The syllabus sets out the three assessment objectives in Cambridge O Level Economics.
Assessment Objective
|
Particulars
|
1. Knowledge with understanding
|
Demonstrate your knowledge and understanding of economic:
• facts
• definitions
• concepts
• principles
• theories
• vocabulary and terminology
|
2. Analysis
|
You should be able to:
• select data
• organize data
• interpret data
Apply economic knowledge and understanding in:
• writing
• numbers and calculations
• diagrams
• graphs
Use economic data to:
• recognize patterns
• find and show economic relationships
|
3. Critical evaluation and decision-making
|
You should be able to:
• distinguish between evidence and opinion
• make reasoned
• communicate judgements accurately and logically
• recognize that economic theory has various limitations and uncertainties
• evaluate the social and environmental implications of particular courses of economic action
• draw conclusions from economic information and critically evaluate economic data
• communicate conclusions in a logical and concise manner
|
The following table shows the relationship between the assessment objectives and the different examination papers.
Assessment Objective
|
Paper 1 (%)
|
Paper 2 (%)
|
Overall (%)
|
1. Knowledge with understanding
|
45 ± 5
|
20 ± 5
|
28 ± 5
|
2. Analysis
|
55 ± 5
|
35 ± 5
|
41 ± 5
|
3. Critical evaluation and decision-making
|
00
|
45 ± 5
|
31 ± 4
|
The assessment objectives are weighted to give an indication of their relative importance. They are not intended to provide a precise statement of the number of marks allocated to particular assessment objectives.
 Assessment Objectives and their Weight){kind=link}