K K
2019
K
GCE Economics 9EC0 02
K K K
, EdexcelKandKBTECKQualifications
EdexcelKandKBTECKqualificationsKcomeKfromKPearson,KtheKUK’sKlargestKawardingKbody.KWeKprovideKaKwi
deKrangeKofKqualificationsKincludingKacademic,Kvocational,KoccupationalKandKspecificKprogrammesKforKe
mployers.KForKfurtherKinformationKvisitKourKqualificationsKwebsitesKatKwww.edexcel.comKorKwww.btec.
co.uk.
Alternatively,KyouKcanKgetKinKtouchKwithKusKusingKtheKdetailsKonKourKcontactKusKpageKatKwww.edexcel.co
m/contactus.
GivingKyouKinsightKtoKinformKnextKsteps
ResultsPlusKisKPearson’sKfreeKonlineKserviceKgivingKinstantKandKdetailedKanalysisKofKyourKstudents’Kexa
mKresults.
SeeKstudents’KscoresKforKeveryKexamKquestion.
UnderstandK howK yourK students’KperformanceK comparesK withK classK andK nationalK averages.
IdentifyKpotentialKtopics,KskillsKandKtypesKofKquestionKwhereKstudentsKmayKneedKtoKdevelopKtheirKlear
ningKfurther.
ForKmoreKinformationKonKResultsPlus,KorKtoKlogKin,KvisitKwww.edexcel.com/resultsplus.
YourKexamsKofficerKwillKbeKableKtoKsetKupKyourKResultsPlusKaccountKinKminutesKviaKEdexcelKOnline.
Pearson:K helpingK peopleK progress,K everywhere
PearsonKaspiresKtoKbeKtheKworld’sKleadingKlearningKcompany.KOurKaimKisKtoKhelpKeveryoneKprogressKi
nKtheirKlivesKthroughKeducation.KWeKbelieveKinKeveryKkindKofKlearning,KforKallKkindsKofKpeople,Kwherev
erKtheyKareKinKtheKworld.KWe’veKbeenKinvolvedKinKeducationKforKoverK150Kyears,KandKbyKworkingKacros
sK70Kcountries,KinK100Klanguages,KweKhaveKbuiltKanKinternationalKreputationKforKourKcommitmentKtoKh
ighKstandardsKandKraisingKachievementKthroughKinnovationKinKeducation.KFindKoutKmoreKaboutKhowKw
eKcanKhelpKyouKandKyourKstudentsKat:Kwww.pearson.com/uk.
JuneK 2019
PublicationsK CodeK 9EC0_02_1906_ER
AllKtheKmaterialKinKthisKpublicationKisKcopyright
©KPearsonKEducationKLtdK2019
2 GCEKEconomicsK9EC0K02
,Introduction
ThisKisKtheKthirdKexamKinKtheK2015KSpecificationKseries.KTheKfocusKofKthisKexamKisKonKmacroeconomic
s,KthemesK2KandK4KofKtheKspecification.KCandidates’KanswersKtoKtheKquestionsKonKthisKpaperKhaveKgene
rallyKbeenKofKanKexpectedKstandard.KAllKquestionsKwereKaccessibleKtoKtheKcandidates,KalthoughKinevit
ablyKcandidatesKwereKscoringKmoreKhighlyKonKsomeKthanKonKothers.
InKSectionKAKtheKmajorityKofKcandidatesKansweredKtheKmultiple-
choiceKquestionsKcorrectlyKandKthereKdoesKseemKtoKhaveKbeenK anKimprovementKinKcandidates'K unders
tandingK ofKhowKtoKanswerKtheseKtypesKofKquestions.KThereKwasKanKimprovementKinKcandidates'Kunder
standingKofKquantitativeKskillsKinKquestionsK1(b)KandK4(b).KInKgeneralKthereKwereKaKlotKofKgoodKandKaccu
rateKanswersKtoKtheK2-
markKquestionsKinKthisKsection.KTheKmainKissuesKoccurredKwhenKcandidatesKdidn'tKanswerKtheKpreciseK
questionKsetK-KforKexampleKtalkingKaboutKincomeKinequalityKinsteadKofKwealthKinequalityKinKquestion
5.K WhilstKoverallKthereKseemedK toK beK anKimprovementKinK candidates'KtimeK management,KcandidatesK
shouldKstillKensureKtheyKareKusingKtheirKtimeKefficientlyKinKthisKsectionKandKnotKspendingKtimeKwritingKt
hingsKthatKaren'tKgoingKtoKgetKanyKmarks,KforKexampleKrewritingKtheKquestionKorKincludingKapplicatio
nKwhenKitKhasn'tKbeenKaskedKfor.
InKSectionKBKitKisKimportantKthatKcandidatesKreadKtheKquestionKcarefullyKandKensureKtheyKareKanswerin
gKtheK preciseK questionK set.K ForK exampleKquestionK 6(c)K asksKforKtheKimpactKonK happiness,KbutKaKlotKofK
candidatesKexplainedKtheKlikelyKimpactKonKtheKmacroeconomyK–
KforKexample KdrawingKAD/ASKdiagrams KandKdiscussingKhowKitKmightKleadKtoKless Keconomic Kgrowth. KHi
ghKqualityKanswersKtoKtheseKquestionsKwereKonesKthatKclearlyKanalysedKtheKissuesKandKappliedKthemKto
Kreal-worldKcontexts,KeitherKusingKinformationKfromKtheKcaseKstudyKorKtheirKownKknowledge.
InK allK questionsKitKisKimportantKforK candidatesK toKrememberKthatK whenK aK questionKincludesK theKword
sK‘withKreferenceKto...’KthenKcandidatesKshouldKactuallyKreferKtoKwhateverKtheyKhaveKbeenKaskedKto.KIn
Kshorter KquestionsKthere Kare KdiscreteKmarksKforKapplicationKandKinKlevels-
basedKquestions,KexaminersKareKlookingKforKcontextKtoKenhanceKtheKanswerKandKmoveKitKintoKtheKhig
herKKAAKlevels.KAKcommonKissueKwhenKmarkingKcandidates'KanswersKwasKaKlackKofKapplicationK–
K answersK shouldK notKbeKentirely KtheoreticalKandKshouldKbeKplaced KwithinKthe KcontextKof KtheKreal Kecon
omyKofKtheKworldKorKparticularKcountriesKandKregions.
ForKSectionKCKwhereKtheKcandidatesKhaveKaKchoiceKofKwhichKquestionKtoKanswer,KitKwasKalmostKexactl
yK50%KofKcandidatesKwhoKansweredKeachKquestion.KInKbothKquestionsKsuccessKcouldKbeKfoundKbyKde
monstratingKclearlyKtheKskillsKofKanalysis,Kevaluation,KandKapplication.KCandidatesKneedKtoKensureKth
eyKgoKbeyondKsimplyKstatingKissuesKandKjustifyKtheirKpoints,KasKwellKasKbackingKthemKupKwithKapplica
tion.KItKisKalsoKvitalKthatKcandidatesKensureKtheyKanswerKtheKpreciseKquestionKtheyKhaveKbeenKsetK-
KwhichKwas KaKparticular Kissue KwithKquestionK7.KMany Kcandidates Kelected KtoKdiscuss Kthe KbenefitsKandK
downsidesKforKaKcountry'sKeconomyKofKjoiningKaKtradingKblocKinsteadKofKtheKimpactKonKtradingKpatter
ns.KThisKseverelyKlimitedKcandidates'KabilityKtoKaccessKtheKhigherKlevels.
GCEKEconomicsK9EC0K02 3
, Question 1 (b) K K
ThisKquestionKrequiredKaKsimpleKcalculationKofKtheKindexKnumber.KThereKseemedKtoKbeKanKimprovem
entK inK candidates'K understandingK ofK indexK numbersK comparedK toK previousK examK papers.KTheKmainKp
roblemKcandidatesKfoundKwasKinKselectingKtheKwrongKinitialKdataKfromKtheKfigureK-
KsomethingKthat KisKworthKpractising.
4 GCEKEconomicsK9EC0K02