Evaluation in Economics

EVALUATION IN ECONOMICS

What is an evaluation?

An evaluation tells an examiner where to focus attention by directing them to your way of answering the question

Evaluate throughout your essay and in your judgement

How to evaluate

1. Prioritise points in order of importance – weigh up and prioritise points on either side of the argument using real world evidence / application to support your arguments

2. Consider time periods – short run and long run impacts – nothing in economics is certain, things change overtime so this is a good evaluation point

3. Question your assumptions – do the assumptions hold? Can the assumptions be broken down?

4. Stakeholders – consider and explain the impacts on different stakeholders (who will benefit and who will lose out?)