[uzmakhan]

hey guys, first of all m new in here!!!
and i am in desperate desperate need of help!!

i am givin my exams privately so i realli dunno who to to ask all these questions congesting my mind!!
i waz goin thru one of the pastpapers and it sed " identify 3 economic policies that can be used to stimulate economic growth" (30 marks, unit 2:managing the economy, edexcel AS level june 2010)

i haf a hold on the theory bit, like talkin abt the fiscal,monetary and supply side policy buh i am realli confused wen it comes to AD and AS curves!!
in the marking scheme it sed " AD/AS or shift to the right"
okkkkkk, so wat does that mean>?

shud i shift the demand curve or should i shift the supply curve....or both
and if i shud shift both of them, shud it been shown on the same diagram or different one?

plz plz guys i really need help in here!! exmz are on head and ahhhhh i am soooo dead!!!!!

and it wud be gr8 gr8 gr8 help if u can tell me on how shud i structure my answer for questions which are for 30 marks!!

thanx tons n tonsssss in advance!!!

[turn and fall]

(Original post by uzmakhan)
hey guys, first of all m new in here!!!
and i am in desperate desperate need of help!!

i am givin my exams privately so i realli dunno who to to ask all these questions congesting my mind!!
i waz goin thru one of the pastpapers and it sed " identify 3 economic policies that can be used to stimulate economic growth" (30 marks, unit 2:managing the economy, edexcel AS level june 2010)

i haf a hold on the theory bit, like talkin abt the fiscal,monetary and supply side policy buh i am realli confused wen it comes to AD and AS curves!!
in the marking scheme it sed " AD/AS or shift to the right"
okkkkkk, so wat does that mean>?

shud i shift the demand curve or should i shift the supply curve....or both
and if i shud shift both of them, shud it been shown on the same diagram or different one?

plz plz guys i really need help in here!! exmz are on head and ahhhhh i am soooo dead!!!!!

and it wud be gr8 gr8 gr8 help if u can tell me on how shud i structure my answer for questions which are for 30 marks!!

thanx tons n tonsssss in advance!!!

Dont mean to be rude but could you write in a more coherant way (I can understand the panic lol)

identify 3 economic policies that can be used to stimulate economic growth

Question Analysis (Get this right and you are half way there)

3 economics policies
Growth
Identify is an odd command word but for 30 marks I would assume evaluation is critical.

Plan

Intro
-Define economic growth
-Define the three policies

Meat

-Describe monetary policies that could be used (lower interest rates - print money)
-Analyse the impact of monetary policy to pursue growth (Use AD/AS - shift the AD curve to the right) - short run growth - show how it causes growth
-Evaluate the effectiveness (size of output gap (difference between LRAS and actual output)

-Describe fiscal policies
-Similar analysis to monetary policy (show how it causes growth)
-Evaluate - different evaluation from output gap - maybe the size or the multiplier effect

-Describe supply side polices
-Shift AS out (show how it causes growth)
-Evaluate - time lags, output gaps, allocation of government spending on education ect

Conclusion

The title does not really help with the structure of the conclusion. I would just say something along the lines that the polices need to be coordinated to achieve growth


(You may notice I have said show how it causes growth 3 times. The reason is that it keeps the essay on the focus of the question. Do not go off at tangents talking about unemployment ect.

[uzmakhan]

(Original post by turn and fall)
Dont mean to be rude but could you write in a more coherant way (I can understand the panic lol)

identify 3 economic policies that can be used to stimulate economic growth

Question Analysis (Get this right and you are half way there)

3 economics policies
Growth
Identify is an odd command word but for 30 marks I would assume evaluation is critical.

Plan

Intro
-Define economic growth
-Define the three policies

Meat

-Describe monetary policies that could be used (lower interest rates - print money)
-Analyse the impact of monetary policy to pursue growth (Use AD/AS - shift the AD curve to the right) - short run growth - show how it causes growth
-Evaluate the effectiveness (size of output gap (difference between LRAS and actual output)

-Describe fiscal policies
-Similar analysis to monetary policy (show how it causes growth)
-Evaluate - different evaluation from output gap - maybe the size or the multiplier effect

-Describe supply side polices
-Shift AS out (show how it causes growth)
-Evaluate - time lags, output gaps, allocation of government spending on education ect

Conclusion

The title does not really help with the structure of the conclusion. I would just say something along the lines that the polices need to be coordinated to achieve growth


(You may notice I have said show how it causes growth 3 times. The reason is that it keeps the essay on the focus of the question. Do not go off at tangents talking about unemployment ect.

OMG this is perfecttttt!!! thank u soooooooooooooooooooooooo much----i thought i was dieing--- u saved me big tym lol--
hahaha yah i will "try" being coherent the next tym

buh thanx tons once agen--got it all clear noe