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Addressing question
requirements
Content Development
Contextualisation
Argument development
International Trade
JC2 T3 Intensive Revision Prog Q14
(AJC Prelim, 2011, Q6)
International Trade
AJC Prelim, 2011, Q6
Prelim Revision
International Trade
AJC Prelim, 2011, Q6
Prelim Revision
International Trade
AJC Prelim, 2011, Q6
Prelim Revision
Addressing question
requirements
Did the answer address the
direction and key words?
Identify demand and supply
determinants of trade
patterns.
International Trade
Prelim Revision
Addressing question
requirements
Content
Development
Contextualisation
Essay Structure
Introduction
Definition of key Terms
Overview
Body
How supply side determinants influence pattern of trade
Paragraph 1-Differences in Comparative Advantage
(Opportunity Costs)
Paragraph 2-Government Policies
How demand side determinants influence pattern of trade
Paragraph 3- Rising affluence (income)
Paragraph 4- Changing Taste and Preferences
Paragraph 5- Population Size and/or Demographics
Conclusion
Summarise how demand and supply determinants influence
patterns of trade.
International Trade
Prelim Revision
Addressing question
requirements
Content
Development
Contextualisation
Overview
In this essay, we will be explain how these factors contribute
towards influencing a countrys pattern of trade.
International Trade
Prelim Revision
Addressing question
requirements
Content Development
Contextualisation
Each Paragraph
should be
written using
the PEEL
method.
Content
Development
International Trade
Prelim Revision
Addressing question
requirements
International Trade
Prelim Revision
Content Development
Contextualisation
International Trade
Prelim Revision
Also, since 1993, the Singapore government has also signed free
trade agreements with 20 regional and bilateral FTAs with 31
trading partners. This is instrumental in helping Singapore-based
businesses increase cross-border trade by reducing costs through
eliminating or reducing import tariff rates, easing investment
rules and opening government procurement opportunities etc.
All this helps to helps to increase the volume of trade between
trade partners.
L: Besides supply side determinants, demand side determinants
play a part in influencing trade patterns as well.
International Trade
Prelim Revision
Addressing question
requirements
Content Development
Contextualisation
International Trade
Prelim Revision
International Trade
Prelim Revision
International Trade
Prelim Revision
International Trade
Prelim Revision
Addressing question
requirements
Content Development
Contextualisation
International Trade
AJC Prelim, 2011, Q6
Prelim Revision
L1: 1-3
L2: 4-6
L3: 7-10
Answer shows a
superficial knowledge
of the different
reasons for a countrys
pattern of trade.
Thorough knowledge
of the demand and
supply determinants
influencing a countrys
pattern of trade with
the ability to support
using examples.
Content
Development
There is consistent
linkage of reasons to
demand and supply
determinants and how
changes in demand
and supply therefore
influence pattern of
trade.
Were points
made supported
with economic
theories?
International Trade
AJC Prelim, 2011, Q6
Prelim Revision
Contextualisation
L1: 1-3
L2: 4-6
L3: 7-10
No or minimal use of
examples.
Some use of
examples.
Consistent use of
examples.
International Trade
AJC Prelim, 2011, Q6
Prelim Revision
International Trade
Prelim Revision
Essay Question 6
In economics, globalisation broadens the free market to
include many nations to which it had not previously
reached. However, protectionism has recently been rearing
its head in the form of tariff hikes by some countries in
response to the global economic crisis.
b) Discuss whether you agree that protectionism is the
best approach to deal with the challenges posed by
globalisation. (15)
International Trade
Prelim Revision
International Trade
AJC Prelim, 2011, Q6
Prelim Revision
Addressing question
requirements
Did the answer address the
direction and key words?
International Trade
2011 AJC Qn 6
Prelim Revision
Addressing question
requirements
Content Development
Contextualisation
Essay flow
Introduction
Define globalisation and protectionism
Overview
Body
Thesis- Protectionism is the BEST approach to deal with the
challenges posed by globalisation.
-Explain the challenge posed by globalisation.
-Explain how protectionism addresses this challenge.
Anti-thesis 1: Explain why protectionism is not the best
approach
International Trade
Prelim Revision
Addressing
question
requirements
Content
Development
Contextualisation
International Trade
Prelim Revision
Addressing question
requirements
Content Development
Contextualisation
Challenge 1:
Globalisation could result in rapid growth which may
lead to higher levels of structural unemployment in the
sunset industries that have lost CA.
International Trade
Prelim Revision
Addressing question
requirements
Content Development
Contextualisation
Limitations:
However, once this protection is in place, it may be hard
to remove and if protection is in long term, it may lead to
higher COP, misallocation of scarce resources and a fall
in world output and trade.
International Trade
Prelim Revision
Addressing question
requirements
Content Development
Contextualisation
International Trade
Prelim Revision
Addressing question
requirements
Content Development
Contextualisation
Limitations:
This may encourages inefficiency in home industries
produce goods with no CA reduced competitiveness in the
future.
International Trade
Prelim Revision
Addressing question
requirements
Content Development
Contextualisation
International Trade
Prelim Revision
Addressing question
requirements
Content Development
Contextualisation
International Trade
Prelim Revision
Addressing question
requirements
Content Development
Contextualisation
1. Begger-thy-neighbour effect
- exports, output and income of its trading partners are
reduced, which then curbs the exports, output and
employment of the country which initiated
protectionism
2. Risk of Retaliatory reactions from trade partners
- trading partners may retaliate and impose their own
import restrictions thus causing the initiating countrys
exports, output and employment to suffer subsequently.
3. Increases market dominance of domestic firms
- protection raises the market power of domestic firms
hence resulting in greater allocative inefficiency. Also,
being flushed with monopoly profits, domestic firms
tend to end up being productively inefficient
International Trade
Prelim Revision
Addressing question
requirements
Content Development
Contextualisation
International Trade
Prelim Revision
Addressing question
requirements
Supply Side Policy
Content
Development
Contextualisation
International Trade
Prelim Revision
Addressing question
requirements
Content Development
Contextualisation
International Trade
Prelim Revision
Addressing question
requirements
Content Development
Contextualisation
International Trade
Prelim Revision
Addressing question
requirements
Content Development
Contextualisation
International Trade
AJC Prelim, 2011, Q6
Prelim Revision
L1: 1-5
Addressing Question Answer is largely
Requirement
irrelevant. Some points
on globalisation or
Did the answer
protectionism may be
address the
made but these tend
direction and
to be incidentally made
key words?
rather than
purposefully made.
L2: 6-9
L3: 10-13
Answer is able to
provide a good
explanation of the
challenges that
globalisation brings
about and how
protectionism can
address these
challenges and its
limitations.
It touches on other
policies, but does not
address the idea of best It explains how other
approach.
policies may also solve
these challenges and
addresses the idea of
best approach.
International Trade
AJC Prelim, 2011, Q6
Prelim Revision
L1: 1-5
Content Development Points made are
not deliberately
Were points made
supported with
supported with
diagrams and
diagrams and
economic theories:
tables?
Mere stating of the
Were points made challenges of
supported with
globalisation and
economic
types of
theories?
protectionism.
L2: 6-9
L3: 10-13
A thorough economic
analysis of 3 challenges
Incomplete economic of globalisation and the
analysis of 3
ways protectionism may
challenges of
or may not address it.
globalisation and the
Well elaborated
ways protectionism
explanation of how other
can address it. Very
policies can be better
brief
than protectionism are
recommendation of
also seen.
other policies.
International Trade
AJC Prelim, 2011, Q6
Prelim Revision
Contextualisation
L1: 1-3
L2: 4-6
L3: 7-10
No or minimal use of
examples.
Some use of
examples.
Consistent use of
examples.
International Trade
AJC Prelim, 2011, Q6
Prelim Revision
Argument
Development
Did answer
provide balanced
discussion that
considers
different
perspectives?
Was the flow of
argument
coherent?
L1: 1-3
There is no breadth of
discussion or coherent
flow of argument.
Essay is mostly onesided or too narrow in
terms of number of
points.
L2: 4-6
There is some breadth
of discussion, but
certain key angles/
perspectives may not
be brought up.
L3: 7-10
There is good breadth
of discussion which
covers multiple
perspectives and
angles.
Flow of argument is
mostly coherent.
Argument is coherent.