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First page of ZIMSEC O-Level Economics Paper 3 November 2009 Marking Scheme

ZIMSEC O-Level Economics Paper 3 November 2009 Marking Scheme

Use this ZIMSEC O-Level Economics Paper 3 November 2009 marking scheme for checking answers, revision, and exam preparation in Zimbabwe.

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Exam board
ZIMSEC
Subject
Economics
Level
O-Level
Document
Marking Scheme
Paper
Paper 3
Session
November
Year
2009
File
PDF, 11 KB

About this marking scheme

This is the ZIMSEC O-Level Economics marking scheme for Paper 3 from November 2009. It shows how marks are awarded, so you can mark your own answers.

Other years: Economics O-Level

Text from the first page

ECONOMICS
SUBJECT 9158
PAPER 3
COMMENTS ON INDIVIDUAL QUESTIONS
QUESTION 1
A very popular question. Candidates displayed good knowledge of the price mechanism. Most of them failed to get highest marks possible due to lack of comparison of the price mechanism to other means of resource allocation.

QUESTION 2
a) Another popular question, though quite a good number of candidates failed to clearly explain the concepts i.e allocative efficiency and cost efficiency. Quite a good number of them just defined the terms.
b) Most candidates showed that they have good knowledge of reasons why government intervenes to control large firms. Many of them got fair marks due to lack of discussion and evaluation of these reasons.

QUESTION 3
A question attempted by many candidates. Most candidates displayed good knowledge of the concepts and some of them were able to apply the concepts to farmers exporting their produce. Most of these candidates faced difficulty in discussing the relevance of these demand elasticity concepts to the farmer.

QUESTION 4
Less popular question. A question attempted by few candidates but poorly answered. On part (a) most candidates just stated the effects thus leading to poor performance on the question.
On part (b) a good number of candidates who attempted the question showed knowledge of government policies in influencing prices of farm produce but failed to evaluate success of these policies.

QUESTION 5
A question attempted by a good number of candidates. Most of these candidates failed to score high marks. On part (a) most candidates displayed knowledge of price discrimination but failed to explain the conditions necessary. On part (b) few candidates noted that it is a two part question ie (i) whether monopolies operate efficiently on the market and (ii) whether monopolies are good for society.