Pearson Edexcel GCE GCE Economics A 8EC0 02.

Examiners’ Report
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June 2016
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GCE Economics 8EC0 02
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ideTaTwideTrangeTofTqualificationsTincludingTacademic,Tvocational,ToccupationalTandTspecificTpro
grammesTforTemployers.TForTfurtherTinformationTvisitTourTqualificationsTwebsitesTatTwww.edexc
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ResultsPlusTisTPearson’sTfreeTonlineTserviceTgivingTinstantTandTdetailedTanalysisTofTyourTstudent
s’TexamTresults.

• SeeTstudents’TscoresTforTeveryTexamTquestion.
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evelopTtheirTlearningTfurther.

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Pearson:ThelpingTpeopleTprogress,Teverywhere
PearsonTaspiresTtoTbeTtheTworld’sTleadingTlearningTcompany.TOurTaimTisTtoThelpTeveryoneTprog
ressTinTtheirTlivesTthroughTeducation.TWeTbelieveTinTeveryTkindTofTlearning,TforTallTkindsTofTpeop
le,TwhereverTtheyTareTinTtheTworld.TWe’veTbeenTinvolvedTinTeducationTforToverT150Tyears,TandT
byTworkingTacrossT70Tcountries,TinT100Tlanguages,TweThaveTbuiltTanTinternationalTreputationTfor
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JuneT2016

PublicationsTCodeT8EC0_02_1606_ER

AllTtheTmaterialTinTthisTpublicationTisTcopyright
©TPearsonTEducationTLtdT2016




2 GCETEconomicsT8EC0T02

,Introduction
ThisTisTtheTfirstTofTtheTEconomicsTATASTpapersT(8EC0T02)TinTtheTnewTASTSpecificationT2015.TCa
ndidates’TanswersTtoTtheTquestionsTonTthisTpaperThaveTgenerallyTbeenTofTanTexpectedTstanda
rd.TAllTquestionsTwereTaccessibleTtoTtheTcandidates,TalthoughTinevitablyTcandidatesTwereTsco
ringTmoreThighlyTonTsomeTthanTothers.
InTsectionTBTcandidatesTfailedTatTtimesTtoTreadTtheTquestion.TSpecifically,TinT6(b)TcandidatesToft
enTonlyTfocusedTonTimpactsTonTtheTeconomyTinTgeneralTratherTthanTonTUKTconsumers.
ForTtheTfinalTquestionsTwhereTcandidatesThadTaTchoice,T6(g)TwasTmoreTpopularTthanT6(f).TInT6(f
)TsomeTcandidatesTfailedTtoTfocusTonTtheT‘success’TaspectTofTtheTquestion,TwhilstTinT6(g)Tcandida
tesTdidTnotTalwaysTputTtheirTanswerTinTtheTcontextTofTtheTGlobalTFinancialTCrisisTofT2008T-
TwhichTwouldThaveTpreventedTthemTfromTreachingTtopTmarks.TThisTwasTanTissueTinTgeneral,Twit

hTcandidatesTwritingTanswersTthatTwereTtooTgenericTorTwhereTtheyTclearlyThadTnotTfullyTreadTandT
understoodTtheTdataTandTarticlesTtheyThadTbeenTprovidedTwith.
InTrelationTtoTquantitativeTskills,TsomeTcandidatesTwereTnotTableTtoTaccessTtheTonTtheTcalcula
tionTquestions-
TtheyTgenerallyTtendedTtoTeitherTgetTtheseTquestionsTrightTorTwrong,TwhichTagainTemphasises

TtheTimportanceTofTthemTlearningTtheTquantitativeTskillsTinTtheTnewTcourse,TincludingTkeyTfor
mulasTsuchTasTtheTmultiplierTandTpercentageTchange.
CandidatesTshouldTbeTremindedTofTtheTimportanceTofTmakingTsureTtheirTanswersTareTclearT
andTconcise.TInTaddition,TaTpleaTtoTanyTcandidatesTusingTadditionalTsheetsTofTpaperTisTtoTma
keTitTclearTonTtheseTextraTsheetsTwhatTquestionTeachTpieceTofTwritingTrefersTtoTso
examinersTareTconfidentTtheyThaveTaccuratelyTmarkedTaTcandidate'sTwork.TFinally,TcandidatesTs
houldTbeTremindedTtoTnotTwriteTtheTanswerTtoTaTquestionTinTtheTspaceTprovidedTforTaTdifferentTq
uestion.TIfTaTcandidateTneedsTmoreTspaceTtoTanswerTaTquestion,TtheyTshouldTuseTadditionalTshe
etsTofTpaper.




GCETEconomicsT8EC0T02 3

, Question 1 (a)
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ThisTisTtheTfirstTofTseveralTshortTquestionsTwhereTcandidatesTsimplyTneedTtoTdefineTaTkeyTecono
micTterm.TMostTcandidatesTwereTableTtoTclearlyTdefineTtheseTterms.TTheTmainTproblemTwithTaTn
ationalTincomeTdefinitionTwasTtheTsignificantTnumberTofTcandidatesTwhoTsaidTthisTwasTtheTavera
geTincomeTofTaTcountry,TwhichTisTincorrect.




ExaminerTComments

ThisTanswerTisTclearlyTaTcorrectTdefinitionTofTnationalTincomeT
andTsoTscoresT1/1.




ExaminerTComments

ThisTanswerTscoresT0TmarksTasTnationalTincomeTisTnotTtheT
averageTincomeTofTaTcountry.




ExaminerTTip

ThisTillustratesTtheTimportanceTofTcandidatesThavingTa
TsoundTknowledgeTofTkeyTdefinitionsTfromTtheTspecifi

cation.




4 GCETEconomicsT8EC0T02