A large degree of continuity with the previous specification

..the ability to abstract and simplify in order to identify and model the essence of a problem. analyse and reason - both deductively and inductively. marshal evidence and to assimilate, structure, analyse and evaluate qualitative and quantitative data. communicate results concisely to a wide audience, including those with no training in economics. think critically about the limits of one's analysis in a broader socio-economic context. draw economic policy inferences, to recognise the potential constraints in their implementation and to evaluate the efficacy of policy outcomes in the light of stated policy objectives.

EAC ASSESSMENT MATRIX (2007) TechnicalPolicySAQsPresentationInterview Average mark Knowledge Application CommunicationWritten Oral Pass/Fail Rating scale 1-5, 1 poor, 2 developable 3 required standard 4 consistently good 5 consistently excellent

Degree Class Economic Assessment pass rate % Total Sample (with Masters) 4413

University TypePass rate %Total OXBRIDGE70 RUSSELL48268 OTHER UK38229 NEW33 53 OVERSEAS34 82

The majority of candidates fail because they do not understand fundamental principles, concepts and analyses and hence find them difficult to apply and easy to forget.

Success: Applying opp cost to an asset Failed EAC30% Passed EAC56%