2281_s26_ms_11 2026 May-June Economics 2281 Mark Scheme 1 Variant 1 · Cambridge CAIE O Level

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2281_s26_ms_112026 May-June Economics 2281 Mark Scheme 1 Variant 1

This is the official Cambridge mark scheme for Economics (2281) Mark Scheme 1 (Variant 1) from the 2026 May-June session. Mark schemes show exactly how each mark is awarded, including acceptable alternative answers, required key terms, and common errors that lose marks. Cambridge mark schemes use notation like "allow," "accept," and "do not credit" to define the boundary between full marks and zero.

Also referenced as: 2281_s26_ms_11 · 2281/11/m/j/26 ms · 2281/11 May/June 2026 ms

Paper 1: Multiple Choice This is Paper 1: Multiple Choice, worth 30 marks with a duration of 45m. 30 multiple-choice questions covering the full syllabus. No penalty for wrong answers — always attempt every question. Requires careful reading of stems that include numerical data, diagrams, and graphs, with special attention to bolded text.

This mark scheme corresponds to 2281_s26_qp_11. For maximum revision benefit, attempt the question paper under strict exam conditions first, then use this mark scheme to self-assess. Pay attention to the marking notation: "allow" means an alternative is accepted, "do not credit" means a specific phrasing is rejected even if technically correct, and "ORA" (or reverse argument) means the mark can also be earned with the opposite reasoning.

Cambridge mark schemes reward precise language. For Economics (2281), look for keywords the examiner requires — definitions must include specific terms (e.g., "per unit mass," "resultant"), and calculations must show working even if the final answer is correct. Understanding mark scheme conventions helps you write answers that hit every marking point, not just the general idea.

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Same paper, other years

Economics (2281) Mark Scheme 1 (Variant 1) from other exam sessions — practise the same paper across the years, then check each one against its mark scheme.

Examiner Insights — Paper 1: Multiple Choice

Based on analysis of 4 official Cambridge documents (2023, 2024, 2025)

2

Confusing a movement along a demand curve with a shift of demand

Those candidates who chose option D confused a movement along a demand curve with a shift of demand. When the demand curve shifts, it is referred to as an increase in demand. A movement along a demand curve is referred to as an extension of demand.2281 Paper 11, May/June 2023

How to fix: A SHIFT of demand (increase/decrease) is caused by non-price factors (income, tastes, substitutes, complements, population). A MOVEMENT along the demand curve (extension/contraction) is caused only by a change in the good's own price. If the question says 'increase in demand' it means the whole curve shifts. If it says 'extension of demand' it means price fell and quantity demanded rose along the same curve.

6

Unable to distinguish monetary policy from fiscal policy

Candidates had to distinguish monetary policy measures from fiscal policy measures. Only option B has two examples of monetary policy. Those candidates who did not choose option B may well have omitted to notice that the question referred only to monetary policy.2281 Paper 11, May/June 2023

How to fix: Monetary policy = actions by the central bank affecting interest rates, money supply, and credit (e.g. changing the bank rate, quantitative easing, reserve requirements). Fiscal policy = government decisions on taxation and spending (e.g. income tax rates, government expenditure on infrastructure). Make a two-column list and memorise which tools belong to which policy.

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All Economics (2281) Papers — 2026 May-June

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Economics Exam Guide: How to Score Higher

Top mistakes, scoring patterns & answer frameworks from 4 official Cambridge documents