2017 H2 Economics Paper 2 Essay 3: Suggested Answers
How to use these essay answers. The responses below, including the part (a) answer, are structured guides to the requirements of the question, the content, analysis and evaluation a strong answer must cover, rather than full essay prose with a written introduction and conclusion. Use them to see what to include and how to build the argument, then write it up in your own continuous prose, adding your own introduction and conclusion.
This single part 25 mark essay asks for an assessment of how effective the policies available to the Singapore government are in overcoming market failure in the land transport market, where car use generates negative externalities and public transport generates positive externalities.
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Government policies to restrict the use of cars and encourage the public to use the Mass Rapid Transit (MRT) system continue to be a source of heated debate in Singapore. Assess the effectiveness of the policies available to the Singapore government in overcoming market failure in Singapore's land transport market.
- Set up the market failure: identify the negative externality from car use and the positive externality from public transport, each with a diagram described in words.
- Evaluate a market based pricing policy on how well it internalises the externality, then note its limitations.
- Evaluate a quantity control policy on the vehicle population, then note what it leaves unaddressed.
- Evaluate a public transport enhancement policy as a longer run alternative, then note its time lag.
- Weigh the policies against one another and stress their interdependence as a package.
- Reach an evaluative judgment on the overall effectiveness of the policy mix.
This part is gated. The full model answer with the worked externality diagrams and the evaluation, with the diagrams and the full evaluation, is in the ETG TYS Answers book from SAP and is worked live in the TYS Crashcourse. ETG students also get the AI TYS coach that guides them through this exact question. Message the team to find out more.
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Where can I get the full worked answers to the 2017 H2 Economics paper 2 essay 3?
The full model answers, with the diagrams and the higher mark evaluation, are in the ETG TYS Answers book published by SAP and sold at Popular, and are worked live in the TYS Crashcourse. Every ETG student also gets the AI TYS coach on our learning management system, which guides you through how to tackle every essay and every case study question from the last ten years.
Are these the official 2017 A Level Economics answers?
No. SEAB sets and marks the A Level paper. These are suggested answers by Mr Eugene Toh, author of the H1 and H2 A Level Economics TYS answer keys, published by SAP and sold at Popular.
How should I use these suggested essay answers?
Treat them as a guide to the requirements of the question, the content, analysis and evaluation a strong answer must cover, not as full essay prose. Write the essay up in your own continuous prose, with your own introduction and conclusion.
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