Competition - post a photo you've taken of nature >>

Revision/Discussion Thread Edexcel Economics Unit 2 Friday 25th of May 2012

Scroll to see replies

Can someone please help me out? How do you revise for economics 2? I've learnt most the stuff and i've done the majority of the past papers, how do you revise for it?

Have you look through examiner reports? If not, i advice you to have a look at it as then you will have rough idea of what to write to score full marks. Very helpful especially if you not very confidence with the 30 markers.

Reply 21

MOMI5K

Original post by Jim Riley

This might be useful for Edexcel AS Econ candidates.

There is a free online AS Macro revision clinic with Geoff, Mo, Ian and the tutor2u Econ team tomorrow evening (22 May) from 8.30 pm for anyone who would like a little extra support ahead of Friday. over 450 students logged into the first AS Macro clinic - a similar number expected tomorrow night!

Geoff, Mo and several others on the teacher panel teach Edexcel Econ - so bound to be lots of good support for the unit in the clinic Q&A.

http://www.tutor2u.net/blog/index.php/economics/comments/as-macro-unit-2-economics-online-revision-clinic-tuesday-22-may-2012

Jim

where can i watch the video? im on the website and it says i need a twitter or fb account, i got a twitter account but where do i get the video live? :s-smilie:

Reply 22

MOMI5K

a question in unit 2 is likely to ask for a "aggregate supply and aggregate demand diagram" right?
what sort of diagram do we draw? a straight diagram of the AD AS or do we draw a curved SRAS and vertical LRAS? which one?

Reply 23

ryanboi

Original post by MOMI5K

where can i watch the video? im on the website and it says i need a twitter or fb account, i got a twitter account but where do i get the video live? :s-smilie:

It starts at 8:30pm so if you wait till 8:30pm, it will start. Btw, I don't think is a video. Is just a massive chat room where people ask questions and the admin or other teachers try to answer it.

Reply 24

ryanboi

Original post by MOMI5K

This is the diagram that I used:

http://www.economicshelp.org/images/macro/AD-increase.jpg

Reply 25

MOMI5K

Original post by ryanboi

This is the diagram that I used:

http://www.economicshelp.org/images/macro/AD-increase.jpg

yeah i use the curvy SRAS aswell, but i'm looking at an examiners report from june 11 and the examples there mostly show straight AS cruves. :s-smilie:

Reply 26

MOMI5K

Original post by ryanboi

It starts at 8:30pm so if you wait till 8:30pm, it will start. Btw, I don't think is a video. Is just a massive chat room where people ask questions and the admin or other teachers try to answer it.

looool this is crap, i thought a guy comes on a live video and skims through the whole unit lol. this chatroom is poor. do you have any notes on HDI and measures of standard of living? and income and wealth? i'm struggling with these two topics, everything else is good. would be appreciated if you can help :smile:

Reply 27

ryanboi

Original post by MOMI5K

yeah i use the curvy SRAS aswell, but i'm looking at an examiners report from june 11 and the examples there mostly show straight AS cruves. :s-smilie:

You can use either the one am using or the straight vertical one. Whichever one you use, you won't get mark off. My graph tend to have both SRAS and straight vertical.

Just like this one:
http://www.s-cool.co.uk/a-level/assets/learn_its/alevel/economics/aggregate-demand-and-aggregate-supply/supply-side-policies/2007-12-04_120319.gif

Reply 28

ryanboi

Original post by MOMI5K

Which part of HDI and income and wealth are you struggling at? I will try and list all the key notes here as all my work is not on the computer, so can't send it to you.

Reply 29

MOMI5K

Original post by ryanboi

Which part of HDI and income and wealth are you struggling at? I will try and list all the key notes here as all my work is not on the computer, so can't send it to you.

do you know a good site that has notes on these other than tutor2u?

and i need to know the adv/disadvantages, evaluation points of HDI and economic growth as a measure of living standard, would be much appreciated

(edited 11 years ago)

Reply 30

Miryo

Original post by ryanboi

Ok thanks, I'll get on it in a minute, one more thing, I've been doing the past papers and I just keep missing out the points on the mark scheme, are the points on the mark scheme the ones you MUST get or are there points you could get marks for that aren't on the mark schemes?

Reply 31

QwertyG

Where do you go to ask questions in that tutor2u thing which is going on now, i got a twitter account i been clicking the twitter logo 15 mins now

Reply 32

MOMI5K

Original post by Miryo

the points in the mark schemes are examples of points to be expected, your answers should be somewhat along the lines of what the mark scheme says. the examiner will give you marks as long as you answer the question relevantly.

Reply 33

ryanboi

Original post by MOMI5K

http://kdkchadha.blogspot.co.uk/2010/06/hdi-human-development-index.html

This girl has some good explanation on advantages and disadvantages of HDI. Evaluation point of HDI would normally be counter argument. I remember one question where they ask you the advantages of HDI and to evaluate that question, all you have to do is list the disadvantages of HDI. Another evaluation point would be other things being not equal. For example, if there is natural disaster in the future, then the welfare in the future will fall. HDI fails to take this into account as economist can't predict natural disaster. This makes HDI a less useful measure. Another one would be what you can do to make HDI a better indicator? Since its lack of quality of life, maybe add poverty level into HDI. Will that make HDI a more accurate measure?

Economic growth evaluation:

Give a better indicator. HDI. And explain why its better.
Counter argument
Different countries-Different accuracies
e.g. In developing countries, black economy will be bigger because of lack of regulation. This will make economic growth less accurate and therefore, is not useful for measuring standard of living.
Prioritise your point. Which reasons is the most important in determining how useful economic growth is?

Reply 34

ryanboi

Original post by Miryo

For KAA part, you will have to get most of the stuff in the mark scheme as KAA testing on your knowledge, ability to apply it and analyse the problem.
However, for Evaluation, you could get marks for your answer even if the points you state is not in the mark scheme. Obviously, the evaluation point has to make sense to get the marks.

Reply 35

ryanboi

Original post by QwertyG

Where do you go to ask questions in that tutor2u thing which is going on now, i got a twitter account i been clicking the twitter logo 15 mins now

The workshop is about to end anyway so no point going. It ends at 9:30pm. Tbh, is not very useful as is too crowded

Reply 36

QwertyG

Damn this exam man I need 90+ UMS for this sheit, 30 marks questions are actually do able but its those 12 mark questions which do my head in

Reply 37

ryanboi

Original post by QwertyG

Damn this exam man I need 90+ UMS for this sheit, 30 marks questions are actually do able but its those 12 mark questions which do my head in

12 marks in Unit 2 are easier than in Unit 1. You will always be awarded 4 marks for evaluation and 8 marks for KAA.

Reply 38

MOMI5K

economic growth disadv- sizes of economies differ, thus harder to compare, benefits of economic growth are usually benefitted by higher end workers....etc...

thanks alot :colondollar:

, now back to finishing off this june 2010 paper......then exam in 2 days..........then freeeeeeeeeeeeeeeeeeeedoooooooooooooooommm :wink:

Reply 39

QwertyG

Original post by ryanboi

12 marks in Unit 2 are easier than in Unit 1. You will always be awarded 4 marks for evaluation and 8 marks for KAA.

Its the way the questions are given which does my head in, in the 30 mark you know the question is going to be on policy conflicts or how X could improve with the use of SSP or MP or FP