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Assessed quantitative skills

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2 topics · 12 learning objectives

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  1. Core quantitative skills assessed within the 20% minimum

    1. QS1—Ratios and fractions

      Calculate, use and understand ratios and fractions.

    2. QS2—Percentages and percentage-point changes

      Calculate, use and understand percentages, percentage changes and percentage-point changes.

    3. QS3—Means, medians and quantiles

      Understand and use the mean and median at AS; at A2, also understand and use relevant percentiles, deciles, quintiles and quartiles.

    4. QS4—Standard graphical forms

      Construct and interpret a range of standard graphical forms.

    5. QS5—Index numbers

      Calculate and interpret index numbers.

    6. QS6—Revenue, cost and profit calculations

      Calculate total revenue at AS; at A2, calculate marginal, average and total cost, revenue and profit.

    7. QS7—Nominal and real values

      Convert money values into real terms.

    8. QS8—Elasticity calculations

      Calculate elasticity and interpret the result.

    9. QS9—Analysing economic information

      Interpret, apply and analyse information in written, graphical, tabular and numerical forms.

  2. Additional assessable quantitative skills

    1. QS10—Levels and rates of change

      Distinguish between a change in the level of a variable and its rate of change.

    2. QS11—Composite indicators

      Understand composite indicators.

    3. QS12—Seasonally adjusted figures

      Understand the meaning of seasonally adjusted figures.