Course

Course Summary

Credit Type:

Exam

ACE ID:

CAIE-0023

Organization's ID:

Economics 9708

Organization:

Cambridge Assessment International Education

Location:

Internationally

Length:

3 hours AS Level; 3 hours 15 minutes A Level

Dates Offered:

Credit Recommendation & Competencies

Level	Credits (SH)	Subject
Lower-Division Baccalaureate	3	Macroeconomics
Lower-Division Baccalaureate	3	Microeconomics

Credit is recommended for candidates scoring "E" and above. This exhibit is being recommended for a total of six semester hours in the lower-division. For those students completing the AS level exam only, three semester hours in Macroeconomics is recommended. For students also completing the A level exam, an additional three semester hours in Microeconomics is recommended.

Description

Objective:

The AS Economics examination consists of two Papers. Paper 1 is a one-hour multiple-choice assessment covering content in basic economic ideas and resource allocation, the price system and the microeconomy, government microeconomic intervention, the macroeconomy, government macroeconomic intervention, and international economic issues. Paper 2 is a two-hour, multi-part assessment requiring a data response question, an essay focusing primarily on microeconomics, and an essay focusing primarily on macroeconomics.

At the A Level, there are two additional Papers. Paper 3 is a multiple-choice assessment covering content similar to that at the AS Level, but at a higher level of demand, over 1 hour and 15 minutes. Paper 4 is a two-hour, multi-part assessment requiring a data response question, an essay focusing primarily on microeconomics, and an essay focusing primarily on macroeconomics. Knowledge of material at the AS Level is assumed for both Papers 3 & 4.

Marks from Papers 1 & 2 are carried forward and combined with Papers 3 & 4 to comprise the complete A Level.

Skills Measured:

The assessment objectives (AOs) are as follows:
1) Knowledge and understanding
• Show knowledge of syllabus content, recalling facts, formulae and definitions.
• Demonstrate understanding of syllabus content, giving appropriate explanations and examples.
• Apply knowledge and understanding to economic information using written, numerical and diagrammatic forms.

2) Analysis
• Examine economic issues and relationships, using relevant economic concepts, theories and information.
• Select, interpret and organise economic information in written, numerical and diagrammatic form.
• Use economic information to recognise patterns, relationships, causes and effects.
• Explain the impacts and consequences of changes in economic variables.

3) Evaluation
• Recognise assumptions and limitations of economic information and models.
• Assess economic information and the strengths and weaknesses of arguments.
• Recognise that some economic decisions involve consideration of factors such as priorities and value judgements.
• Communicate reasoned judgements, conclusions and decisions, based on the arguments.

Instruction & Assessment