This document provides guidance on answering exam questions in economics. It breaks down exam questions into different styles, such as identify and explain, make a judgement between two choices, and assess the effect of a policy change. For each style, it provides details on what a high-level answer should include, such as making a judgement, explaining reasons and consequences, and coming to a balanced conclusion. The goal is to help students structure their exam responses to earn higher marks.

1. Mock Exam Tekkers

2. Reduce Lower interest
taxation rates
3 linkages 3 linkages
Increased economic Increased economic
activity activity
However….. However…..
Ch 9 Ch 9

3. Qn 4d May 2012 paper
Level 1 Simple judgement
(1-2) simple supporting statement
Level 2 Judgement on one or both
(3-4) one reason / cause / consequence
Links to economic activity
Level 3 Judgement on one or both
(5-6) Two reasons / causes / consequences
Some balance
Links to economic activity
Conclusion linked to above
HO : Govt policy sample answers

4. Increase Ethical
productivity suppliers
3 linkages 3 linkages
Improve business Improve business
success success
However….. However…..

5. Jun 2011 – qn 11 (last question)

6. Level 1 Simple judgement
(1-4) simple supporting statement
Level 2 Judgement on one or both
(5-7) one reason / cause / consequence
Links to CSR
Level 3 Judgement on one or both
(8-10) Two reasons / causes / consequences
Some balance
Pros / cons & costs / benefits & it
depends
Links to CSR
Conclusion linked to above

7. Exam Question Styles
• Identify & explain - identify is the
key term – explain is three linkages,
linking to the context of the
business e.g. identify and explain
two different stakeholders and
explain how they would be
affected by HMV closing its stores

8. Exam Question Styles
• Which of these 2 is most likely… & justify
• Make a judgement
• Choice you made – linkages (causes /
consequences) ; pros & cons
• Discarded choice – linkages (causes /
consequences) ; pros and cons
• Conclusion – compare the two ; it depends ;
judgement and justifcation
• e.g. two ways the government could
improve living standards is to increase
spending on education or reduce taxation

9. Exam Question Styles
• Assess / Evaluate the effect on……
• Make a judgement
• Explanation of why it will lead to……
• Explanation of why it might not lead to….
• Conclusion – compare the two ; it depends ;
judgement and justifcation
• e.g. assess the effect of a fall in income tax
on economic activity

10. Exam Question Styles
• Assess / Evaluate the effect on……
• Make a judgement
• Explanation of why it will lead to……
• Explanation of why it might not lead to….
• Conclusion – compare the two ; it depends ;
judgement and justifcation
• e.g. assess the effect of a fall in income tax
on economic activity