General Structure for Paper 2 Questions

1. Read the Question Carefully

• Underline key terms, concepts, and instructions like "explain," "evaluate," or "draw."
• Pay attention to the context provided in the stimulus material.

2. Answer Each Subpart in a Separate Section

Label each part of your answer clearly: (a), (b), (c), (d). Follow the specific requirements for each command term.

Structure for Each Subpart

(a) Definition or Short Explanation

• Define Key Terms: Start with clear definitions of economic terms or concepts mentioned in the question. E.g., Define "tariff" as a tax imposed on imported goods to protect domestic industries or generate revenue.
• Write 1-2 concise sentences.

(b) Application/Explanation

• Use Data or Context: Refer directly to the stimulus material, quoting specific figures or details. E.g., “According to the data, country X increased its exports by 15% after the removal of tariffs.”
• Explain with Theory: Use relevant economic theory to explain what is happening in the context. E.g., “The removal of tariffs allows for lower import prices, increasing consumer surplus and overall economic efficiency.”
• Write 2-3 well-organized paragraphs.

(c) Analysis with Diagram

• Draw and Label a Diagram: Include a relevant diagram, such as a tariff diagram, AD-AS model, or exchange rate graph.
  • Label axes, curves, equilibrium points, and any shifts.
  • Neatness counts—use a ruler for straight lines.
• Explain the Diagram:
  • Describe what it shows.
  • Explain any shifts or changes and link them to the context. E.g., "The imposition of a tariff shifts the supply curve upward, reducing imports and increasing domestic production."
• Provide a Step-by-Step Analysis: Explain cause and effect using economic theory.
• Link back to the context or data.

(d) Evaluation