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Supported MC Questions for EdExcel Unit 1 Economics
9th May 2012
Some advice on answering these questions
(i) There is one mark for selecting the correct option
(ii) There are three marks for explanation
(iii) It is possible to achieve 3 explanation marks even if the incorrect option has been selected
General advice on good ways to get the three extra marks
1/ Define key terms throughout
2/ Consider the key concept or model that lies behind the question
3/ Apply the information provided e.g. the effects of a tax or a subsidy on a market
4/ Annotate the diagrams provided in the question paper e.g. shading in or labelling areas of consumer & producer surplus, spending on a subsidy or agency spending on a buffer stock
5/ Be prepared to calculate percentages and show your workings, including a relevant formula
6/ Reject one or more of the options – remember to explain why you have rejected them
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.