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Date May 2018 Marks available 10 Reference code 18M.1.HL.TZ2.3
Level Higher level Paper Paper 1 Time zone Time zone 2
Command term Explain Question number 3 Adapted from N/A

Question

Explain why structural unemployment might occur in an economy.

[10]
a.

Evaluate government policies to deal with the different types of unemployment.

[15]
b.

Markscheme

Answers may include:

Marks should be allocated according to the Paper 1 markbands for May 2013 forward, part A.

a.

Answers may include:

Examination may include: the effectiveness of fiscal, monetary and supply-side policies in terms of dealing with the different types of unemployment including the limitations of using demand management to deal with anything other than cyclical unemployment and the suitability of various supply-side policies. In addition, the short-run/long-run implications of using demand management and supply-side policies may be evaluated.

Examiners should be aware that candidates may take a different approach which, if appropriate, should be rewarded.

Opinions or conclusions should be presented clearly and should be supported by appropriate examples.

Marks should be allocated according to the Paper 1 markbands for May 2013 forward, part B.

b.

Examiners report

[N/A]
a.
[N/A]
b.

Syllabus sections

Last exams 2021 » Section 2: Macroeconomics » 2.3 Macroeconomic objectives » Low unemployment » Types and causes of unemployment
Last exams 2021 » Section 2: Macroeconomics » 2.3 Macroeconomic objectives » Low unemployment
First exams 2022 » Unit 3: Macroeconomics » 3.3 Macroeconomic objectives » 3.3.2 Low unemployment
Last exams 2021 » Section 2: Macroeconomics » 2.3 Macroeconomic objectives
First exams 2022 » Unit 3: Macroeconomics » 3.3 Macroeconomic objectives
Last exams 2021 » Section 2: Macroeconomics
First exams 2022 » Unit 3: Macroeconomics
First exams 2022
Last exams 2021

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