The national and international economy exam tips

Exam tips

• Use real-world examples

  In your answers, incorporate real-world examples of globalization to illustrate your points.

  Using examples can strengthen your argument and demonstrate your understanding of the concept in a practical context.

• Use diagrams to illustrate trade concepts

  In your answers, include diagrams such as the production possibilities frontier (PPF) to illustrate concepts like comparative advantage and trade.

  Visual aids can enhance your explanation and demonstrate your understanding of economic principles effectively.

• Always show your workings in calculations

  When calculating the current account balance, clearly show each step of your calculation.

  This helps to avoid mistakes and allows examiners to follow your reasoning, which can earn you partial credit even if the final answer is incorrect.

• Use Diagrams Where Appropriate

  In your answers, include diagrams to illustrate concepts like shifts in supply and demand for currencies.

  Diagrams can help clarify your explanations and demonstrate your understanding of the mechanisms at play.

• Use real-world examples in evaluations

  When evaluating economic policies or impacts, incorporate real-world examples to support your arguments.

  This demonstrates application of theory to practice and strengthens your evaluation by providing concrete evidence.