Living Economics. Economics in Plain English. With the Econ exam just two days away, many students out there are wondering what to expect on the new higher level paper 3, the “quantitative methods” paper.
I put this post together to share my own understanding of all the calculations students may be asked to do on this section of the exam. First, let’s review the command terms you can expect to encounter on HL paper 3, and look at what is expected of students in questions of each type. Command terms to expect on paper 3: Greg Mankiw's Blog. The new economics foundation.