Mark Scheme(Results) - Edexcel

Mark Scheme(Results)

Summer 2018

Pearson Edexcel GCE A Level In Economics B (9EB0) Paper 01 Markets and how they work

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Summer 2018 Publications Code 9EB0_01_1806_MS All the material in this publication is copyright ? Pearson Education Ltd 2018

General Marking Guidance

All candidates must receive the same

treatment. Examiners must mark the first candidate in

exactly the same way as they mark the last.

Mark schemes should be applied positively. Candidates must be rewarded for what they have shown they can do rather than penalised for omissions.

Examiners should mark according to the mark

scheme not according to their perception of where the

grade boundaries may lie.

There is no ceiling on achievement. All marks on the

mark scheme should be used appropriately.

All the marks on the mark scheme are designed to be awarded. Examiners should always award full marks if deserved, i.e. if the answer matches the mark scheme. Examiners should also be prepared to award zero marks if the candidate's response is not worthy of credit according to the mark scheme.

Where some judgement is required, mark schemes will provide the principles by which marks will be awarded and exemplification may be limited.

When examiners are in doubt regarding the

application of the mark scheme to a candidate's response,

the team leader must be consulted.

Crossed out work should be marked UNLESS the

candidate has replaced it with an alternative response.

Section A

Question Number 1(a)

Indicative content Knowledge/Understanding 1, Application 3,

Knowledge/Understanding: 1 mark for formula Original revenue + (original revenue x % increase) (1)

Application: Up to 3 marks for calculations

?1.5m x 12% = ?180 000 (1) ?1.5m + ?180 000 (1)

= ?1 680 000 (1)

Mark

NB if no working is shown award marks as below:

If the answer given is ?1 680 000 or ?1.68m award 4

marks

If the answer given is 1 680 000 or 1.68m award 3

(4)

marks

Question Number 1(b)

Indicative content

Knowledge/understanding 1, Application 2, Analysis 1

Mark

Knowledge/understanding: up to 1 mark for explaining the cost e.g. the overconsumption of sugar by consumers may create an external cost such as increased expenditure for healthcare (1).

Application: up to 2 marks are available for contextualised answers, e.g. sugar is seen as a cause of obesity and related illnesses (1). Too much sugar may lead to tooth decay especially amongst young people (1).

Analysis: Up to 1 mark available for developing

the connection, these external costs are reflected

in higher hospital and dental expenditure for the

(4)

government (1).

Question Number

1(c)

Indicative content

Mark

Knowledge/understanding 1, Application 2, Analysis 1

Knowledge/understanding: 1 mark for giving one supply factor which may have caused fluctuations in sugar prices such as poor weather (1).

Application: up to 2 marks are available for contextualised answers, e.g. sugar prices increased in 2009 from approximately 11 cents to approximately 25 cents in 2010 (1) poor weather causes lower yields of sugar (1).

Analysis: 1 mark available for developing the

connection, e.g. this is likely to have caused an inward

shift of the supply curve which decreases the quantity

(4)

and increases the price (1).

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