Econ 20 marker practice plans

Key to 20 marker structure:

K - 4

Ap - 4

An - 6

E - 6

Write 3 paragraphs with depth of evaluation and analysis and make a judgement at the end that answers the question.

  • 1st paragraph:

    • the benefit of first option

      • point

      • application

      • analysis

      • (3 to 5 chains of analysis)

    • the drawback of first option

      • point

      • application

      • analysis

      • (3 to 5 chains of analysis)

  • 2nd paragraph:

    • the benefit of second option

      • point

      • application

      • analysis

      • (3 to 5 chains of analysis)

    • the drawbakc of the second option

      • point

      • application

      • analysis

      • (3 to 5 chains of analysis)

  • evaluation

    • in conclusion, i choose /insert option chosen/ because

      • different point

      • application

      • analysis

      • (3 chains)

      • HOWEVER

      • different counterpoint

Examples:

(f) Some economists suggest that the market price of cod does not result in the socially optimum level of output. Evaluate the likely external costs from the over-fishing of cod. Use an appropiate diagram in your answer (20 marks)

Definiton = what is social optimum level of output

  • one external cost of over-fishing the cod

  • use the extracts

  • refer to social optimum level of output

  • NEGATIVE EXTERNALITIES diagram

  • analyse the external cost (chains)

  • refer to the diagram

  • how can the negative externality also correlate to be positive

  • ANALYSIS

  • another external cost of over-fishing cod

  • use the extracts

  • refer to the social optimum level of output

  • use the negative externalties diagram REFER

  • analyse the external cost (chains)

  • how can the negative externality also correlate to be positive

  • ANALYSIS

  • in conclusion,

  • which option is better? Why? (use a different reason)

  • refer to extracts or diagram

  • analyse the point (chains)

  • HOWEVER, this depends on

  • analyse that however (chains)

(f) Evaluate the possible advantages of a free market approach to providing services such as education. (20 marks)

definition = what is a free market? when resources(factors of production) are in the hands of the producers

  • one advantage of a free market

    • relate it to education

  • use the extracts

  • analyse the advantage (chains)

  • however, the disadvantage is…

  • analyse the however (chains)

  • another advantage of a free market

  • use the extracts

  • analyse the advantage (chains)

  • however, the disadvantage is…

  • analyse the however (chains)

  • in conclusion,

  • which option is better? why? (use a different reason)

  • analyse the point (chains)

  • refer to extract

  • HOWEVER , this depends on

  • analyse the however (chains)

(g) Evaluate whether goverment intervention is able to correct market failure in education (20 marks)