JC H2 Economics case study Predictions 2013
* A question mainly on Micro Econs, or even one that is deliberately a mixture of both Micro and Macro, to blur the distinction. This is done so that the subsequent 8-mark and/or 10-mark can prove to be tougher than usual.
* A simple trend analysis question to secure your 2 to 3 marks. Just make sure you avoid the 2 common traps – terminology, and rates vs figures.
* One type on identifying and/or explaining the relationship or even causality of two or more seemingly unrelated data values or economic variables. Such values may involve consumer incomes, price of valuable commodities such as oil, palladium, platinum, coal, etc. It may also include quantity of goods and services such as banking, telecommunications, primary products or crops sch as wheat, corn etc. Finally, maybe on expenditure such as education expenses, innovation or R&D expenditure, etc.
Increasingly popular, IMHO.
* Highly probably to identify and explain market failure in extracts, likely externalities, or even market structures and market power, or the more subtle income inequality issue.
* As usual, be prepared for the dreadful Macro Econs question in this section, that may not be obviously Macroeconomics! A trick to be overcome, at all costs.
Example: a link of pollution (Market Failure) to SOL (standard of living, non-material aspects)
Example: housing (Market Failure) linked to economic growth and/or SOL
Whichever is the question type, ensure you have your balanced answer ready, in terms of your thesis and anti-thesis treatment.
Update (Dec 2013): The above predictions matches the H2 Econs Case Study paper set by RIJC the closest. Hooray, Rafflesians! Also, to Econs pupils from RVHS, MJC and IJC, whose H2 Paper 1 match close to our predictions too.
If you would like to learn quickly how to tackle the cross-topics H.O.T. questions, kindly register for trial lesson here now.
