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Economics Edexcel | Economic environment and Business paper 3|Examiners’ Report June 2022 GCE Economics B 9EB0 03

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Examiners’ Report June 2022 GCE Economics B 9EB0 03

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Examiners’ Report
June 2022
GCE Economics B 9EB0 03

,Edexcel and BTEC Qualifications

Edexcel and BTEC qualifications come from 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.




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June 2022

Publications Code 9EB0_03_2206_ER

All the material in this publication is copyright

© Pearson Education Ltd 2022




GCE Economics B 9EB0 03 2

, Introduction

This paper proved to be slightly less accessible than the previous series of 9EB03, possibly
due to the difficulties many students encountered in Q2a. However, there were many very
good responses showing high levels of knowledge, analysis and evaluation. Even so, many
answers lacked application and supporting evidence. This was particularly disappointing
given that the topic was released well before the exam. Centres should have taken full
advantage of this and used the topic of economic growth in classwork, assignments and
wider study, looking at a wide range of case studies and examples. Many just treated the
exam paper as a comprehension exercise and some answers were wholly generic. Many
answers showed a simplistic and frequently erroneous mix of assertions and assumptions.
Candidates who do this are unlikely to convince examiners that their chains of reasoning are
sound. It is worth reminding students that the higher levels in the mark scheme all require
good use of supporting evidence. Having said that, it was pleasing to see some students
using a wide range of examples and evidence, including recent economic events, to illustrate
and reinforce their arguments.

Centres also need to appreciate the requirement to demonstrate quantitative skills (QS) as
stated in the specification. The stimulus material contained a range of data, in both written,
graphical and numerical form. QS9 (see specification, appendix 3) requires candidates to be
able to ‘interpret, apply and analyse information in written, graphical, tabular and numerical
forms’. Many candidates chose to ignore the data or did not make full use of it, once again
limiting their attainment.




3 GCE Economics B 9EB0 03

, Question 1 (a)

Some candidates struggled to define or show accurate knowledge of GDP but most were able
to say why it was useful as a measure of economic growth and how it was easily comparable
over time or between economies. Rather surprisingly most chose to show balance by
claiming that HDI was a much more accurate measure; this was not always a convincing
argument. Others chose to argue that GDP needed to be used as a per capita figure or in real
terms to remove the effects of inflation. Surprisingly, few took the option of looking at the
impact of the informal or black economy.




GCE Economics B 9EB0 03 4

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