Institute of Education Study Notes

Sunday, 15th July, 2018

Academic Zone

Economics (H): Very challenging and required a lot of lateral thinking

Leaving Certificate Economics

Reaction to Leaving Cert 2017 Economics (Higher Level) by Ray O’Loughlin, Economics teacher at The Institute of Education.

In line with recent years, this Economics exam paper was very challenging and required a lot of lateral thinking and applied knowledge. Generally students who studied the curriculum really well will be disappointed, as they didn’t get a chance to show the knowledge they had learnt.

While the appearance of topical issues on the paper is very much welcome, these issues appeared in 5 out of 8 questions in Section B, including two micro questions and also in Section A.

The paper now provides fewer opportunities for students to draw from their study of the curriculum.

Section A:

This section was reasonably fair and in line with previous years.

Section B:

Question 2, on market structure, required students to identify the artisan food market in Ireland as monopolistic competition/oligopoly, which students would have found difficult to identify.

Question 4, on national income, asked students to identify the GDP rise of 26.3% for Ireland. This required students to have knowledge of concepts such as contract manufacturing, tax inversions, aircraft leasing and relocating patents, which is surely third-level standard.

The current problem with housing and rental costs appeared on three different questions- an over-examination on housing.

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