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IGCSE Economics · Paper 2Marked · 16 / 23
ImprovementStrengthWeakness

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Strong analysis on Q3. In Q4 you identified the benefit but didn’t weigh it against the risks — add a judgement to reach the top band.

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IGCSE EconomicsCo-ordinated SciencesFirst Language EnglishMathematicsBusiness StudiesPhysicsChemistryBiologyComputer ScienceGeographyHistoryAccountingIGCSE EconomicsCo-ordinated SciencesFirst Language EnglishMathematicsBusiness StudiesPhysicsChemistryBiologyComputer ScienceGeographyHistoryAccounting
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IGCSE Economics · Q4 · [6 marks]

Discuss whether a firm should expand abroad.

“Expanding abroad increases sales and profit because the firm reaches new customers and can grow faster…”

Generic chatbotguessing

≈ 5 / 6

“Looks strong — nice points about profit and growth. I’d give it around 5.”

Not calibrated to your board
GradeGenieAlmost

3 / 6

Benefit identified, but no judgement weighing the risks — the mark scheme needs a supported decision to reach the top band.

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“A minimum wage may reduce employment if firms cannot afford the higher wage bill, leading to…”

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Good start — now develop the chain of analysis and add a supported judgement.

💬Examiner feedback
4/5

Great work!

Accurate marks

Notes

  • Clear definitionAccurate use of key terms.
  • Use of evidenceRelevant example, needs more depth.
  • AnalysisExplain the ‘so what’ of each point.
Highlights & annotations

Assessment objectives

  • AO1 · Knowledge8/10
  • AO2 · Application6/10
  • AO3 · Analysis5/10
  • AO4 · Evaluation3/5

Feedback

  • Defined the key term correctly.
  • Applied it to the context given.
  • !Analysis stops one step short.
  • No judgement — add a conclusion.
Step-by-step breakdown

Mark scheme

Explain one benefit of division of labour. [2]

Award 1 mark for identification (e.g. higher output), +1 for development (workers specialise and become faster).

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Question 1Paper 2Section BHigherLevel 8/8
✎ Answer

A government introduces a subsidy on public transport.

(a)Define the term ‘subsidy’.

[2]

(b)Analyse how the subsidy affects the market for public transport.

[6]
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1 / 4
The Basic Economic Problem

Opportunity cost

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