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The document provides strategies for effectively answering economic questions, emphasizing the importance of understanding command words and linking points back to the question. It encourages the use of specific, contextual examples and well-labeled diagrams to support arguments, while also suggesting evaluation techniques that consider time frames, elasticity, and context. Additionally, it advises on incorporating pre-learned evaluation phrases and practicing nuanced judgments to demonstrate critical thinking in essays.

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27 views2 pages

Tips

The document provides strategies for effectively answering economic questions, emphasizing the importance of understanding command words and linking points back to the question. It encourages the use of specific, contextual examples and well-labeled diagrams to support arguments, while also suggesting evaluation techniques that consider time frames, elasticity, and context. Additionally, it advises on incorporating pre-learned evaluation phrases and practicing nuanced judgments to demonstrate critical thinking in essays.

Uploaded by

a.sukaina2007
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

🔍 6.

Be Laser-Focused on the Question


●​ Dissect the command words: “Evaluate”, “Discuss”, “To what extent”, etc. mean
different things.​

●​ Constantly link your points back to the question. If it asks “to what extent is a minimum
wage beneficial?”, you must balance both pros and cons and make a judgement.​

●​ Don’t just write everything you know — be selective and relevant.​

📊 7. Use Contextual Examples Like a Pro


●​ Go beyond textbook ones. Use current data or recent economic events.​

○​ E.g. "The UK's use of expansionary fiscal policy in 2020..."​

○​ Or "The UAE’s investment in renewable energy through subsidies..."​

●​ One strong, specific example is more powerful than 3 vague ones.​

📈 8. Diagrams with Explanation


●​ Label everything: axes, curves, shifts, equilibrium points.​

●​ Explain what the diagram shows: What shifts, why, and what happens to
price/output/unemployment etc.​

●​ Bonus: Link diagram effects to real-world outcomes (e.g. inequality, inflation).​

🧠 9. Evaluation Hacks
Always try to include:

●​ Time frame: “In the short run, this may cause... but long-term effects differ.”​
●​ Elasticity: “The impact depends on the PED/PES of the good...”​

●​ Size/magnitude: “A small subsidy might not change producer behaviour significantly.”​

●​ Context: “In a developing country, the outcome might differ due to weaker institutions…”​

📋 10. Pre-learn Evaluation Phrases


Build a “cheat sheet” of phrases to drop into essays:

●​ “This policy is effective only if...”​

●​ “However, the law of unintended consequences may apply...”​

●​ “This assumes rational consumer behaviour, which may not hold true in reality.”​

🧪 11. Practice Realistic Judgements


Examiners love essays that avoid black-and-white conclusions:

●​ “While X policy reduces unemployment, its inflationary pressures may outweigh the
benefits in a demand-driven economy.”​

●​ Show you're thinking like a policymaker — weighing trade-offs.

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