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QUESTION ANALYSIS SKILLS TUTORIAL

This tutorial provides a comprehensive guide for identifying and unpacking keywords in economic analysis questions, focusing on the comparison between market mechanisms and state planning. By examining the scope of 'what, where, when, why, and how,' students learn to dissect complex questions, consider varying economist viewpoints, and formulate structured, balanced arguments. Key concepts include the definitions of economic efficiency and the implications of adopting a market-based approach over traditional state-planning methods. Engage in critical thinking to evaluate both the benefits and costs associated with each economic system.

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QUESTION ANALYSIS SKILLS TUTORIAL

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  1. QUESTION ANALYSIS SKILLS TUTORIAL

  2. TIME TO PRACTICE • Identifying and unpackingkeywords in the question in order to select relevant concepts and theoriesfor application, analysis and evaluation: • - Topic Words • - Scope: What, When, Who, Where, Why and How

  3. 1. IDENTIFYING KEY WORDS Preamble: A number of centrally planned economies have recently introduced elements of the market mechanism into their economic systems. Question: To what extent could the market mechanism be superior to state planning as a means of achieving economic efficiency?

  4. 1. IDENTIFYING KEY WORDS Preamble: A number of centrally planned economies have recently introduced elements of the market mechanism into their economic systems. Question: To what extent could the market mechanism be superior to state planning as a means of achieving economic efficiency?

  5. 1. IDENTIFYING KEY WORDS Preamble: A number of centrally planned economies have recently introduced elements of the market mechanism into their economic systems. Question: To what extent could the market mechanism be superior to state planning as a means of achieving economic efficiency?

  6. 1. IDENTIFYING KEY WORDS Preamble: A number of centrally planned economies have recently introduced elements of the market mechanism into their economic systems. Question: To what extent could the market mechanism be superior to state planning as a means of achieving economic efficiency?

  7. 2. Topic words & Scope To what extent could the market mechanism be superiorto state planning as a means of achieving economic efficiency? • Topic words: market mechanism • Scope: where, what, how • Where: centrally planned economies • What: superior • How: economic efficiency

  8. 3. Higher-order 'what' questions • provide a balanced response to analyse and evaluate both thepositiveand negativeaspects about the topic • consider differenteconomists’points of view&arrive at a conclusion.

  9. 3. Higher-order 'what' questions • Helping questions: • What are the assumptions? • What are the different points ofview? • What is the conclusion?

  10. 3. Higher-order 'what' questions • Helping questions: • What are the assumptions? ? • To what extent could the market mechanism be superiorto state planning as a means of achieving economic efficiency • Assumptions: • State planning is inefficient while market mechanism is efficient • Economic efficiency is important

  11. Positive / Negative Benefits / costs Long Term / Short Term Internal / External Mitigating solutions/ no solutions Recommendation

  12. POINTS OF VIEW / CONSEQUENCES  SOCIAL  POLITICAL / PSYCHOLOGICAL SPERM  ECONOMICAL / EDUCATIONAL  RACIAL / RELIGIOUS  MEDIA / MORAL

  13. POINTS OF VIEW / CONSEQUENCES

  14. POINTS OF VIEW / CONSEQUENCES

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