1

Public Assessment

HKDSE Econ 2012 live paper Oct 2012

Live papers Paper 1: On compulsory part of the curriculum

Answer all questions 40 multiple choice questions Account for 30% of the subject marks

(without SBA) 60 minutes

2

Live papers Paper 2 section A: On compulsory part of the curriculum Short questions All questions are compulsory 10 short questions 50 marks Account for 30% of the subject marks

(without SBA) Time recommended: <45 minutes 3

Live papers Paper 2 section B: On compulsory part of the curriculum Structured/essay-type questions All questions are compulsory 4 structured questions 54 marks Account for 31% of the subject marks

(without SBA) Time recommended: <55 minutes 4

Live papers Paper 2 section C: On elective part of the curriculum Structured/essay-type questions Attempt questions on ONE elective only

2 structured questions 16 marks each Account for 9% of the subject marks

(without SBA) Time recommended: <15 minutes

5

Paper 1

Number of sat: 20920 Overall mean score: 25 out of 40 question = 62.5%

Mean score comparable to MCQ section of AL (62%-65%) and CE (59-63%) (lastest 5 years)

6

Paper 1 Q9 Refer to the following table showing the production costs of a price-taking firm.

Total output (units) 2 3 4 5 6 Marginal cost ($) 4 6 8 10 12 Average variable cost ($) 3 4 5 6 7

Fixed cost ($) 1 1 1 1 1

If the product price is $6, A. the firm will produce 5 units of output to maximize its profit.(16%) B. the maximum profit the firm can make is $5. (39%) C. the average variable cost is $5 when the firm maximizes its profit (22%) D. the minimum total cost of the firm is $13. (23%) 7

Paper 1 Q10 Refer to the table below.

Factory A Factory B Number of workers employed 60 10 Total number of working hours 2 000 5 000 Total output (units) 12 000 20 000

Which of the following is a possible reason for the difference between the labour productivity of Factory A and Factory B?

A. Factory B provides more training for its workers.(22%) B. More machines are used in Factory B.(28%) C. The working environment in Factory A is poorer.(12%) D. Factory A pays its workers at piece rate while Factory B pays at

time rate. (38%)

8

Paper 1 Q31

In an open economy, the government expenditure is equal to tax revenue and the value of exports is equal to the value of imports. If there is an increase in private consumption expenditure, the government will have __________ and there will be __________.

A. a budget deficit … a trade deficit (17%) B. a budget deficit … a trade surplus (10%) C. a budget surplus … a trade deficit (40%) D. a budget surplus … a trade surplus (33%)

9

Paper 1 Q39

Date Exchange Rate

September 2010 HK$10 = 1 Euro July 2011 HK$11.3 = 1 Euro

The above change in the exchange rate between HK$ and the Euro will result in A. a drop in the number of tourists from Europe to Hong Kong. (4%) B. a drop in the price (in terms of HK$) of imports from Europe. (8%) C. a drop in the total value (in terms of the Euro) of imports from Europe.

(37%) D. a drop in the exchange rate of the US dollar against the Euro. (51%)

10

Paper 1 Comments Time: 40 MCQs in 60 mins Sufficient time Candidates are weaker in - Data interpretation - Application formula for calculation - Integration of topics

11

12

Paper 2 Number of sat: 21499 Overall mean score: 57%

Paper 2 Marking Onscreen Marking System (OSM) Scanned images Markers mark in Assessment Centres: FH, SPK, LK, TW, TH, ST, SS Section A1, A2, B1, B2, C Each Marker marking 16-27 marks 800 to 1000 script Increase reliability

13

Paper 2

Welcome the Assistant Examiners to comment on the candidates performance by Section:

Section A1: (Q1, 6-9) Section A2: (Q2-5) Section B1: (Q10-11) Section B2: (Q12-13) Section C: (Q14-15)

14

Paper 2

General reminder: Please don’t use colour to indicate the

areas in the diagram Don’t successively use symbols in the

answer. Express the answer in a

comprehensible way: rough work write not in the designated spaces will NOT be marked.

15

Paper 2 Overall comments

Time allocation Simply regurgitating concepts and

theories (but not precise enough) Read questions carelessly Poor presentation Graphs and handwriting Lack awareness of current economic

issues

16

Grading - paper marks and subject marks Raw mark of Paper 1 (max mark): 40 Raw mark of Paper 2 (max mark): 124 Adjusted mark: Marks awarded by markers

are adjusted, if necessary, to rectify lenient, strict or erratic marking.

Weighted paper mark: Marks of different papers are converted to the samecomparable scale, taking into account thespread of marks in different papers and the published paper weightings, before they arecombined to form the subject mark.

17

Grading - Grading procedures http://www.hkeaa.edu.hk/tc/hkdse/The_Report

ing_System/ 1. Sample scripts selection 2. Standardisation 3. Post-marking exercise:

The grading panel will discuss and suggest a provisional grading recommendation (including prepliminary cut score range) on each paper through expert judgment base on:

18

Grading – Post-marking exercise

The level descriptors The standards of 2011 ALE (library scripts) The standard of 2010 HKCEE (library scripts) Marked-live scripts, selected according to the total

marks Feedback from markers on the level of difficulty of

papers Inter-paper correlations, the mean and standard

deviation of the current year’s papers Paper mark cumulative distributions Performance samples from the HKDSE SRR

information Packages

19

Grading – Panel of judges grading meeting • prepliminary cut score range • Samples scripts around the cut score range • Group ability index:

- constructed per level - An index for each level based on the

number of candidates in this group (this subject) achieving that particular level in the four core subjects

- depends on the correlation of the subject and EACH of the 4 core subjects

20

Grading – Panel of judges grading meeting Panel of judges considers: • preliminary cut score range • Samples scripts around the cut score range • Group ability index (GAI) as reference

Recommendation for the cut score for the subject

• The panel of judges plays a very important and independent role in setting a cut score for each level based on the actual performance of candidates

21

Grading – Internal meeting and Public Examinations Board meeting

• Internal meeting: A senior management team led by Secretary General of the Authority will meet to review the recommendations of individual subject panels.

• PEB meeting: The recommendations of the internal meeting will be reviewed at the PEB meeting and the final cut scores of all HKDSE subjects must be endorsed at this meeting.

22

Grading – Determination of level 5** and 5* • Statistically determined • The highest 10% (approximately) of level 5

candidates will be awarded 5** • The next highest-achieving 30%

(approximately) of level 5 candidates will be awarded 5*

23

Acknowledgment Mr. Chan Chi Yuen

Ms Joanna Pun Mr. Chan Mun Tak

Ms. Lau Yin Ling Ms. Tseng Lai On Ms. Piano Lo Mr. Ng Man Ho

24

Acknowledgment Ms. Man Kam Fun Mr. William Au Mr. Wong Wing Chung Mr. Pang Ying Yeung Mr. Chan Wai Kit

Heung To Middle School Po Chiu Catholic Secondary School

25