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Leaving Cert economics: Topical paper features Airpods, Brexit and tracker mortgages | 9L0-004 Cheatsheet and Latest Topics

the first Leaving Cert economics paper in keeping with a brand new syllabus turned into “fair but difficult”, based on academics.

This yr, for the primary time, students had already achieved a analysis venture price 20 per cent of overall marks.

Maireád O’Sullivan, an economics instructor at Glenstal Abbey college, mentioned the new-seem paper was easy for college students to navigate and scholar-pleasant with references to Apple Airpods and ps5 gaming consoles.

“It included lots of topical considerations which students would have found very exciting corresponding to world plane market, organisation tax, Brexit, the tracker loan scandal and imperative bank regulation,” stated Ms O’Sullivan, who's spokesperson for the business stories academics’ affiliation of eire in Limerick.

She referred to the paper would have “made college students consider and apply their abilities”.

whereas the new structure of the test may have posed challenges, Ms O’Sullivan observed the use of vibrant and engaging infographics and graphs made it extra interactive and interesting,

It additionally required plenty greater software of expertise and become less emphasis on rote realized fabric.

Keith Hannigan, economics trainer at Dublin’s Institute of training, noted the mood among college students in increase become a combination of exhilaration and apprehension.

in the end, he said, it was “a plenty nicer paper” than the pattern paper provided prior in the year.

“The option that students had this 12 months would have made it very obtainable for respectable college students,” he mentioned.

section A: short questions

as a result of changes this year, students needed to answer 5 out of ten questions. at all times they aren't supplied with any choice.

The questions were very topical and ranged from expense discrimination relating to Netflix to the tracker mortgage scandal.

Mr Hannigan noted: “The short questions have been trying out, there was no room for waffle and students would really want to have regularly occurring their fabric and be smartly prepared.”

He pointed out a query four on cigarettes and “demerit”, or hazardous, goods became enjoyable, however the reference to “demerit” may have caught some students out.

Any student who studied banks could have favored question 5 which checked out KBC bank, the tracker mortgage scandal, why banks may still be regulated and the tasks of the primary financial institution.

The query on the Human building Index (HDI) changed into “amazing”, he pointed out.

“here's a extremely contemporary method of measuring human welfare and the common of living of individuals in quite a few countries, schooling, life expectancy and cash,” he spoke of.

Some students can also have struggled with question 7, which concentrated on gross debt per adult and price range surpluses in each country.

Given the alternative on present, many may additionally have opted for “wonderful” questions on utility - question eight - and market structures - query 9.

Ms O’Sullivan stated some academics felt students may additionally have discovered query 10 challenging, which sought the old factors for the style in the ECB expense, although there changed into a graph to aid.

section B: prolonged response questions

due to adjustments this yr, students must answer three out of six prolonged response questions. continually they should reply four out of five.

Ms O’Sullivan referred to whereas important pondering become required, many scholar-pleasant eventualities were there to encourage this, she said , such as the terrible multiplier impact of big businesses equivalent to Google withdrawing from their condominium property contracts in Dublin right through 2020.

college students would even have favored the question on rate elasticity of demand in the context of Apple Airpods.

Mr Hannigan observed college students could have appreciated the topical question on globalisation, a brand new theme on the syllabus.

“The second a part of the question concentrated on service provider tax in the case of ireland and the eu. The closing part of the query became on Brexit. students would in reality have favored this question,” he mentioned.

they've have confronted more challenges in query 14, which focused on inflation and the consequences of low inflation.

“The second part of the question become rather problematic and focused on funding in broadband and trying to boost ireland’s competitiveness,” he referred to.,

question 15 - which looked at no matter if GDP or GNI became a more robust indicator of how Irish citizens are doing - may additionally even have posed problems.

“ The ultimate a part of the question concentrated on the poor multiplier effect of Google withdrawing from its apartment property contracts. poor multiplier effects despite the fact might had been off-inserting for some students,” Mr Hannigan mentioned.

average, Ms O’Sullivan spoke of academics have observed that this 12 months’s paper turned into greater concentrated on interpretation and evaluation with many clear and vibrant infographics from the CSO and elsewhere.

Some additionally felt there was greater of a focus on the macro side of the path than the micro aspect, but the degree of choice became to the pupil’s abilities.

She additionally welcomed the mixing of strands within the test which made the software of expertise “extra like ‘true lifestyles’ economics”.

“Many new features of the course had been seen within the test for the first time such as demerit items, the HHI, market failure HDI and globalisation and there changed into a major reduction in definition questions and rote learning,” she noted.

Ms O’Sullivan introduced that some lecturers have been worried that there have been no marks seen inside questions (only marks at the conclusion of the complete question) .

“this could were a much bigger problem regarding the timing of solutions however the alternative this yr alleviated this problem,” she pointed out.

try this at domestic:- Leaving Cert economics (larger degree)

opt for whether each of the following statements are normative statements or high-quality statements:

* If the Irish executive increase jobseeker’s allowance by way of 5% within the 2022 finances, unemployment in ireland will raise with the aid of at least 2% by 2023.* They must do greater for the less neatly off in society.

* The executive should have increased unemployment advantage by means of more than €0.10 this 12 months.

* sales of latest automobiles in ireland diminished throughout 2020.

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