1.3.1.1b - development of models in economics based on assumptions

The development of models in economics based on assumptions.

Use b - development of models in economics based on assumptions to connect the rule to the data and decision in the question.

This matters because b - development of models in economics based on assumptions determines what can be inferred or chosen; begin with the stated conditions and keep the conclusion tied to the evidence.

Example: apply b - development of models in economics based on assumptions to one small, clearly defined case, show the key step or comparison, and explain the result in words.

Boundary: b - development of models in economics based on assumptions is not a universal recommendation. Check the syllabus scope, assumptions, units and the limits of the evidence before generalising.