ANSWER GUIDE
IGCSE ECONOMICS
P2
SECTION A
Q NO.
MARKS Q. TYPE
1(a)
1 calculate
Learn calculations
1(b)
2 identify
Only knowledge
1(c)
2 Explain
1- identify
1-Explanation (how it happens)
1(d)
4 Explain two..
2- Identify
2- explanation (how it happens)
1(e)
4 Analyse/explain 1- state type of relationship (inverse/positive)
the relationship 1-give supporting evidence relating to context
( normally a table or graph)
1-find exception from context
1-Analyse the exception, (why it can happen)
1(f)
5 Analyse with
diagram
(PPC or DD
&
SS curve)
Draw diagram neatly
1-axes(price & quantity) or (two goods)
1-curve labled correctly
1-shifted correctly
1-equilibrium points
1-Analyse (write 2 or 3 sentence explaining
how its happening)
6 Discuss
. Write atleast 2 points on either side.
. Develop the points!!
. Must relate to context.
. for each point write 2 analysis points
connecting to that point. (ex:- reduced cost of
electricity will lead to lower prices which will
make electricity more affordable leading to
reduced poverty)
. you can write 3 points on any one of the
side for safety.
. do not move to another point without
analysis!
. Use economic terms as much as possible.
1(g)&(h)
GUIDANCE
SECTION B
Q NO.
MARKS Q. TYPE
GUIDANCE
(a)
2 identify
Only knowledge
(b)
4 Explain two..
2- Identify
2- explanation (how it happens)
(c)
6 Analyse
. Mark the keypoints in question and
remember the concept. (you may define if its
possible)
. Write 3 points of identification
. Include atleast two Analysis developing each
point.
. Use economic terms as much as possible.
(d)
8 Discuss
. Mark the keypoints in question and
remember the concept. (you may define if its
possible)
. write 2-3 points on each side
. Use economic terms and concepts relating
to question.
. write atleast 2 analysis on each point with
development.
. more in depth is required in 8 marks but it
doesn’t mean more knowledge points.
. make sure to develop both sides.
. write a conclusion balancing the two sides
(you can point out another decision or
outcome)
. the conclusion is the main difference
between the 6mrks discuss and 8mrks discuss
question.
How to allocate time.
➢ Total time is 135 minutes
➢ Approximately 1.5 per mark
➢ Finish section B in 1hr 20 minutes
➢ Try to finish Section A in 50 minutes ➢ For 6marks, finish in 9minutes
For 8 marks finish in 12minutes
➢ Try to leave about 5 minutes spare to check questions.
Pro tips
❖ Take 1-2 minutes to plan a little before writing essay questions.
❖ Learn definitions by heart and understand all concepts.
❖ Do the easy questions first.
❖ In Section A you can find most of the answers in the context.
❖ Keep track of time
❖ Avoid over-explaining
❖ Stay calm and focused