Examiners’ Report
Prinicipal Examiner Feedback
October 2020
Pearson Edexcel GCE
In Economics B (9EB0)
Paper 1: Markets and how they work
1
,Edexcel and BTEC Qualifications
Edexcel and BTEC qualifications are awarded by Pearson, the UK’s largest awarding body.
We provide a wide range of qualifications including academic, vocational, occupational and
specific programmes for employers. For further information visit our qualifications websites
at www.edexcel.com or www.btec.co.uk. Alternatively, you can get in touch with us using
the details on our contact us page at www.edexcel.com/contactus.
Pearson: helping people progress, everywhere
Pearson aspires to be the world’s leading learning company. Our aim is to help everyone
progress in their lives through education. We believe in every kind of learning, for all kinds
of people, wherever they are in the world. We’ve been involved in education for over 150
years, and by working across 70 countries, in 100 languages, we have built an
international reputation for our commitment to high standards and raising achievement
through innovation in education. Find out more about how we can help you and your
students at: www.pearson.com/uk
October 2020
Publications Code 9EB0_01_2010_ER
All the material in this publication is copyright
© Pearson Education Ltd 2020
2
, Introduction
This paper was sat by a very small cohort of students. As usual there was a wide range of marks
awarded for all questions. Some candidates demonstrated detailed knowledge of economic
concepts and thereby accessed the higher levels and marks. At the same time some candidates were
unable to demonstrate any economic knowledge and consequently scored very little, particularly on
the levels-based questions.
Question 1 (a)
This question was generally well answered with most candidates successfully calculating the
percentage decrease in the price of jet fuel. It is advisable for candidates to show their workings but
this is not mandatory to gain full marks. However, some candidates did not either show the
percentage sign or did not round to two decimal places and consequently could not be awarded all 4
marks.
This response scored 4 marks.
Question 1 (b)
This question was poorly answered with many of the candidates unable to calculate the marginal
revenue gained from the decrease in price for refitting an aircraft. Again, marks can be awarded for
showing working even with an incorrect answer.
This response scored 4 marks.
3
Prinicipal Examiner Feedback
October 2020
Pearson Edexcel GCE
In Economics B (9EB0)
Paper 1: Markets and how they work
1
,Edexcel and BTEC Qualifications
Edexcel and BTEC qualifications are awarded by Pearson, the UK’s largest awarding body.
We provide a wide range of qualifications including academic, vocational, occupational and
specific programmes for employers. For further information visit our qualifications websites
at www.edexcel.com or www.btec.co.uk. Alternatively, you can get in touch with us using
the details on our contact us page at www.edexcel.com/contactus.
Pearson: helping people progress, everywhere
Pearson aspires to be the world’s leading learning company. Our aim is to help everyone
progress in their lives through education. We believe in every kind of learning, for all kinds
of people, wherever they are in the world. We’ve been involved in education for over 150
years, and by working across 70 countries, in 100 languages, we have built an
international reputation for our commitment to high standards and raising achievement
through innovation in education. Find out more about how we can help you and your
students at: www.pearson.com/uk
October 2020
Publications Code 9EB0_01_2010_ER
All the material in this publication is copyright
© Pearson Education Ltd 2020
2
, Introduction
This paper was sat by a very small cohort of students. As usual there was a wide range of marks
awarded for all questions. Some candidates demonstrated detailed knowledge of economic
concepts and thereby accessed the higher levels and marks. At the same time some candidates were
unable to demonstrate any economic knowledge and consequently scored very little, particularly on
the levels-based questions.
Question 1 (a)
This question was generally well answered with most candidates successfully calculating the
percentage decrease in the price of jet fuel. It is advisable for candidates to show their workings but
this is not mandatory to gain full marks. However, some candidates did not either show the
percentage sign or did not round to two decimal places and consequently could not be awarded all 4
marks.
This response scored 4 marks.
Question 1 (b)
This question was poorly answered with many of the candidates unable to calculate the marginal
revenue gained from the decrease in price for refitting an aircraft. Again, marks can be awarded for
showing working even with an incorrect answer.
This response scored 4 marks.
3
