Economics Exam Strategies

• The text provides guidelines for answering economics exams and outlines key instructions and content areas.

General Exam Instructions

• Economics papers have a specific structure.
• Carefully read all instructions, as deviating can lead to point deductions.
• Use the 10-minute reading time to choose questions in Sections B and C, and select the correct number of questions from each section.
• Use a blue or black ink pen only, using pencil only for graphs, sketches, illustrations, or curves.
• Write neatly and legibly, as illegible handwriting may result in lost points.

Question 1 & General Tips

• Section A is compulsory
• To answer is it is essential to understand economic concepts, terminology, definitions, and descriptions.
• Attempt all questions, and if unsure, return to it later for potential clues within the exam.
• If uncertain, make an educated guess.
• Leaving questions unanswered yields no points, thus attempting an answer, even if unsure, is advantageous if the answer is economically sensible.

Multiple-Choice Questions

• Read the question or statement thoroughly before attempting an answer.
• Select only one option and write the corresponding letter next to the question number.
• Only one option per question is accepted, otherwise both answers will be marked as incorrect.
• First discuss possible answers and formulate the likely correct answer before reviewing the options.
• If the answer is not available, use elimination to rule out irrelevant or incorrect options and choose the best remaining answer.
• If still unsure, move to other questions and return later for potential clues.
• Attempt an educated guess rather than leaving the question unanswered.

Matching Questions

• Read the question carefully.
• The CONCEPT/TERM is in COLUMN A, while the DESCRIPTION is in COLUMN B
• Match the description in COLUMN B with the CONCEPT in COLUMN A and only ONE answer is accepted per concept from column A.
• Select only one answer per concept of those list in COLUMN A, as multiple answers will be marked as incorrect.
• Information that can be linked includes economic concepts with definitions or descriptions, dates with events, theories with theorists, and problems with solutions.
• Read all options in each column before answering.
• Use logic to find hints in the statement or description.
• Answer the questions you know first, eliminating them from both columns, and then address more difficult choices.
• If unsure, proceed with other questions and revisit later.
• It is always best to make an educated guess than to leave questions unanswered.

ONE-Word Answer Questions

• Provide only ONE concept for each description.
• Answers in the form of abbreviations, acronyms, and examples are prohibited and will result in point deductions.

Section B - Application Questions

• Section includes data response questions that requires TW0 questions to be answered.
• Answering all three results in only the first two being marked, regardless of performance.
• Excess answers will be crossed out and marked "TOO MANY QUESTIONS."

Short Answer Questions

• Beantwort die folgende vrae
• Give TWO Examples / Name TWO Establishments
• Lower order questions
• If three answers are provided, only the first two will be marked, even if the initial answers were incorrect.

Medium to High Order Questions

• Requires full sentence answers.

Data Response Questions

• Note that some questions may have little to do with the extract or data respons relate.
• The extract, picture, cartoon, table, or diagram only provides context.
• Lower order question where answers may or may not come from the extract

Description Type Questions

• Candidates describe a concept briefly in full sentences

Higher-Order Questions

• Require evaluation, analysis, or investigation.
• Candidates should write in full sentences while giving their opinion.
• Avoid listing the answer for only 1 point.

Section C: Final Year-End Exam

• Essay-type questions, TWO questions are provided and one is needed to be answered
• Writing a wrong essay will not result in points.
• Candidates answering more questions will have a line through it
• Revise with all question types that may come up

Essay Tips

• Answer the question as asked using graphs, diagrams when stated
• Has a better chance at handing the exam than on that fails to do so.
• Do not try to use the essay if you never plan to succeed
• Structuring the following words o Introduction, Body, Additional part, Conclusion

Introduction

• The description or definition related to topic being tested is a good intro The writing and definition has to complete to receive 2 points Body has to be written in full sentences

Body

• Use headings and subheadings
• 8 points are set for the headings of the list of facts and examples
• Additional Part (Higher order)
• Limited to evaluating and research questions

Conclusion

• Must connect to the body and is ranked higher

The Following Can Be Asked

• "Analyse/Review/Examine"

Evaluate

• Is determining what statement is There needs to be both positives and negatives to emphasize

What is Expected

• Positive Factors Statistics that measure most about the economy Member of South Africa hold records of national revenue The ability to measure economic income Successfully determine income growth Here is what they can do

Negative Factors

• Not everything is accurate
• Some sectors are not fully included
• It only focuses with quantity and services

Analyse/Ontleed

• Requires evaluation of how successful the specific policy was an example is industrial Development Zone
• Is the research that shows data to impact the economic growth
• Make sure is information is in your answer

Final Exam Structures

• The text includes a breakdown of the structure of the final economics examination papers, including the topics covered in each paper.

Paper 1 - Macro-Economics

• Production Factors, Economic Importance and Retribution
• Economic Cycle/ Flow of goods & services
• Economic Systems
• South Africa economic' structure

Paper 2 - Micro-economics

• Markets and of service and and goods
• market structures elasticity
• Contemporary and economical issues

Macro Economic Study Topics

• Factor - Principles, economics
• Understanding the product and help with the terminology
• Discern all non sustainable resources
• Talking about all recourses for production
• economic important

Natural Resources

• Compensation ( economic and leasing)
• Factor - asking price
• Understanding about work

Capitial

• Describe and clarify a concept accurately\categorize all three types of skill
• talk about worker as production factor

Entrepreneurs

• Describe all types with understandable facts Talk about as the factor of production

Involve with planning and active

• Ask questions for reasons why a group is considered marginalized

Marginalized economy as a group:

• Explain in small detail the reasons for those groups
• Accessibility of small work in the community

Grade 11 Economics

• Paper 1 and main subject are Macroeconomics

Economy is small and base problems

• How workforce can effect it
• Must understand information on that

List of important words

• Equal, Capatal, creation, less value, economic products etc...

Workers And Free items

• 4 main groups that can make the difference

The free items are gawes

• All work done is required for compensation.
• Main source with information of the ground to the earth

Hulpbronne and how to assist

• They are not always useful in all formats

Importance and the amount of use

• Serve as production process for every sector

Giving in other sections

• When a land has extra to work with it make the opportunity to export

What does the land consist of

• Agriculture, Forestry

Mining, High amounts of sources to work with

• Has high paying jobs
• Must bring the country for all minerals
• A major role for development

Compensation sources

• Have a ground floor to look up on

Economic Rate

• Any extra amount has to be earned

Variable factors that can impact prices

• Clima and technologies

More about labour

• Working with everyone is a must
• Can effect other people
• Intellect and programme workers

Skills of the labour

• Skilled labour
• Have good grades and 2 years more
• High class of work

Other labourers in categories

• Grade 9 workers with a understudy role.

Skills for the company

• Complete everything and start to go no matter what

Characteristics off labour

• Incom is as a job
• When doing other work it helps better.
• Can not be used more then again

Important factors to know about

• Productive, Easy for everything to fall Into place

Compeansation for labor

• Is a salary but have to check for the nominal

Capital Info

• Capital can get you what you need
• In the factory process something can be broken easily

Classified of capital

• Take all equipment for processes

Real capital

• To to get that you has to what machine has to do

All information is required

• Production and what to use

What you do in the company

• You to take into account the people

Equipment have its own value

• The machines must be well maintained because of productions
• You need lots of capital
• Easy to sell
• Not in stock pile to get too far

Easy use for any capital type

• Should the work for more processes

Work easy with what you have.

• To make production of things that is done

Function for Capital

• Make good production possible
• They can see from the inside of the company