Exam-style question
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Explain how AQA Economics assessment objectives affects resource allocation, welfare or macroeconomic performance. Include evaluation in your answer. (1).
Model answer
What a good answer should say
- AO4 Evaluate Economic Arguments and use Evidence EXAM-STYLE 1: a strong response defines the relevant economic concept, applies it to the stated context, develops a cause-and-effect chain, and reaches a judgement about AO1 accuracy, AO2 application, AO3 analysis and AO4 evaluation.
Explanation
Why this works
AO4 Evaluate Economic Arguments and use Evidence is assessed through the prompt: "Explain how AQA Economics assessment objectives affects resource allocation, welfare or macroeconomic performance.". Begin with a precise definition of Evaluate Economic Arguments and use Evidence, then apply it to Assessment objectives using the context rather than a memorised paragraph.
The analysis should move through at least three steps: the initial cause, the transmission mechanism, and the economic consequence for AO1 accuracy, AO2 application, AO3 analysis and AO4 evaluation. Evaluation should consider whether the result depends on elasticities, confidence, spare capacity, market power, data quality, the size of the intervention, or the time period.
A high-quality AQA answer finishes with a judgement that weighs the strongest argument against the most important limitation, not a generic "it depends" sentence.
Common mistake
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