Paper three

How to write a successful paper three question

This paper is completed by higher level students only and includes a range of mathematical and short answer response questions, with a 10 mark 'policy response' paper.


How to write a successful paper three question

The questions on this paper require you to complete a series of shot answer responses involving calculations and other numerical analysis, as well as a 10 mark policy response paper.

The policy response

This is a 10 mark essay question where you will have to come up with a specific and appropriate policy that addresses the issue addressed in the question.  One thing to avoid when answering the policy response paper is the temptation to include more than one policy, when the question asks you to identify just one.  Having identified the policy e.g. expansionary fiscal policy or a price support scheme, identify the policy, then explain how and why the policy may be effective, before evaluating any limitation/weakness of the policy.



  • Unit 3: Macroeconomics model answers

    This page is the landing page for the model answers in unit 3, Macroeconomics. Answer each of the questions in this section, before checking your response against my (annotated) answer to score your own response.

  • Unit 4: Global economics model answers

    This page is the landing page for the model answers in unit 4, Global economics. Answer each of the questions in this section, before checking your response against my (annotated) answer to score your own response.  

  • Units 1-2: Microeconomics model answers

    This page is the landing page for the model answers in units 1-2, Microeconomics. Answer each of the questions in this section, before checking your response against my (annotated) answer to score your own response.