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Comments
The candidate:
provides precise definitions and explanations of economics terms, and applies economic concepts
accurately and comprehensively, such as with the definition of free good and public good in Question 1 (a),
types of production in Question (2a), function of price in question 4(a) and types of expansion in Question 9(b).
integrates economic terms, concepts, relationships and theory comprehensively and coherently, such as
with how the increase in quota reduces the deadweight loss in Question 3, how the GDP and GNP are related in
Question 10(a) and the contracts and their advantages in Question 10 (b).
provides a logically consistent and comprehensive analysis of a wide range of economic issues, government
policies and their impacts, such as by successfully analyzing external economies of scale in Question (2b), the
unemployment rate in question 5, labour mobility in Question 10(c), and the relationship of direct tax revenue
and GDP in Question 11.
demonstrates informed judgment and a comprehensive evaluation of arguments, proposals and policies
from a wide range of perspectives, such as on the effect of equality and aggregate output of different
government policies in Question 8, the tobacco tax in Question 11 and the effect on the reduction in tourist
numbers in Question 12.
applies mathematical and graphical tools accurately and comprehensively in economic analysis, such as
with the diagram in Question 3 (a), Question 11(d) and Question 14, and the calculations in Question 6 and
Question 7 (b).
uses precise economic vocabulary and illustrative examples extensively in a well-structured manner in the
exposition of economic issues and government policies in communication with people. The overall use of
language and presentation is precise and reader-friendly.
