Mark Scheme H460/03 Themes In Economics June 2017
GCEEconomicsUnit H460/03: Themes in EconomicsAdvanced GCEMark Scheme for June 2017Oxford Cambridge and RSA Examinations
H460/03Mark SchemeOCR (Oxford Cambridge and RSA) is a leading UK awarding body, providing a wide range ofqualifications to meet the needs of candidates of all ages and abilities. OCR qualificationsinclude AS/A Levels, Diplomas, GCSEs, Cambridge Nationals, Cambridge Technicals,Functional Skills, Key Skills, Entry Level qualifications, NVQs and vocational qualifications inareas such as IT, business, languages, teaching/training, administration and secretarial skills.It is also responsible for developing new specifications to meet national requirements and theneeds of students and teachers. OCR is a not-for-profit organisation; any surplus made isinvested back into the establishment to help towards the development of qualifications andsupport, which keep pace with the changing needs of today’s society.This mark scheme is published as an aid to teachers and students, to indicate the requirementsof the examination. It shows the basis on which marks were awarded by examiners. It does notindicate the details of the discussions which took place at an examiners’ meeting before markingcommenced.All examiners are instructed that alternative correct answers and unexpected approaches incandidates’ scripts must be given marks that fairly reflect the relevant knowledge and skillsdemonstrated.Mark schemes should be read in conjunction with the published question papers and the reporton the examination.OCR will not enter into any discussion or correspondence in connection with this mark scheme. OCR 2017
H460/03Mark SchemeAnnotationsAnnotation MeaningBlank Page – this annotation must be used on all blank pages within an answer booklet (structured orunstructured) and on each page of an additional object where there is no candidate response.Tick – used on all non-level marked questions and placed where each mark is awardedCrossBenefit of doubtAO1 & AO2 – Knowledge, Understanding & ApplicationAO3 - AnalysisAO4 - EvaluationOmissionNot answered questionNoted but no credit givenToo vague3June 2017
H460/03Mark SchemeJune 2017Subject–specific Marking InstructionsINTRODUCTIONYour first task as an Examiner is to become thoroughly familiar with the material on which the examination depends. This material includes: the specification, especially the assessment objectives the question paper and its rubrics the mark scheme.You should ensure that you have copies of these materials.You should ensure also that you are familiar with the administrative procedures related to the marking process. These are set out in the OCRbooklet Instructions for Examiners. If you are examining for the first time, please read carefully Appendix 5 Introduction to Script Marking:Notes for New Examiners.Please ask for help or guidance whenever you need it. Your first point of contact is your Team Leader.USING THE MARK SCHEMEPlease study this Mark Scheme carefully. The Mark Scheme is an integral part of the process that begins with the setting of the question paper andends with the awarding of grades. Question papers and Mark Schemes are developed in association with each other so that issues ofdifferentiation and positive achievement can be addressed from the very start.This Mark Scheme is a working document; it is not exhaustive; it does not provide ‘correct’ answers. The Mark Scheme can only provide ‘bestguesses’ about how the question will work out, and it is subject to revision after we have looked at a wide range of scripts.The Examiners’ Standardisation Meeting will ensure that the Mark Scheme covers the range of candidates’ responses to the questions, and that allExaminers understand and apply the Mark Scheme in the same way. The Mark Scheme will be discussed and amended at the meeting, andadministrative procedures will be confirmed. Co–ordination scripts will be issued at the meeting to exemplify aspects of candidates’ responses andachievements; the co–ordination scripts then become part of this Mark Scheme.Before the Standardisation Meeting, you should read and mark in pencil a number of scripts, in order to gain an impression of the range ofresponses and achievement that may be expected.4
H460/03Mark SchemeJune 2017In your marking, you will encounter valid responses which are not covered by the Mark Scheme: these responses must be credited. You willencounter answers which fall outside the ‘target range’ of Bands for the paper which you are marking. Please mark these answers according to themarking criteria.Please read carefully all the scripts in your allocation and make every effort to look positively for achievement throughout the ability range. Alwaysbe prepared to use the full range of marks.Levels ofresponse /LeveldescriptorsKnowledge andunderstanding/ApplicationStrongGoodPrecision in the use of theterms in the question andapplied in a focused way tothe context of the question.AnalysisEvaluationAn explanation of causesand consequences, fullydeveloping the links in thechain of argument.A conclusion is drawn weighing up both sides, and reaches asupported judgement.An explanation of causesand consequences,developing most of thelinks in the chain ofargument.A conclusion is drawn weighing up both sides, but withoutreaching a supported judgement.ReasonableAwareness of the meaningof the terms in the questionand applied to the contextof the question.An explanation of causesand consequences, whichomit some key links in thechain of argument.Some attempt to come to a conclusion, which shows somerecognition of the influencing factors.LimitedAwareness of the meaningof the terms in the question.Simple statement(s) ofcause and consequence.An unsupported assertion.INSTRUCTIONS TO EXAMINERS:The indicative content indicates the expected parameters for candidates’ answers, but be prepared to recognise and credit unexpected approacheswhere they show relevance.Using ‘best-fit’, decide first which set of BAND DESCRIPTORS best describes the overall quality of the answer. Once the band is located, adjustthe mark concentrating on features of the answer which make it stronger or weaker following the guidelines for refinement.5
H460/03Mark SchemeJune 2017 Highest mark: If clear evidence of all the qualities in the band descriptors is shown, the HIGHEST Mark should be awarded. Lowest mark: If the answer shows the candidate to be borderline (i.e. they have achieved all the qualities of the bands below and showlimited evidence of meeting the criteria of the band in question) the LOWEST mark should be awarded. Middle mark: This mark should be used for candidates who are secure in the band. They are not ‘borderline’ but they have only achievedsome of the qualities in the band descriptors.Be prepared to use the full range of marks. Do not reserve (e.g.) high marks ‘in case’ something turns up of a quality you have not yet seen. If ananswer gives clear evidence of the qualities described in the band descriptors, reward appropriately.6
H460/03Mark SchemeMultiple Choice Questions AnswerJune 2017Multiple Choice Questions Answer1B16 A2A17 A3C18 B4C19 B5B20 A6A21 B7B22 C8A23 C9D24 B10 C25 D11 D26 C12 B27 D13 B28 C14 D29 A15 A30 D7
H460/03Q12Mark SchemeKeyBARationaleJune 2017AOAThis is a function of the World Trade OrganisationBCorrect: this is the primary objective of the World BankCThis is a function of the International Monetary FundDThis is a function of the International Monetary FundACorrect: information is not shared equally between the producer and consumer.BThe good is not more beneficial for consumers than they realise.QuantitativeskillsAO1AO1CMoral hazard is a particular type of information failure where consumers or producers behavedifferently because of their superior information, such as in insurance markets.3CDThere is no indication of any third party costs being incurred.AThis liberal school of thought has grown in popularity following the 2008 global financial crisis.BClassical economics lost popularity as a result of the Great Depression.AO1CCorrect: The Great Depression resulted in a new economic paradigm of the need for greaterdemand side management of the economy.DThe monetarist approach became popular in response to the stagflation caused by Keynesianismin the late 1970s.4CAWages would be below the competitive equilibrium wage in this instance.BThis would result in the wage rate falling or staying the same rather than rising.AO2CCorrect: unions act as monopoly suppliers of labour and refuse to supply their labour below thetarget wage rate.D5BAThis would cause the whole supply curve to shift to the leftDemand for domestic currency would fall, causing a depreciation.BCorrect: hot money would flow into the country, raising the demand for the currency and causingan appreciation.CHot money would flow out of the country, increasing supply of the currency and causing adepreciation.8AO1/
H460/03QMark SchemeKeyRationaleJune 2017AODDemand for foreign currency would increase, increasing supply of the domestic currency andcausing a depreciation.6AACorrect: Individuals know they will be able to consume public goods even if they don’t pay, and sohave no incentive to pay.BThis is a case of government failure when state provision leads to over-consumption.CThis is explaining the concept of scarcity.D7BAAO1This refers to the concept of externalities.Debt relief involves the cancellation of debt owed by one nation to anotherAO1BCorrect: microfinance represents small scale loans to individuals or groups to incentiviseentrepreneurship.COverseas development assistance would be to governments or NGOs rather than individuals orfirms.D8ARemittances are funds transferred from migrants to their home countryACorrect: This will reduce income inequality, shifting the Lorenz Curve closer to the line of equalityand causing the Gini coefficient to get closer to zero.BThe greater the Gini coefficient the greater the degree of income inequality.CThe Lorenz curve would only shift right if income inequality worsened.AO3DRaising the income of those at the bottom of the distribution and reducing the income of those atthe top of the distribution will reduce income inequality.9DAThis trade-off occurs when increases in growth result in the demand for imports rising.BEconomic growth is likely to increase the derived demand for labour, reducing unemployment.CAn improved balance of payments is likely to increase demand for domestic goods and services,which could cause inflation.DCorrect: The Phillips Curve illustrates that a lower rate of unemployment is likely to result in ahigher rate of inflation.9AO1Quantitativeskills
H460/03Q10Mark SchemeKeyCRationaleASupernormal profit would not be present in a contestable market.BEconomies of scale are not as substantial in monopolistic competition.June 2017AOQuantitativeskillsAO3/AO2/CCorrect: the downward sloping AC curve demonstrates it is more efficient to have just one firmoperating in the market.D11DThe demand curve would be kinked in an oligopoly.AForeign direct investment (financial account) and foreign purchase of domestic assets (capitalaccount) are not part of the current account.BThe current account is not comprised solely of the trade in goods and services, but includesprimary income (net investment income) and secondary income (international transfers).12BCThe foreign purchase of domestic assets is not part of the current account.DCorrect: 158m 2,055m 3,974 - 1,201mAThis will make demand for labour more inelastic.AO1BCorrect: When wages rise firms are more easily able to substitute labour for capital, makingdemand more wage elastic.13BCThis will make supply of labour more elastic.DThis will make demand for labour more inelastic.AThere is likely to be significant spare capacity, meaning demand side policies would be moreeffective.AO3BCorrect: Demand side policies would be inflationary, making policies to increase the productivecapacity of the economy effective.14DCPolicy should focus on using the existing spare capacity rather than creating more.DDemand-side policies will be needed to prevent deflation occurring.AHSBC provides a service and does not extract raw materials. Textile firms produce goods ratherthan providing a service.BHSBC is not a manufacturing firm and textile firms process rather than extract raw materials.10AO1
H460/03QMark SchemeKeyRationaleCJune 2017AOHSBC is not a manufacturing firm and textile firms are not in the tertiary sector.DCorrect: HSBC operates in the tertiary/service sector of the economy and textile firms in thesecondary/manufacturing sector.15AACorrect: this should stimulate spending and as a result boost aggregate demand.BQuantitative easing is designed to increase the rate of inflation.CQuantitative easing involves the purchase of financial assets.D16AAO1Financial assets are purchased to increase the rate of inflation.ACorrect: strawberries and potatoes are competing for the scarce resource of land.BComposite supply is where one product services multiple markets.AO1CThis relates to the concept of derived demand, where demand is dependent upon demand in adifferent market.DStrawberries and potatoes are not produced alongside each other as part of the same productionprocess.17AACorrect: an inflation target means economic agents can predict future prices with more certainty.AO1BThis will have no direct impact on uncertainty, and could even worsen it if it means the budgetdeficit increases.CD18BThis is likely to increase uncertainty as it increases the likelihood of exchange rate volatility.This will increase uncertainty as individuals are less able to predict future income.AThis would occur if the price level was falling.AO1BCorrect: The rate of inflation has fallen from 1.5% to 0%.CThere is no inflation in 2015 as the price level is unchanged.DHyperinflation occurs when the price level is increasing at a rapid rate.11Quantitativeskills
H460/03Q19Mark SchemeKeyBRationaleAJune 2017AOChanging the tax rate is likely to change tax revenue.QuantitativeskillsAO1BCorrect: Tax revenue will initially increase as the tax rate increases but once it reaches a certainpoint any rise beyond that will result in tax revenue falling.20ACThis is only true at higher tax rates – the upper portion of the Laffer curve.DThis is only true at lower tax rates – the lower portion of the Laffer curve.ACorrect: This is essential for survival.BThis is a want, it is possible to survive without it.CThis is a want, it is possible to survive without it.D21BCThis is a want, it is possible to survive without it.AThis is a supply side policy that should shift AS to the right.BCorrect: This will reduce disposable income and cause consumption to fall.CThis is expansionary monetary policy that should shift AD to the right.D22AO1/AO3/AO1/This is a supply side policy that should shift AS to the right.AThis is the gain in consumer surplus but does not account for the loss in domestic producer surplusand tariff revenue.BAO3This is the loss in domestic producer surplus and the loss in tariff revenue.CCorrect: The net gain excludes the transfer of welfare from producers and the government toconsumers (a c)D23CThis is the loss in tariff revenueAThe PPF gives no information about wants so it is impossible to assess allocative efficiency.BThere would be no opportunity cost of producing more of either good as there are spare resources.CCorrect: The economy is not productively efficient as not all factors of production are fully andefficiently employed.DThe PPF gives no information about wants so it is impossible to assess scarcity.12
H460/03Q24Mark SchemeJune 2017KeyRationaleAOBAAn excise duty will not affect the price of good B so there is no movement along the demand curvefor good B.AO2QuantitativeskillsBCorrect: The supply curve for good A will shift left, causing a contraction along the demand curve.Consumers will switch to the relatively cheaper substitute, causing the demand curve for good B to shiftright.2526DCCAn excise duty shifts the supply curve, not the demand curve.DAn excise duty shifts the supply curve, not the demand curve.AMRT MPS MPM marginal propensity to withdraw.BCorrect formula for multiplier used but incorrectly specifies MPW (MRT MPC MPM)CMRT MPC MPMDCorrect: Multiplier 1 / MPW 1 / (0.1 0.2 0.3)AThere are positive externalities as MSB MPBBThere are positive externalities as MSB MPBCCorrect: Too big a subsidy has been granted, resulting in over-consumption.AO2/AO3/AO3/AO2/DA tax would shift the MPC curve to the left – intervention has shifted the MPC curve to the right,meaning a subsidy has been granted.27DAThis would be the outcome if AD shifted to the left.BThere is no spare capacity so even though AD increases there will be no economic growth orreduction in unemployment.CThis would be the outcome if there was significant spare capacity in the economy, meaningdemand side growth would be non-inflationary.DCorrect: the AD curve will shift right, however there is no spare capacity so this is simplyinflationary.28AASpecialisation here is correct but the quantities need to be doubled to reflect that the initial figureswere the result of half of the resources producing each good.BThis goes against the theory of comparative advantage as countries are specialising in goods13
H460/03QMark SchemeKeyRationaleJune 2017AOQuantitativeskillsAO2/AO3/which incur higher opportunity cost than in the other country.CCorrect: Country B has a comparative advantage in the production of cars as it can produce carsat a lower opportunity cost than A. Country B has a comparative advantage in bananas.DThis goes against the theory of comparative advantage as countries are specialising in goodswhich incur higher opportunity cost than in the other country.29AACorrect: TVC 15,000 – ( 250 x 12) 12,000. AVC 12,000 / 25,000 48pBSpecifies total fixed cost as 250 – need to multiply by 12 to find total fixed cost.C 15,000 / 25,000 60p ATCD30DAdds rather than subtracts total fixed cost to total cost to find total variable cost.AThe supply of loanable funds is determined by saving, which is not directly impacted by changes incorporation taxBThe supply of loanable funds is determined by saving, which is not directly impacted by changes incorporation taxCAn increase in the corporation tax rate will reduce rather than increase investmentDCorrect: investment will become less profitable, decreasing firms’ demand for loanable funds14
H460/03Mark SchemeQuestion31AnswerMarksUsing the information in Extract 1, explain how theproblem of scarcity can be applied to the housingmarket.June 2017Guidance2AO1 x 1Award 1 mark for identifying high/rising wants/needs withapplication to Extract 1:AO2 x 1 Population growth/immigration/rise in single occupierhouseholds/low interest rates have meant thatwants/needs are high/risingDo not credit a definition of scarcity unless it is followed by anapplication of wants/needs and/or limited resources toExtract 1.Rising demand for housing is insufficient for the application ofhigh/rising wants/needs.(i)Award 1 mark for identifying limited resources withapplication to Extract 1:Falling supply of houses/limited amount of houses isinsufficient for the application of limited resources. Housing stock is limited because the rate of housebuilding is falling(ii)32Using the data from Figure 1.1, compare what hashappened to house prices and average earningsbetween 2000 and 2014.2Award 1 mark for any of the following comparisons:AO2 x 2 Both house prices and average earnings wereincreasing in most yearsDo not award any marks for a year by year description of thedata, nor a comment about either of the data sets whichlacks a comparison to the other variable.(iii) Generally house price growth exceeded averageearnings growthAnswers which confuse levels with rates should not becredited – eg. House prices were higher than averageearnings.(iv) House prices were more volatile than average15
H460/03Mark SchemeQuestionAnswerJune 2017MarksGuidanceearnings over the period(v) House price growth and average earnings growthare lower at the end of the period than they were atthe start(vi) Average earnings increased in every year whereashouse price growth was negative at times33Evaluate, using an appropriate diagram, the extent towhich the policy reforms outlined in Extract 1 arelikely to improve the affordability of housing in the UK.15Analysis: Good analysis must include an accurate diagram of oneof the policies and an explanation of how a fall in priceresults in housing becoming more affordable. Strong analysis requires analysis of at least two policyreforms.AO1 x 2AO2 x 3Level 3 (11–15 marks)AO3 x 4Good knowledge and understanding of how the policiesimprove the affordability of housing.AO4 x 6Good – strong analysis of the way in which the policyreforms will influence the price of housing through shiftingsupply and demand. Good analysis will be in the form ofdeveloped links. These links are developed through achain of reasoning which addresses the question. Anyrelevant diagram(s) are predominantly correct and linkedto the analysis. Strong analysis will have consistentlywell-developed links through a coherent chain ofreasoning which addresses the question. Any relevantdiagram(s) are predominantly correct with no significanterrors that affect the validity of the analysis. Any diagramsmust be integral to the analysis.16Reducing mortgage interest tax relief and introducing theadditional stamp duty on buy to let purchases will make itless profitable to purchase a property for investmentpurposes. This will decrease the demand for housing fromlandlords, shifting the demand curve to the left from D1 toD2, causing the price of housing to fall (from P1 to P2),resulting in housing in the UK becoming more affordable forresidential purchases/those on low incomes/first time buyers.
H460/03Mark SchemeQuestionAnswerJune 2017MarksGuidanceGood - strong evaluation of whether the policy reformswill result in house prices falling, weighing up bothsides/comparing alternatives. Strong evaluation shouldinclude a supported judgment.There is a well-developed line of reasoning which is clearand logically structured. The information presented isrelevant and substantiated.Level 2 (6–10 marks)Good knowledge and understanding of how the policiesimprove the affordability of housing.Reasonable analysis of the way in which the policyreforms will influence the price of housing through shiftingsupply and/or demand. There is correct analysis largely inthe form of single links. These address the question butare not developed into a clear chain of reasoning. Anyrelevant diagram(s) may be imperfectly labelled or notlinked to the analysis.Reasonable evaluation of whether the policy reforms willresult in house prices falling considering bothsides/comparing alternativesThere is a line of reasoning presented with some structure.The information presented is in the most-part relevant andsupported by some evidence.The supply of housing may increase as landlords decide tosell their properties as a result of the changes to mortgageinterest tax relief. This would cause the supply curve to shiftto the right and the price of housing to fall, resulting inhousing in the UK becoming more affordable for residentialpurchases/those on low incomes/first time buyers.Moreover the Lifetime ISA will incentivise individuals to savefor a deposit and effectively reduce the real cost of buying ahouse. Ceteris paribus this makes housing more affordable,as more individuals will now be able to save the depositneeded to purchase a property.Evaluation: Alternative policies that address the affordability ofhousing that are not compared to the policies in Extract 1can be awarded up to Limited evaluation. Strong evaluation requires an explained judgement. Anexplained judgement without Good evaluation can beLevel 1 (1–5 marks)Limited – reasonable knowledge and understanding ofhow the policies improve the affordability of housing.17
H460/03QuestionMark SchemeAnswerMarksLimited analysis of the way in which the policy reforms willinfluence the price of housing through shifting supply ordemand. There is little evidence of reasoning thataddresses the question asked. There is a lack of a clearstructure.Limited evaluation of whether the policy reforms will resultin house prices falling in the form of an unsupportedstatement or no evaluation.The information is basic and communicated in anunstructured way. The information is supported by limitedevidence and the relationship to the evidence may not beclear.0 marks no response or no response worthy of credit.June 2017Guidancecredited as evaluation.However, the Lifetime ISA along with Help to Buy will meanmore people are able to consider purchasing a property,raising the demand for housing. Therefore, whilst in the shortterm houses may become more affordable, in the long termas more people are able to enter the market prices may startto rise again. Much will depend upon whether othergovernment policies to increase the rate of house buildingenables supply to increase quickly enough to stop pricesrising despite rising demand. A diagram may be used toevidence this.The majority of the market is comprised of residentialpurchases; any changes in the buy to let market are unlikelyto have a big enough impact to cause the price of houses tofall.Landlords may simply pass their higher costs onto tenants inthe form of higher rents. They are likely to be able to do thisgiven the shortage of housing, which may mean theycontinue to purchase buy to let properties as it remainsprofitable to do so.Landlords may continue to buy properties to let as the 3%increase in stamp duty may not be sufficient to deter theirinvestment.Whilst an increase in the supply of properties for sale maydecrease house prices, the reduction in the number ofproperties available to rent may push up prices in the rentalmarket, making housing less affordable for tenants.The Lifetime ISA will not improve the affordability of housingfor those who cannot afford to save.18
H460/03Mark SchemeQuestion34AnswerMarksUsing the data from Figure 2.1, calculate the priceelasticity of supply of housing in 2014.June 2017Guidance2Award 2 mark for correctly calculating PES:AO2 x 2The mark for the correct answer cannot be awarded if PES isdisplayed as a percentage and/or is negative.% change in QS 7.11%% change in price 8.35%PES 7.11% / 8.35% 0.85Award 1 mark for correctly calculating % change in QSand/or % change in price with incorrect final answer35Evaluate whether there is evidence of market failure inthe market for house building. [8]8A diagram may be used but should not be expectedAO1 x 1Level 2 (5–8 marks)AO2 x 1AO3 x 2Good knowledge and understanding of the concept ofmarket failure.AO4 x 4Good – strong analysis of how positive or negativeexternalities of production cause the market for housebuilding to fail. Good analysis will be in the form ofdeveloped links. These links are developed through achain of reasoning which addresses the question. Anyrelevant diagram(s) are predominantly correct and linkedto the analysis. Strong analysis will have consistently19
H460/03Mark SchemeQuestionAnswerMarkswell-developed links through a coherent chain ofreasoning which addresses the question. Any relevantdiagram(s) are predominantly correct with no significanterrors that affect the validity of the analysis. Any diagramsmust be integral to the analysis.Reasonable – strong evaluation of the nature of marketfailure in house building, considering both sides/comparingalternatives. Good evaluation will weigh up bothsides/comparing alternatives but without reaching asupported judgment. Strong evaluation should include asupported judgment.Level 1 (1–4 marks)Limited – reasonable knowledge and understanding ofthe concept of market failure.Limited – reasonable analysis of how positive or negativeexternalities of production cause the market for housebuilding to fail. Limited analysis will have little evidence ofreasoning that addresses the question asked. There is alack of a clear structure. Reasonable analysis will havecorrect analysis largely in the form of single links. Theseaddress the question but are not developed into a clearchain of reasoning. Any relevant diagram(s) may beimperfectly labelled or not linked to the analysis.Limited evaluation of the nature of market failure in housebuilding in the form of an unsupported statement or noevaluation.0 marks no response or no response worthy of credit20June 2017GuidanceDevelopers building houses will only consider their ownprivate costs, such as the cost of the land, building materialsand labour. They will ignore the costs to third parties – suchas local residents who experience noise pollution during theconstruction work and lose the opportunity to use greenspaces for leisure activities once houses are built on them.This means that social costs exceed private costs, resultingin market failure and the over-production of houses. Thisgenerates a welfare loss as illustrated by the shaded regionon the diagram.The extent to which there are negative externalities dependsupon exactly where houses are being built – areas ofoutstanding natural beauty are likely to remain protected, andif it is largely unused green belt land then the negativeexternalities generated are unlikely to be significant.There may be positive externalities of production. Whenmore houses are built house prices will fall. This makeshousing more affordable, which benefits taxpayers as thegovernment incurs less cost in having to support people withthe cost of housing in the form of housing benefit or socialhousing. Moreover building new, energy efficient houses mayreduce global warming in the long run.It might be that rising prices do not represent market failurebut the market mechanism operating correctly in response torising
USING THE MARK SCHEME Please study this Mark Scheme carefully. The Mark Scheme is an integral part of the process that begins with the setting of the question paper and ends with the awarding of grades. Question pa
CSEC English A Specimen Papers and Mark Schemes: Paper 01 92 Mark Scheme 107 Paper 02 108 Mark Scheme 131 Paper 032 146 Mark Scheme 154 CSEC English B Specimen Papers and Mark Schemes: Paper 01 159 Mark Scheme 178 Paper 02 180 Mark Scheme 197 Paper 032 232 Mark Scheme 240 CSEC English A Subject Reports: January 2004 June 2004
Matthew 27 Matthew 28 Mark 1 Mark 2 Mark 3 Mark 4 Mark 5 Mark 6 Mark 7 Mark 8 Mark 9 Mark 10 Mark 11 Mark 12 Mark 13 Mark 14 Mark 15 Mark 16 Catch-up Day CORAMDEOBIBLE.CHURCH/TOGETHER PAGE 1 OF 1 MAY 16 . Proverbs 2—3 Psalms 13—15 Psalms 16—17 Psalm 18 Psalms 19—21 Psalms
H460/02 Mark Scheme June 2018 7 Question Answer Marks Guidance in tax can raise tax revenue / shows an optimum tax rate to maximise tax revenue / accurate Laffer curve diagram (1). The Laffer curve suggests that a cut from a high tax rate may encourage people to work longer hours/be mor
H567/03 Mark Scheme June 2018 6 USING THE MARK SCHEME Please study this Mark Scheme carefully. The Mark Scheme is an integral part of the process that begins with the setting of the question paper and ends with the awarding of grades. Question papers and Mark Schemes are d
Examiners should mark according to the mark scheme not according to their perception of where the grade boundaries may lie. All marks on the mark scheme should be used appropriately. All marks on the mark scheme are designed to be awarded. Examiners should always award full marks if deserved, i.e. if the answer matches the mark scheme.
the mark scheme should be used appropriately. All the marks on the mark scheme are designed to be awarded. Examiners should always award full marks if deserved, i.e. if the answer matches the mark scheme. Examiners should also be prepared to award zero marks if the candidate’s response is not worthy of credit according to the mark scheme.
Mark scheme for Paper 1 Tiers 3-5, 4-6, 5-7 and 6-8 National curriculum assessments ALL TIERS Ma KEY STAGE 3 2009. 2009 KS3 Mathematics test mark scheme: Paper 1 Introduction 2 Introduction This booklet contains the mark scheme for paper 1 at all tiers. The paper 2 mark scheme is printed in a separate booklet. Questions have been given names so that each one has a unique identifi er .
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