Carry out trend analysis
Another CSQ skills that students can develop is trend analysis. Trend analysis involves the study of the unseen economic data, in which students will examine the changes in economic conditions. In some occasions, students will be asked to identify the possible reasons for the economic trends. Generally, trend analysis questions are arranged at the earlier parts of the CSQ and carry fewer marks.
To maximise the grades attained in the trend analysis questions, students must recognize the different possible economic data formats, such as graphs and tables. Then, students are advised to identify the direction and rate of change. For example, typical questions may require students to identify the change in price trends for certain good or service. In more complex questions, at the macroeconomic level, students are required to compare the economic indicators of different countries and explain the reasons for the differences.
Apply economic principles
CSQ skills development also involve the application of economic principles. The depth of elaboration depends on the weightage of the marks and the chapters tested in that question. This application requires adequate experience and familiarity of questions to achieve the desired outcome of attaining higher grades. For example, students are required to substantiate their answers with the use of Aggregate Demand (AD) components to explain the reasons for the changes in economic conditions for a country.
Furthermore, the application of economic principles includes the use of economic diagrams to support the points. Usually, questions will specify the necessity of diagrammatical illustration. Like the essay writing component, the use of a diagram will require a short write-up on the interpretation of diagram.