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How much do I need to write for the long answer questions/essays at the end of the paper?

For the long answer questions or 25 markers students should write 2 strong paragraphs with extensive analysis and complete and informed evaluation. On top of this to gain the best marks or to guarantee a goo...
Answered by • Economics tutor
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What are the different types of price discrimination?

First degree discrimination is charging the maximum amount that the consumer is willing to pay for a product. An example for this is auction. Second degree discrimination involves charging different prices d...
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Answered by Lucía T. • Economics tutor
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With over 12.7 million mobile phone contracts being offered in the UK, is it possible for a consumer to make a rational decision when selecting a mobile phone tariff?

It is extremely unlikely that a consumer would be able to make a rational choice when selecting a mobile phone tariff due to the cognitive limitations of the human brain. As there are such a large number of ...
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Answered by Sam C. • Economics tutor
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Which is preferable inflation of deflation? (25 marker)

The key to getting into the top band of the mark scheme for 25 markers is to show sustained evaluation throughout the response.A very useful formula for answering these sorts of questions is to start with so...
Answered by • Economics tutor
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How would you structure a 25 mark essay question? For example if the question was " how will an increase in interest rates affect the rental market?"

First in a 25 mark essay, you would generally in your introduction, want to sign post your stance, arguments and concluson very clearly, making it easy for the examiner to follow. I will now do a "skele...
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Answered by Sean T. • Economics tutor
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