Pearson Edexcel Level 3 Advanced GCE in
Economics A
What is the paper code for Paper 3 of the Advanced GCE in
Economics?>>100%CorreCtanswers>>The paper code for
Paper 3 is 9EC0/03.
What is the significance of the QN in relation to
funding?>>100%CorreCtanswers>>The QN is used for all
qualification funding purposes, including eligibility for 16-18
and 19+ funding.
What is the registration number for Pearson Education
Limited?>>100%CorreCtanswers>>The registration
number is 872828.
What is the VAT registration number for Pearson Education
Limited?>>100%CorreCtanswers>>The VAT Reg No is GB
278 537121.
,What does the ceteris paribus assumption imply in economic
modeling?>>100%CorreCtanswers>>It implies that all
other variables are held constant while analyzing the effect of
one variable.
Why can't economics conduct scientific experiments like other
sciences?>>100%CorreCtanswers>>Due to the complexity
of human behavior and the influence of numerous variables.
What is the distinction between positive and normative
economic statements?>>100%CorreCtanswers>>Positive
statements are objective and fact-based, while normative
statements are subjective and involve value judgments.
How do value judgments influence economic decision-
making?>>100%CorreCtanswers>>They shape policies
and decisions based on personal beliefs about what is desirable
or undesirable.
What is the economic problem of
scarcity?>>100%CorreCtanswers>>It arises from
unlimited wants and finite resources.
,What is the purpose of the codes provided for reference in the
qualification
documentation?>>100%CorreCtanswers>>These codes
are for reference purposes; students do not need to be entered
for individual papers.
What must candidates do if their calculator is not functioning
during an examination?>>100%CorreCtanswers>>An
invigilator may give a student a replacement calculator.
What are the cognitive skills outlined in the
framework?>>100%CorreCtanswers>>Non-routine
problem solving, systems thinking, critical thinking, and ICT
literacy.
What does non-routine problem solving
involve?>>100%CorreCtanswers>>Expert thinking,
metacognition, and creativity.
What is systems thinking in the context of the skills
framework?>>100%CorreCtanswers>>It involves decision
making and reasoning.
, What is critical thinking defined as in the skills
framework?>>100%CorreCtanswers>>It involves general
cognitive skills such as analyzing, synthesizing, and reasoning.
What does ICT literacy
encompass?>>100%CorreCtanswers>>Accessing,
managing, integrating, evaluating, constructing, and
communicating information.
What interpersonal skills are included in the
framework?>>100%CorreCtanswers>>Communication,
relationship-building skills, and collaborative problem solving.
What is the full title of the qualification mentioned in the
notes?>>100%CorreCtanswers>>Pearson Edexcel Level 3
Advanced GCE in Economics A.
What is the significance of the Ofqual Regulated Qualifications
Framework (RQF) code?>>100%CorreCtanswers>>The
RQF code is associated with the qualification's regulatory status
and funding eligibility.
Economics A
What is the paper code for Paper 3 of the Advanced GCE in
Economics?>>100%CorreCtanswers>>The paper code for
Paper 3 is 9EC0/03.
What is the significance of the QN in relation to
funding?>>100%CorreCtanswers>>The QN is used for all
qualification funding purposes, including eligibility for 16-18
and 19+ funding.
What is the registration number for Pearson Education
Limited?>>100%CorreCtanswers>>The registration
number is 872828.
What is the VAT registration number for Pearson Education
Limited?>>100%CorreCtanswers>>The VAT Reg No is GB
278 537121.
,What does the ceteris paribus assumption imply in economic
modeling?>>100%CorreCtanswers>>It implies that all
other variables are held constant while analyzing the effect of
one variable.
Why can't economics conduct scientific experiments like other
sciences?>>100%CorreCtanswers>>Due to the complexity
of human behavior and the influence of numerous variables.
What is the distinction between positive and normative
economic statements?>>100%CorreCtanswers>>Positive
statements are objective and fact-based, while normative
statements are subjective and involve value judgments.
How do value judgments influence economic decision-
making?>>100%CorreCtanswers>>They shape policies
and decisions based on personal beliefs about what is desirable
or undesirable.
What is the economic problem of
scarcity?>>100%CorreCtanswers>>It arises from
unlimited wants and finite resources.
,What is the purpose of the codes provided for reference in the
qualification
documentation?>>100%CorreCtanswers>>These codes
are for reference purposes; students do not need to be entered
for individual papers.
What must candidates do if their calculator is not functioning
during an examination?>>100%CorreCtanswers>>An
invigilator may give a student a replacement calculator.
What are the cognitive skills outlined in the
framework?>>100%CorreCtanswers>>Non-routine
problem solving, systems thinking, critical thinking, and ICT
literacy.
What does non-routine problem solving
involve?>>100%CorreCtanswers>>Expert thinking,
metacognition, and creativity.
What is systems thinking in the context of the skills
framework?>>100%CorreCtanswers>>It involves decision
making and reasoning.
, What is critical thinking defined as in the skills
framework?>>100%CorreCtanswers>>It involves general
cognitive skills such as analyzing, synthesizing, and reasoning.
What does ICT literacy
encompass?>>100%CorreCtanswers>>Accessing,
managing, integrating, evaluating, constructing, and
communicating information.
What interpersonal skills are included in the
framework?>>100%CorreCtanswers>>Communication,
relationship-building skills, and collaborative problem solving.
What is the full title of the qualification mentioned in the
notes?>>100%CorreCtanswers>>Pearson Edexcel Level 3
Advanced GCE in Economics A.
What is the significance of the Ofqual Regulated Qualifications
Framework (RQF) code?>>100%CorreCtanswers>>The
RQF code is associated with the qualification's regulatory status
and funding eligibility.
