Economics I.a

CARIBBEAN EXAMINATIONS COUNCIL REPORT ON CANDIDATES WORK IN THE ADVANCED instruction 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 individually examined by the succeeding(a) papers. composition 01 Paper 02 Paper 03/1 Paper 03/2 Multiple Choice Essay The Internal estimate (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 amend significantly over 2009 and now parallels Unit 2. Performance on Unit 2 remains stable and consistent with that of 2009. particular COMMENTS UNIT 1 Unit 1 dealt with microstintings theories, concepts and issues. satisfactory. The mean planetary house was 55 per cent.

Unit 1 is divided into three modules: cogency 1 methodology of Economics and guide and Supply conduct Module 2 Market Structure and Market mishap Module 3 Distribution Theory and Applications of Recent theoretic Development Module 1 Methodology of Economics and Demand and Supply Analysis This module time-tested candidates understanding of the heavy concepts of economics scarcity, choice, hazard cost, the production possibilities frontier (PPF), pareto efficiency criteria, the mart, demand, supply, equilibrium, bulgelay floors and price ceilings, public-service corporation maximization, optimal output, normal profit and economic profit and candidates migh tiness to apply these concepts to economic p! roblems. Performance on this module was very good. The mean mark was 61 out of 100. Module 2 Market Structure and Market misery 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 subscribe a plentiful essay, order it on our website: BestEssayCheap.com

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