5 mins
• Check questions
– 25 mark first
– Then 12 mark
– Then chart
– Then definition
• Skim read Extracts and decide
• Choose the easy one!?
Definition 5 marks 2 mins
• Clear concise language
• Address each term
• Give and example (within context?)
• Write equation for elasticity is enough
Jan 2009 1
Jan 2009 2
June 2009 1
June 2009 2
Jan 2010 1
Jan 2010 2
Data
• 2 distinct and significant observations
– Start point finish point trend
– High point low point range
– Anomalies
• Use clear time points data (accurate) and units
• Use a ruler
Mark Scheme
Line Charts
observations
Bar Charts
Tables
Diagram Question
• Structure is important
– Define key terms (2 marks)
– Paragraph uses extract information to explain
concept or changing market influence (6 marks)
– Clear diagram full labelled (4 marks)
– Extension paragraph building (6 marks)
Flexible
Plenty of Marks around
Flexible
Do the basics
Pleanty of marks around
Discussion 25 marks
• Think structure
– Interesting introductions
– Effective issues (x2)
• Identify and develop
• Dynamic diagram
• Validate and evaluate
– Challenging conclusions
• Complements / contradictions / complexities
• Government failure
• Cost benefit analysis

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Timing and technique econ 1