Tackling Multiple Choice Questions
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