kleung打字機文字Level 5 exemplar with comments

Comments The candidate: z provides precise definitions and explanations of economics terms, and applies economics

concepts accurately and comprehensively, such as with market structure in Question 2 (c), direct tax in Question 6, comparative advantage in Question 8 (a) and anti-competitive behavior in Question 13 (d).

z integrates economic terms, concepts, relationships and theory comprehensively and coherently, such as with opportunity cost in Question 1, and the exchange rate in Question 11, and monetary base and credit creation in Question 12.

z provides a logically consistent and comprehensive analysis of a wide range of economic issues, government policies and their impacts, such as by successfully analyzing the impact of inflation in Question 5 (c), the impact of falling birth rate and rising old dependency ratio in Question 10 (ab), and the effect of an open market operation in Question 12.

z demonstrates informed judgment and a comprehensive evaluation of arguments, proposals and policies from a wide range of perspectives, such as with efficiency in Question 3 and the policies in Question 7.

z applies mathematical and graphical tools accurately and comprehensively in economic analysis, such as with the demand-supply diagram in Question 9(a) and Question 11(a), the AS-AD diagram in Question 12 (c), the calculations in Question 5(a) and Question 8.

z uses precise economic vocabulary and illustrative examples extensively in a well-structured manner in the exposition of economic issues and government policies in communication with people. The overall use of language and presentation is precise and reader-friendly.