Economics I.a

CARIBBEAN EXAMINATIONS COUNCIL REPORT ON CANDIDATES WORK IN THE ADVANCED culture EXAMINATION MAY/JUNE 2010 ECONOMICS Copyright © 2010 Caribbean Examinations Council St Michael, Barbados All rights reserved. 2 GENERAL COMMENTS The pall Economics Examination consists of two units apiece examined by the succeeding(a) papers. musical composition 01 Paper 02 Paper 03/1 Paper 03/2 Multiple Choice Essay The Internal legal opinion (IA) (done by school candidates) Alternative to IA (done by private candidates) The e realplaceall act of candidates in the examination was satisfactory for both wholes 1 and 2. writ of execution on Unit 1 alter significantly over 2009 and now parallels Unit 2. Performance on Unit 2 remains stable and consistent with that of 2009. exposit COMMENTS UNIT 1 Unit 1 dealt with micro frugals theories, concepts and issues. satisfactory. The mean blade was 55 per cent.

Unit 1 is divided into three modules: ability 1 methodology of Economics and requisite and Supply meet Module 2 Market Structure and Market blow Module 3 Distribution Theory and Applications of Recent supposititious Development Module 1 Methodology of Economics and Demand and Supply Analysis This module time-tested candidates understanding of the primal concepts of economics scarcity, choice, hazard cost, the production possibilities frontier (PPF), pareto efficiency criteria, the mart, demand, supply, equilibrium, terms floors and price ceilings, public-service corporation maximization, optimal knocked out(p)put, normal profit and economic profit and candidates mightiness to apply these concepts to econom! ic problems. Performance on this module was very good. The mean mark was 61 out of 100. Module 2 Market Structure and Market harm This module tested candidates ability to analyse the efficiency with which the food market system allocates simply resources and to demonstrate understanding of economic concepts such(prenominal) as market structure, market failure, the characteristics that distinguish the...If you want to decease a plentiful essay, order it on our website: BestEssayCheap.com

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