By Jewel Famaks
A-Level Economics Masterclass Workbook
A 25-marker in A-Level Economics assesses four core skills: Knowledge, Application,
Analysis, and Evaluation (KAAE).
Examiners are looking for:
● Clear structure and logical argument
● Accurate use of economic terminology and theory
● Real-world examples to support points
● Balanced evaluation and a justified conclusion
HOW TO SCORE HIGHLY:
PY
KNOWLEDGE:
Start with a clear definition of key terms from the question.
Use correct terminology like "externalities", "opportunity cost", "productive efficiency", etc.
Label diagrams correctly — axes, curves, equilibrium points.
O
APPLICATION:
Refer to actual events (e.g., UK interest rates in 2024, government green subsidies).
Tailor your points to the industry or situation mentioned in the question (e.g., housing market,
C
labour shortages).
Avoid generic phrases — be precise.
T
ANALYSIS:
Structure points with connectives: “leads to”, “results in”, “consequently”, “therefore”.
Use diagrams where relevant (e.g., supply & demand, externalities, AD/AS, labour market).
O
Analyse from multiple sides — e.g., consumers vs producers.
Evaluation Techniques
N
Use the PIGMAP technique to evaluate effectively:
● Perspective: Consider short-term vs long-term effects.
● It depends: Evaluate with context (e.g. elasticity, state of the economy).
o
● Graphs: Can a diagram strengthen the analysis?
● Magnitude: How significant is the effect?
D
● Assumptions: What assumptions does the theory rely on?
● Prioritisation: Which factor is most important?
TIPS FOR INTEGRATING EVALUATION
1. Use PIGMAP in your evaluation, not your analysis i.e. make sure the technique
is judging the impact, not just describing a chain of reasoning.
● Don’t say: “Taxes reduce consumption due to higher prices” (that’s analysis).
Do say: “However, the magnitude of the tax may not be sufficient to significantly
reduce smoking if demand is inelastic.”
Contact Tutor via SuperProf -
https://www.superprof.co.uk/engaging-tuition-business-and-economics-gcse-level-with-first-class-international-business-graduate.html
A-Level Economics Masterclass Workbook
A 25-marker in A-Level Economics assesses four core skills: Knowledge, Application,
Analysis, and Evaluation (KAAE).
Examiners are looking for:
● Clear structure and logical argument
● Accurate use of economic terminology and theory
● Real-world examples to support points
● Balanced evaluation and a justified conclusion
HOW TO SCORE HIGHLY:
PY
KNOWLEDGE:
Start with a clear definition of key terms from the question.
Use correct terminology like "externalities", "opportunity cost", "productive efficiency", etc.
Label diagrams correctly — axes, curves, equilibrium points.
O
APPLICATION:
Refer to actual events (e.g., UK interest rates in 2024, government green subsidies).
Tailor your points to the industry or situation mentioned in the question (e.g., housing market,
C
labour shortages).
Avoid generic phrases — be precise.
T
ANALYSIS:
Structure points with connectives: “leads to”, “results in”, “consequently”, “therefore”.
Use diagrams where relevant (e.g., supply & demand, externalities, AD/AS, labour market).
O
Analyse from multiple sides — e.g., consumers vs producers.
Evaluation Techniques
N
Use the PIGMAP technique to evaluate effectively:
● Perspective: Consider short-term vs long-term effects.
● It depends: Evaluate with context (e.g. elasticity, state of the economy).
o
● Graphs: Can a diagram strengthen the analysis?
● Magnitude: How significant is the effect?
D
● Assumptions: What assumptions does the theory rely on?
● Prioritisation: Which factor is most important?
TIPS FOR INTEGRATING EVALUATION
1. Use PIGMAP in your evaluation, not your analysis i.e. make sure the technique
is judging the impact, not just describing a chain of reasoning.
● Don’t say: “Taxes reduce consumption due to higher prices” (that’s analysis).
Do say: “However, the magnitude of the tax may not be sufficient to significantly
reduce smoking if demand is inelastic.”
Contact Tutor via SuperProf -
https://www.superprof.co.uk/engaging-tuition-business-and-economics-gcse-level-with-first-class-international-business-graduate.html
