Recommended Economics Tuition: Writing Summative Evaluation

Recommended Economics Tuition: A Guide to Evaluation

Recommended Economics Tuition Classes By Mr Koh – Writing a summative conclusion, also known as an evaluation, is crucial as it serves as the final paragraph of your essay. This conclusion differs from the earlier parts of your evaluation (E1 and E2) and needs to effectively wrap up your discussion by taking a clear stand based on the given question.

Understanding the Stand

The stand you take in your summative conclusion depends on the nature of the question. Here are two common types of questions and how you might approach them:

1. Appropriateness of Policy Solutions: If the question relates to policy solutions, your conclusion should state which policy is the most appropriate.
2. Impact of an Event: If the question is about the impact of an event on various aspects like the market, producers, consumers, society, the economy, or living standards, you need to determine whether the overall effect is positive or negative. If that is not possible, consider whether the overall effect is large or small.

Structuring Your Conclusion

To structure your summative conclusion effectively, consider the NSGR framework: Nature, State, Government’s Role, and Root Cause. This approach ensures you will be able to cover critical aspects of the evaluative paragraph.

1. Nature of the Economy

Think about the inherent characteristics of the economy:

• Is it export-driven or import-reliant?
• How might these attributes influence the impact of an event on the economy?

2. State of the Economy

Unlike nature, the state of the economy varies over time and is crucial in understanding the current context:

• Does the economy have a budget surplus or deficit?
• If the question involves policies to tackle market failures or support low-income consumers, consider whether the government has the financial capacity to implement subsidies or other measures.
• Consider macroeconomic factors such as the state of expectations or whether the economy is near the liquidity trap.

3. Government’s Role

Evaluate the role of the government in mitigating negative impacts (for questions on impact of an event):

• How can government intervention alleviate adverse effects of selected eon the economy, living standards, consumers, or producers?
• Highlight specific policies or actions the government can take to address the issues discussed.

4. Root Cause of the Problem

Identify the underlying cause of the problem to determine the most effective policy:

• State that the best or most appropriate policy depends on addressing the root cause of the issue.
• Discuss how understanding the root cause helps in selecting the optimal solution.

Recommended Economics Tuition: Final Thoughts

When writing your summative conclusion, remember the acronym NSGR: Nature, State, Government’s Role, and Root Cause. This will help you craft a comprehensive and evaluative final paragraph that not only summarizes your discussion but also provides a clear and justified stand based on the question.

So, the next time you sit down to write your summative conclusion, just remember: Never Stop Getting Ready. This mantra will ensure that you consider all critical aspects and deliver a robust evaluation.