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Questions on economic concepts

In this regular column, Peter Smith offers some guidance on tackling examination questions in economics

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Welcome to Question and answer. In this regular column, I offer advice on how to prepare for the AS and A2 economics examinations. The objective of examinations in economics is not only to test your knowledge and understanding of the subject, although of course that is important. It is also to give you the opportunity to show that you can apply economic analysis to particular real-world situations. The ability to apply economics in this way is an important skill that will stand you in good stead after you have finished your course — as well as helping with your exams.

In order to be able to test this sort of skill, the examiners need to put you in a situation in which you need to think about how to apply economics. This is achieved by setting you questions that are based around a particular theme or case study. These questions are likely to include some short-answer questions and some data-interpretation questions. You will also have to answer a question that requires you to provide an answer written in extended continuous prose.

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The road ahead: who should pay for the external costs of motoring?

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Working informally: exclusion or choice?

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