9708_s16_ms_42.pdf - Cambridge International Examinations Cambridge International Advanced Subsidiary and Advanced Level ECONOMICS 9708\/42 May\/June 2016

9708_s16_ms_42.pdf - Cambridge International Examinations...

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© Cambridge International Examinations 2016 Cambridge International Examinations Cambridge International Advanced Subsidiary and Advanced Level ECONOMICS 9708/42 Paper 4 Data Response and Essays May/June 2016 MARK SCHEME Maximum Mark: 70 Published This mark scheme is published as an aid to teachers and candidates, to indicate the requirements of the examination. It shows the basis on which Examiners were instructed to award marks. It does not indicate the details of the discussions that took place at an Examiners’ meeting before marking began, which would have considered the acceptability of alternative answers. Mark schemes should be read in conjunction with the question paper and the Principal Examiner Report for Teachers. Cambridge will not enter into discussions about these mark schemes. Cambridge is publishing the mark schemes for the May/June 2016 series for most Cambridge IGCSE ® , Cambridge International A and AS Level components and some Cambridge O Level components.
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Page 2 Mark Scheme Syllabus Paper Cambridge International AS/A Level – May/June 2016 9708 42 © Cambridge International Examinations 2016 Section A 1 (a) Lower deposits, low interest rate, relaxing of planning regulations, monetary policy, export led growth, government scheme, fixed interest rates, increased demand for housing. (1 + 1) [1] (b) It was thought to be an improvement because it would increase in demand, increase in growth, wealth effect, employment and incomes. Simple linkage e.g. demand increases leads to economic growth (max 3 +2 for further elaboration.) [5] (c) Not necessarily linked to income growth, average house prices risen to seven times the average wage, there is an increase in debt which is excessive compared with incomes, creates inequality in wealth, might easily reverse – as in Spain and Netherlands – causing financial crisis, not stable in the long term. (5 marks for identifying contradictions +1 for conclusion.) [6] (d) 2 marks for identifying aims, 3 marks for linking 2 models to an aim + 2 marks for second aim / models link [7]
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Page 3 Mark Scheme Syllabus Paper Cambridge International AS/A Level – May/June 2016 9708 42 © Cambridge International Examinations 2016 Section B The essay questions carry a maximum mark of 25. Try not to ‘bunch’ marks, but use the whole mark range. If there is any doubt in your mind, give the benefit of doubt to the candidate. The difference in grades should be assessed on the ability of the candidate to demonstrate the various objectives of the examination listed in the syllabus and not purely on the ability to itemise further facts from the content of the syllabus. Marks should be awarded for the ability to demonstrate that aim b) of the syllabus has been achieved as well as aim a) – which refers to content knowledge. It is the objective of the examination, as listed in the syllabus, to assess both these aims.
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