Download - Timing and technique econ 1
![Page 1: Timing and technique econ 1](https://reader035.vdocuments.mx/reader035/viewer/2022062706/55755f34d8b42a40668b4f8d/html5/thumbnails/1.jpg)
Timing and Technique
Econ 1
![Page 2: Timing and technique econ 1](https://reader035.vdocuments.mx/reader035/viewer/2022062706/55755f34d8b42a40668b4f8d/html5/thumbnails/2.jpg)
Overview
• Econ 1 is split into 2 parts– Section A: objective Test 25 marks (25 mins)– Section B: Data Response 1 from 2 50 marks (50
mins)
– 75 marks available– 57-60 marks A grade– 67 + 100 ums– 50% AS and 25% A Level
![Page 3: Timing and technique econ 1](https://reader035.vdocuments.mx/reader035/viewer/2022062706/55755f34d8b42a40668b4f8d/html5/thumbnails/3.jpg)
Objective Test
• 1 minute per question• Read the stem carefully• Check options rule out obvious wrong answer• Annotate diagram / draw diagram / write out
equation• Choose best answer even if not sure• Make a note of number if uncertain and
return to at end if time
![Page 4: Timing and technique econ 1](https://reader035.vdocuments.mx/reader035/viewer/2022062706/55755f34d8b42a40668b4f8d/html5/thumbnails/4.jpg)
Opportunity Cost
![Page 5: Timing and technique econ 1](https://reader035.vdocuments.mx/reader035/viewer/2022062706/55755f34d8b42a40668b4f8d/html5/thumbnails/5.jpg)
Externalities
![Page 6: Timing and technique econ 1](https://reader035.vdocuments.mx/reader035/viewer/2022062706/55755f34d8b42a40668b4f8d/html5/thumbnails/6.jpg)
Externalities
![Page 7: Timing and technique econ 1](https://reader035.vdocuments.mx/reader035/viewer/2022062706/55755f34d8b42a40668b4f8d/html5/thumbnails/7.jpg)
Elasticity
![Page 8: Timing and technique econ 1](https://reader035.vdocuments.mx/reader035/viewer/2022062706/55755f34d8b42a40668b4f8d/html5/thumbnails/8.jpg)
Elasticity 2
![Page 9: Timing and technique econ 1](https://reader035.vdocuments.mx/reader035/viewer/2022062706/55755f34d8b42a40668b4f8d/html5/thumbnails/9.jpg)
Elasticity 3
![Page 10: Timing and technique econ 1](https://reader035.vdocuments.mx/reader035/viewer/2022062706/55755f34d8b42a40668b4f8d/html5/thumbnails/10.jpg)
Maths
![Page 11: Timing and technique econ 1](https://reader035.vdocuments.mx/reader035/viewer/2022062706/55755f34d8b42a40668b4f8d/html5/thumbnails/11.jpg)
Section B
• Take 5 mins• Check questions– 25 mark first– Then 12 mark– Then chart– Then definition
• Skim read Extracts and decide • Choose the easy one!?
![Page 12: Timing and technique econ 1](https://reader035.vdocuments.mx/reader035/viewer/2022062706/55755f34d8b42a40668b4f8d/html5/thumbnails/12.jpg)
Definition 5 marks 2 mins
• Clear concise language• Address each term• Give and example (within context?)• Write equation for elasticity is enough
![Page 13: Timing and technique econ 1](https://reader035.vdocuments.mx/reader035/viewer/2022062706/55755f34d8b42a40668b4f8d/html5/thumbnails/13.jpg)
Jan 2009 1
![Page 14: Timing and technique econ 1](https://reader035.vdocuments.mx/reader035/viewer/2022062706/55755f34d8b42a40668b4f8d/html5/thumbnails/14.jpg)
Jan 2009 2
![Page 15: Timing and technique econ 1](https://reader035.vdocuments.mx/reader035/viewer/2022062706/55755f34d8b42a40668b4f8d/html5/thumbnails/15.jpg)
June 2009 1
![Page 16: Timing and technique econ 1](https://reader035.vdocuments.mx/reader035/viewer/2022062706/55755f34d8b42a40668b4f8d/html5/thumbnails/16.jpg)
June 2009 2
![Page 17: Timing and technique econ 1](https://reader035.vdocuments.mx/reader035/viewer/2022062706/55755f34d8b42a40668b4f8d/html5/thumbnails/17.jpg)
Jan 2010 1
![Page 18: Timing and technique econ 1](https://reader035.vdocuments.mx/reader035/viewer/2022062706/55755f34d8b42a40668b4f8d/html5/thumbnails/18.jpg)
Jan 2010 2
![Page 19: Timing and technique econ 1](https://reader035.vdocuments.mx/reader035/viewer/2022062706/55755f34d8b42a40668b4f8d/html5/thumbnails/19.jpg)
Data
• 2 distinct and significant observations– Start point finish point trend– High point low point range– Anomalies
• Use clear time points data (accurate) and units• Use a ruler
![Page 20: Timing and technique econ 1](https://reader035.vdocuments.mx/reader035/viewer/2022062706/55755f34d8b42a40668b4f8d/html5/thumbnails/20.jpg)
Mark Scheme
![Page 21: Timing and technique econ 1](https://reader035.vdocuments.mx/reader035/viewer/2022062706/55755f34d8b42a40668b4f8d/html5/thumbnails/21.jpg)
Line Charts
![Page 22: Timing and technique econ 1](https://reader035.vdocuments.mx/reader035/viewer/2022062706/55755f34d8b42a40668b4f8d/html5/thumbnails/22.jpg)
observations
![Page 23: Timing and technique econ 1](https://reader035.vdocuments.mx/reader035/viewer/2022062706/55755f34d8b42a40668b4f8d/html5/thumbnails/23.jpg)
Bar Charts
![Page 24: Timing and technique econ 1](https://reader035.vdocuments.mx/reader035/viewer/2022062706/55755f34d8b42a40668b4f8d/html5/thumbnails/24.jpg)
![Page 25: Timing and technique econ 1](https://reader035.vdocuments.mx/reader035/viewer/2022062706/55755f34d8b42a40668b4f8d/html5/thumbnails/25.jpg)
Tables
![Page 26: Timing and technique econ 1](https://reader035.vdocuments.mx/reader035/viewer/2022062706/55755f34d8b42a40668b4f8d/html5/thumbnails/26.jpg)
![Page 27: Timing and technique econ 1](https://reader035.vdocuments.mx/reader035/viewer/2022062706/55755f34d8b42a40668b4f8d/html5/thumbnails/27.jpg)
Diagram Question
• Structure is important– Define key terms (2 marks)– Paragraph uses extract information to explain
concept or changing market influence (6 marks)– Clear diagram full labelled (4 marks)– Extension paragraph building (6 marks)
![Page 28: Timing and technique econ 1](https://reader035.vdocuments.mx/reader035/viewer/2022062706/55755f34d8b42a40668b4f8d/html5/thumbnails/28.jpg)
![Page 29: Timing and technique econ 1](https://reader035.vdocuments.mx/reader035/viewer/2022062706/55755f34d8b42a40668b4f8d/html5/thumbnails/29.jpg)
Flexible
![Page 30: Timing and technique econ 1](https://reader035.vdocuments.mx/reader035/viewer/2022062706/55755f34d8b42a40668b4f8d/html5/thumbnails/30.jpg)
Plenty of Marks around
![Page 31: Timing and technique econ 1](https://reader035.vdocuments.mx/reader035/viewer/2022062706/55755f34d8b42a40668b4f8d/html5/thumbnails/31.jpg)
![Page 32: Timing and technique econ 1](https://reader035.vdocuments.mx/reader035/viewer/2022062706/55755f34d8b42a40668b4f8d/html5/thumbnails/32.jpg)
Flexible
![Page 33: Timing and technique econ 1](https://reader035.vdocuments.mx/reader035/viewer/2022062706/55755f34d8b42a40668b4f8d/html5/thumbnails/33.jpg)
Do the basics
![Page 34: Timing and technique econ 1](https://reader035.vdocuments.mx/reader035/viewer/2022062706/55755f34d8b42a40668b4f8d/html5/thumbnails/34.jpg)
Pleanty of marks around
![Page 35: Timing and technique econ 1](https://reader035.vdocuments.mx/reader035/viewer/2022062706/55755f34d8b42a40668b4f8d/html5/thumbnails/35.jpg)
Discussion 25 marks
• Think structure– Interesting introductions– Effective issues (x2)• Identify and develop• Dynamic diagram• Validate and evaluate
– Challenging conclusions• Complements / contradictions / complexities• Government failure• Cost benefit analysis