Pearson Edexcel GCE AS Level in Economics A (8EC0)

Mark scheme (Results)
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Summer 2016 O




Pearson Edexcel GCE AS Leveli
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n Economics A (8EC0)
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Paper 01 Introduction to markets and marketfailu
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re

,EdexcelOandOBTECOQualifications

EdexcelOandOBTECOqualificationsOareOawardedObyOPearson,OtheOUK’sOlargestOawardingObo
dy.OWeOprovideOaOwideOrangeOofOqualificationsOincludingOacademic,Ovocational,Ooccupatio
nalOandOspecificOprogrammesOforOemployers.OForOfurtherOinformationOvisitOourOqualificati
onsOwebsitesOatOwww.edexcel.comOorOwww.btec.co.uk.OAlternatively,OyouOcanOgetOinOtou
chOwithOusOusingOtheOdetailsOonOourOcontactOusOpageOatOwww.edexcel.com/contactus.




Pearson:OhelpingOpeopleOprogress,Oeverywhere

PearsonOaspiresOtoObeOtheOworld’sOleadingOlearningOcompany.OOurOaimOisOtoOhelpOeveryo
neOprogressOinOtheirOlivesOthroughOeducation.OWeObelieveOinOeveryOkindOofOlearning,OforO
allOkindsOofOpeople,OwhereverOtheyOareOinOtheOworld.OWe’veObeenOinvolvedOinOeducationOf
orOoverO150Oyears,OandObyOworkingOacrossO70Ocountries,OinO 100Olanguages,OweOhaveOb
uiltOanOinternationalOreputationOforOourOcommitmentOtoOhighOstandardsOandOraisingOachi
evementOthroughOinnovationOinOeducation.OFindOoutOmoreOaboutOhowOweOcanOhelpOyouOa
ndOyourOstudentsOat:Owww.pearson.com/uk




SummerO2016
PublicationsOCodeO8EC0_01_1606_MS
AllOtheOmaterialOinOthisOpublicationOisOcopyright
©OPearsonOEducationOLtdO2016

, GeneralOMarkingOGuidance



 AllO candidatesO mustO receiveO theO sameO treatment.O
ExaminersO mustO markO theO firstO candidateO inO exactlyO theO
sameOwayOasOtheyOmarkOtheOlast.
 MarkOschemesOshouldObeOappliedOpositively.OCan
didatesOmustObeOrewardedOforOwhatOtheyOhaveOshownOtheyO
canOdoOratherOthanOpenalisedOforOomissions.
 ExaminersOshouldOmarkOaccordingOtoOtheOmarkOsch
emeOnotOaccordingOtoOtheirOperceptionOofOwhereOtheOgradeO
boundariesOmayOlie.
 ThereOisOnoOceilingOonOachievement.OAllOmarksOonOt
heOmarkOschemeOshouldObeOusedOappropriately.
 AllOtheOmarksOonOtheOmarkOschemeOareOdesignedOtoOb
eOawarded.O ExaminersO shouldO alwaysO awardO fullO marksO
ifOdeserved,Oi.e.OifOtheOanswerOmatchesOtheOmarkOscheme.OE
xaminersO shouldO alsoO beO preparedOtoO awardO zeroO marksO ifOt
heO candidate’sO responseO isO notO worthyO ofO creditO accordingOt
oOtheOmarkOscheme.
 WhereOsomeOjudgementOisOrequired,OmarkOschemesO
willOprovideOtheOprinciplesObyOwhichOmarksOwillObeOawardedO
andOexemplificationOmayObeOlimited.
 WhenOexaminersOareOinOdoubtOregardingOtheOapplic
ationOofOtheOmarkOschemeOtoOaOcandidate’sOresponse,OtheOt
eamOleaderOmustObeOconsulted.
 CrossedOoutOworkOshouldObeOmarkedOUNLESSOtheOc
andidateOhasOreplacedOitOwithOanOalternativeOresponse.