Below is a macroeconomic 12 mark essay I did (without time constraints) and received full marks.
Pleas understand this is my work and I would appreciate that you do not exploit it by claiming it is your work.
I have been asked to share some of my tips for writing data response economic questions. I hope this helps! 🙂
1) Know how many mark question they are e.g. I know in my Jan exam for the Data response there are 4 question and the marks they hold (4, 12, 8 and 16 marks)
2) Know how the marks are split e.g. in unit three except for the 4 mark one they tend to be 50% analysis and 50% evaluation.
3) Know how to split that further so if evaluation is worth 6 marks know that you can discuss two factors worth 3 marks each or 3 factors worth 2 marks each.
4) Once you know this all you need to do is write down you points whether analysis or evaluation to marks you allocated above.
5) It is good to know this structure off by heart, memorise it and use it for planning big questions in exams
6) In terms of analysis, you are defining key terms, applying economic theories such as theory of PED to the question and drawing diagrams.
7) In evaluation all you are doing is saying whether this is different in the long-run, is this an actual realistic thing, other factors that affect what you said in evaluation, ceteris paribus (is it assumed that all factors are equal), prioritising and justifying points, if for example you are talking at tax or subsidy then you can discuss that it depends on the size of the tax for the effects to happen etc.
Benefits of Economic Growth
Below is a macroeconomic 30 mark essay I did (without time constraints) and received full marks.
Please understand this is my work and I would appreciate that you do not exploit it by claiming it is your work.
My experience with 30 mark questions
This is a advice sheet for writing essays which was given to me. Please keep in mind this is not my content.
UNIT 2 EXAM TECHNIQUE
There will be a 30 mark question on each Unit 2 exam paper.
30 mark questions have two main components: 18 marks for analysis and a further 12 marks for evaluation.
Tips on how to construct an answer to a 30 mark question are detailed below.
You are expected to write one to two sides of A4 for your answer.
Analysis (18 marks)
- Define any key terms/policy/policies
- AS/AD Diagram + explanation
- Further analysis could include:
- Explanation of how policy/polices work to achieve their aim (answer the question set).
- Explain the effect on the government’s macroeconomic objectives
- Discuss any multiplier effects – you should illustrate this on a diagram
- Discuss any long-term supply-side effects – again, you could draw a diagram to illustrate
- Discuss any current affairs knowledge you may have to back up your point
Evaluation (12 marks)
3 – 4 evaluation points – could include discussion of:
- Time lags – i.e. impact of policy/scenario may take time to feed through into the wider economy
- How the policy is funded – any opportunity costs involved
- Short-term versus long-term effects
- Comparison with other economic policies
- Any negative effects of the policy (economic or social) & impacts on other markets
- Is there an impact on inequality? – i.e. who is made better off/worse off?
- Impact of the policy depends on the elasticity of the AS curve and the initial and new equilibrium point
- Depends on ceteris paribus – all other things being equal in the economy – e.g. a major recession in the USA will affect the UK and the impact of the policy under discussion
- Full impact depends on the size of the multiplier
- Conflicts between macroeconomic objectives