GRADE 11 REVISION SHEET November 2015 EXAM INFORMATION: o 2 x 1½ HOUR EXAMS o 100 MARKS EACH PAPER EXAM CONTENT: Paper 1: Macroeconomics o Measuring the performance of the South African Economy (Mohr: Chapter 2; Roux: Chapters 2 and 8; intranet resources and class notes) o Macroeconomic theory and policy (Mohr: Chapter 7; Roux: Chapters 7 and 10; intranet resources and class notes) o Inflation (Mohr: Chapter 8; Roux: Chapter 5; intranet resources and class notes) Paper 2: Microeconomics o Theory of the Firm (Mohr: Chapters 8, 9, 10; intranet resources and class notes) o The Labour market (Mohr: Chapter 11; intranet resources and class notes) EXAM DETAIL: Each exam paper will consist of 3 sections: Section A: COMPULSORY Ten multiple choice questions: (10 x 2 marks = 20) Section B: TWO COMPULSORY 20 mark questions Question structure: True/False; List etc Data response: Study the following graph/cartoon/table/text, etc. and answer the questions that follow: Direct question Paper 1: Macroeconomics Question 2: Measuring the performance of the South African Economy Question 3: Macroeconomic theory and policy and Inflation Paper 2: Microeconomics Question 2: Theory of the Firm Question 3: The Labour Market (4) (10) (6) Section C: ONE essay question from a choice of two Your answer will be assessed as follows: STRUCTURE OF THE ESSAY: Introduction (any relevant definition) Body: Main part: Discuss in detail/In-depth discussion/Examine/ Critically discuss/Analyse/Compare/Evaluate/Distinguish/ Explain/Assess/Debate Additional part: Give own opinion/Critically discuss/Evaluate/ Critically evaluate/Draw a graph and explain/Use the graph given and explain/Complete the given graph/Calculate/Deduce/ Compare/Explain/Distinguish/Interpret/Briefly debate Conclusion (Any relevant conclusion) (40) MARK ALLOCATION: Max. 2 TOTAL Paper 1: Macroeconomics Question 4: Measuring the performance of the South African Economy Question 5: Macroeconomic theory and policy and Inflation Paper 2: Microeconomics Question 4: Theory of the Firm Question 5: The Labour Market Max. 26 Max. 10 Max. 2 40