Comment/ analysis on Economics paper (Higher Level) by Ray O’Loughlin, Economics teacher at The Institute of Education
A fairly well-balanced paper that gave good scope to hard working students to showcase their knowledge and ability. In line with last year, the paper contained an amount of non-textbook material that needed independent knowledge. These are items that many students would have had difficulty with. Students were required to have knowledge of a wide range of topical issues outside of their textbooks.
There was reasonable choice in this section, and students would have been able to get six good questions here.
Question 4 on oligopolists and Question 8 on the value of the Euro going down, were fair and students would have been well prepared for them.
There were some very demanding topics in this section that contained an amount of non-textbook material that required students to have independent knowledge.
Question 1, part c asked students to discuss whether there should there be a rent ceiling for private rented accommodation. Very topical, but also very challenging.
Question 2, part C, asked students to discuss whether Irish Water should be regulated. This was a very demanding question.
In Question 5, part B students were asked to examine the economic impact of the recent Central Bank mortgage restrictions on the Irish property market. Again, a very topical, but demanding theme.
The importance of the Strategic Banking Corporation of Ireland to SME’s appeared in part c of Question 5. Again, a very tricky topic that students may not have been familiar with.
Question 3, on costs, Question 7 on national income and question 8 on government were well-balanced, accessible questions which students would have welcomed.