L7 - Senior Professional Economist

3.1. Detailed requirements

The test can be computer based or paper based. It will consist of 10 questions. In terms of marking, all questions will have equal weight and are graded against the grading descriptors set out in this EPA plan. These questions will consist of:

• Open questions requiring short, structured answers: there will be three macro and three micro questions. These questions can also cover topics from competing streams of economic thought. In addition, there should be two questions covering non-market valuation techniques and appraisal/evaluation techniques. The questions can involve the interpretation of graphs, tables or diagrams. 
• Data analysis questions: There should be a total of two questions involving econometric analysis and data analysis. The questions can involve the interpretation of graphs, tables or diagrams.

The test is closed book which means that the apprentice cannot refer to reference books or materials.