For example, an explanation of market failure could include links to elasticity but shouldn’t go any further to explain effects on economic growth, or inflation.
The way the research question is phrased is equally important.
In my opinion, an essay with a good selection of primary data that is checked against other secondary research is a good approach.
Too often students rely on the internet for all of their secondary research.
A question which focuses on consumers in Singapore is in my opinion too broad.
Selecting a cohort of consumers, such as working age males, would be a more focused approach.They will be penalised for this approach in some of the criteria.The holistic judgment (Criteria K) is judged by the teacher and examiner and will reward students that adopt innovative or clever ways to collect data.w=300&h=300" alt="" / Since I published this post in way back in 2009 the assessment guide has changed.Please refer to this new post for up-to-date information Thanks Andrew.It has relevance to the economic concepts of demand and supply, elasticity, inflation and monopolistic competition.This topic is worthy of investigation because it is a hot media topic in Singapore, and is widely debated in the country because it’s the most expensive household asset. My focus question of this extended essay will be |To what extent does the Singapore Government’s policies on housing and immigration, help to increase the demand of the private | |property sector in the housing market?The highest level in some of these categories are easier to attain than others.For instance every student should achieve the highest level in each of the following.Limiting the number of economic concepts covered is also important.A good essay will explain one concept in sufficient depth and make links through the analysis to other related concepts.