Subject-specialist worked solutions — every mark explained. Topical & Yearly Solved, Revision Notes, Predicted Papers. Explore →

PapersDaddy
Browse Past Papers

4EC0/01 — January 2014 Edexcel International GCSE (IGCSE) Economics · Paper 2 · Mark Scheme

Loading document...

January-2014-MS---Paper-1-Edexcel-Economics-IGCSE.pdf

4EC0/01 — January 2014 Edexcel International GCSE (IGCSE) Economics Paper 2 Mark Scheme

This is the official Edexcel mark scheme for Economics Mark Scheme Paper 2 from the January 2014 session. Mark schemes show exactly how each mark is awarded, including acceptable alternative answers, required key terms, and common errors that lose marks. Edexcel mark schemes use notation like "allow," "accept," and "do not credit" to define the boundary between full marks and zero.

Also searched as: 4EC0/01 January 2014 · Edexcel Economics Paper 2 January 2014

This mark scheme corresponds to January-2014-QP---Paper-1-Edexcel-Economics-IGCSE. 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.

Edexcel mark schemes reward precise language. For Economics, 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.

QPView Question Paper

Same paper, other years

Edexcel Economics Mark Scheme Paper 2 from other exam series — practise the same paper across the years, then mark each one against its mark scheme.

MSJune 2024MSJune 2023MSJanuary 2023MSJune 2022MSJune 2021MSNovember 2021MSJune 2020MSJanuary 2020MSJune 2019MSJanuary 2019

Examiner Insights — Edexcel Economics

Based on analysis of 4 official Pearson Edexcel documents (2023–2024).

1

Drawing diagrams without labelling the new curve, new equilibrium price and new equilibrium quantity

“However, some candidates did not label either the shift in demand or the new equilibrium price/quantity and so did not achieve full marks.”— 4EC1 Paper 1, June 2023

How to fix: Every diagram is worth 3 marks: 1 for the correctly drawn shifted curve with a NEW label (e.g. D1, S1, SL1), 1 for the new equilibrium price (Pe1) marked on the y-axis, and 1 for the new equilibrium quantity (Qe1) marked on the x-axis. Arrows are NOT acceptable as labels — you must write the new curve name next to it. Use a ruler. Always check axes are labelled before moving on.

View full exam guide for Economics →

All Edexcel Economics Papers — January 2014

QPPaper 1QPPaper 2MSPaper 1MSPaper 2
Browse all January 2014 papers →

More Edexcel Economics Past Papers

Economics June 2024Economics June 2023Economics January 2023Economics June 2022Economics June 2021Economics November 2021Economics June 2020Economics January 2020
View all Economics sessions →
📘

Economics Exam Guide: How to Score Higher

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