As business and economics help

[student92]

As salam alikum
Could anyone guide me on how to answer the section b, essay questions.
I mean how many points do you have to write, for both 12 and 8 marks, any tips etc
Thankyou very much

 

[hassan.............]

tell me the tips to answer section B in paper 1???

 

[student92]

yes p1 of business studies and p2 of economics

 

[Esme]

In section B of economics p2:
in your 8 mark answer first explain the main topic asked in the question Make sure you tell the examiner you know the concepts clearly. (for example explain market failure n how it occurs if the question is realed to it). then explain at leat 4 to 5 points in detail about the topic. It is easy to write a lot in the 8 mark ans but make make sure you do not write alot cuz then u'l go for the over-kill. you'l get this answer right but there wont be any time left for the 12 mark ans. so time management is another important factor .
The 12 mark answer usually asks to discuss or evaluae an argument. Basically you need no mention the advantages n drawbacks of watever is asked in the question (for example of government intervention) mention both aspects of the topic the good points n the negative points as this shows that you hav complete knowledge. In the end, evalute your answer that is yes this should be done or no it shouldnt be done (give strong points to backup your argument).
Itt is important that you mange your time properly and for that you'l hav to practice as much as you can.
hope this was helpful. =D
i can send yu sum of the nas i hav written if you want them.

Also include diagrams wherever possible as this can earn you marks.

 

[Paradoxical]

In section B of economics p2:
in your 8 mark answer first explain the main topic asked in the question Make sure you tell the examiner you know the concepts clearly. (for example explain market failure n how it occurs if the question is realed to it). then explain at leat 4 to 5 points in detail about the topic. It is easy to write a lot in the 8 mark ans but make make sure you do not write alot cuz then u'l go for the over-kill. you'l get this answer right but there wont be any time left for the 12 mark ans. so time management is another important factor .
The 12 mark answer usually asks to discuss or evaluae an argument. Basically you need no mention the advantages n drawbacks of watever is asked in the question (for example of government intervention) mention both aspects of the topic the good points n the negative points as this shows that you hav complete knowledge. In the end, evalute your answer that is yes this should be done or no it shouldnt be done (give strong points to backup your argument).
Itt is important that you mange your time properly and for that you'l hav to practice as much as you can.
hope this was helpful. =D
i can send yu sum of the nas i hav written if you want them.

Also include diagrams wherever possible as this can earn you marks.

Could you please send them to me?

 

[student92]

Thankyou, please send them to me aswell

 

[student92]

How many points do you advise to write for 12 marks,
I
According to me the break up of marks shouls be as follows
2 marks for the final evaluation
Rest 10 marks
1 mark for knowledge, 1 mark for explanation, 1 mark for analysis, so 1 point is worth 3 marks then, so a 12 marks question should have a syarting intro paragrah, then 3 points and a conclusion, with evaluation
Correct me if I am wrong
Thankyou for your help, wish you best of luck for your exams,

 

[Esme]

How many points do you advise to write for 12 marks,
I
According to me the break up of marks shouls be as follows
2 marks for the final evaluation
Rest 10 marks
1 mark for knowledge, 1 mark for explanation, 1 mark for analysis, so 1 point is worth 3 marks then, so a 12 marks question should have a syarting intro paragrah, then 3 points and a conclusion, with evaluation
Correct me if I am wrong
Thankyou for your help, wish you best of luck for your exams,

My pleasure ! =)
yep you are pretty much correct. but i think you can write more than 3 points to be on the safer side.
n im kinda busy right now so as soon as i get time i'l scan them n send them.

 

[Esme]

Could you please send them to me?

yes sure. soon as i get time .

 

[student92]

Thankyou, I highly appreciate your help

 

[mrgreedywolf]

Asalam-o-Alikum to all,

Can anyone please make a diagram for this question along with some explanations.
I don't know how to show the "no effect at prices below on 20 000 " on a diagram or is it just for an explanation ?

Also provide some tips for attempting data response question.
I cant seem to get more then 22/40


Economics AS level
paper 9708/21/o/n/11

http://www.xtremepapers.com/papers/CIE/Cambridge International A and AS Level/Economics (9708)/9708_w11_qp_21.pdf

Section A
Question 1
Part C

Marking Scheme :-
No effect at prices below $20 000 Reserve 1 mark (1), acts as an additional cost (1) reduced
supply (1) diagram: show shift to left (1) (above $20 000) will diverge by an increasing
absolute amount (1)

 

[student92]

waalikum as salam
hope this helps you,
extract from er
As above, some candidates muddled supply and demand and a small number failed to include a
diagram, even though this was clearly specified in the question. Most candidates recognised that
there would be a fall in supply and included a diagram with a supply curve shifting to the left.
Disappointingly, only a small number showed the supply curves diverging indicating an ad valorem
tax. No candidates drew the curves to show that this tax only applied to goods costing over
$20 000.

 

[mrgreedywolf]

Ca

waalikum as salam
hope this helps you,
extract from er
As above, some candidates muddled supply and demand and a small number failed to include a
diagram, even though this was clearly specified in the question. Most candidates recognised that
there would be a fall in supply and included a diagram with a supply curve shifting to the left.
Disappointingly, only a small number showed the supply curves diverging indicating an ad valorem
tax. No candidates drew the curves to show that this tax only applied to goods costing over
$20 000.

Thank you so much.

Can you please provide me with the examiner report ?

 

[student92]

yes sure

 

[student92]

do you want er for business st and accounts as well?

 

[mrgreedywolf]

Yes please, by the way where did you get them from ? Extremepapers.net don't have them yet.

 

[student92]

i got these from some xtremepapers forum, dont remember exactly which one