2017 H2 Economics Paper 2 Essay 4: 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 a discussion of the various causes of unemployment, including cyclical, structural and frictional, and the economic policies that would help an economy achieve full employment in today's globalised world.
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High rates of unemployment remain a major issue in many economies of the world. An understanding of various causes of unemployment is needed in order for a government to decide on the economic policies that would help its economy achieve full employment. Discuss the various causes of unemployment and the economic policies that would help to achieve full employment in today's globalised world.
- Define unemployment and full employment, then set out the three types of unemployment to be examined.
- Explain cyclical unemployment with a diagram in words, and pair it with the demand side policy that addresses it.
- Explain structural unemployment, and pair it with the supply side policy that addresses it.
- Explain frictional unemployment, and the information based measures that reduce it.
- Weigh demand management against supply side policy on which causes each is suited to and on timing.
- Reach an evaluative judgment on the policy mix needed to approach full employment in a globalised world.
This part is gated. The full model answer with the worked aggregate demand analysis 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.
Tests: Unemployment, Fiscal policy
Questions students ask
Where can I get the full worked answers to the 2017 H2 Economics paper 2 essay 4?
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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