[Skilled]

(Original post by King of the Jungle)
Why do you think unemployment will come up ?

Unemp will come up (strong feeling) because of the current economic climate + chances of growth and clashing objectives too.. i guess

[bestfriends33]

Hey,

Just wondering what average/ rough mark you would have to get for a 'C' and for a 'B'?

Thank you

[Chloebolt]

(Original post by Skilled)
Unemp will come up (strong feeling) because of the current economic climate + chances of growth and clashing objectives too.. i guess

My teacher thinks youth unemployment maybe because it's a big problem in the economy at the moment

[King of the Jungle]

(Original post by Chloebolt)
My teacher thinks youth unemployment maybe because it's a big problem in the economy at the moment

my teacher something with the olympic might come up

[Skilled]

(Original post by Chloebolt)
My teacher thinks youth unemployment maybe because it's a big problem in the economy at the moment

Your teacher is right - - ->> http://www.bbc.co.uk/news/world-europe-18155938
and ---->>> http://www.independent.co.uk/news/bu...m-1707898.html

[Skilled]

I know this is off topic, but does anyone know where I can get a finance summer job or school?, thankx

[Chloebolt]

(Original post by Skilled)
Your teacher is right - - ->> http://www.bbc.co.uk/news/world-europe-18155938
and ---->>> http://www.independent.co.uk/news/bu...m-1707898.html

Haha he used to work for OCR so he is good at guessing exam questions

[. . .]

(Original post by Skilled)
Your teacher is right - - ->> http://www.bbc.co.uk/news/world-europe-18155938
and ---->>> http://www.independent.co.uk/news/bu...m-1707898.html

(Original post by Chloebolt)
Haha he used to work for OCR so he is good at guessing exam questions

Just because it is a hot topic in the news recently does not mean it will come up. You have to predict when the paper was set and what was the hot topics at the time of writing and even then you cannot be sure because most of the sources they use is taken from years ago. So they can ask about anything really.

[insert help here__]

(Original post by Jim Riley)
There is a free online 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!

http://www.tutor2u.net/blog/index.ph...ay-22-may-2012

Jim

Is it covering the whole of macro?

[undertaker1]

'Using the data and your economic knowledge, assess the importance of an increase in exports for achieving an improvement in the performance of the UK economy'

for these sorts of questions do we talk about all 4 macroeconomic goals such as economic growth, inflation/deflation, employment levels and balance of trade.

i understand inflation/deflation and employment levels, but i don't understand economic growth and balance of trade. i know it sounds stupid but what sort of stuff should we mention about economic growth and balance of trade.

what i would say if the question is about monetary policy is that we should decrease interest rates to increase exports to a surplus on the balance of payments current account. but how would i explain economic growth???

thanks

[Chloebolt]

(Original post by undertaker1)
'Using the data and your economic knowledge, assess the importance of an increase in exports for achieving an improvement in the performance of the UK economy'

for these sorts of questions do we talk about all 4 macroeconomic goals such as economic growth, inflation/deflation, employment levels and balance of trade.

i understand inflation/deflation and employment levels, but i don't understand economic growth and balance of trade. i know it sounds stupid but what sort of stuff should we mention about economic growth and balance of trade.

what i would say if the question is about monetary policy is that we should decrease interest rates to increase exports to a surplus on the balance of payments current account. but how would i explain economic growth???

thanks

About economic growth- to increase in the short run it in shifts in AD so in monetary to increase economic growth you could lower interest rates as it encourages spending




This was posted from The Student Room's iPhone/iPad App

[aliali786]

Any Good 'D' question structures or tips AT ALL, highly appreciated.
For the exam on the 25th May 2012, Economics UNIT 2

[The Doggfather]

I highly recommend you watch some of these short video's by the legendary PajHolden
http://www.youtube.com/user/pajholde...&view=0&page=1

The man got me 86/100 in Unit 1 with 2 days of revision, gonna wing Unit 2 as well
Can't do that for the A2 exams though!

[IgnoranceIrritates]

Can someone help me out here, are Fiscal and Monetary policies always demand side policies? Because surely if the government spends more, employing more teachers for example then this will result in smaller class sizes, this will improve the quality of the education people receive and therefore when they enter the labour force they'll have a better skillset and will more easily pick up new skills increasing productivity therefore shifting the supply curve out to the right (which supply curve is it btw?). This would result in lower unit labour costs meaning bigger output at the same price level.

Is that right and if so isn't that an example of Fiscal policy being used as a supply side policy? Or is it only Fiscal policy when the government spending is used to increase aggregate demand i.e. by cutting income tax increasing consumption?

[BlackPoison94]

anyone have the jan 2012 markscheme?

[undertaker1]

(Original post by IgnoranceIrritates)
Can someone help me out here, are Fiscal and Monetary policies always demand side policies? Because surely if the government spends more, employing more teachers for example then this will result in smaller class sizes, this will improve the quality of the education people receive and therefore when they enter the labour force they'll have a better skillset and will more easily pick up new skills increasing productivity therefore shifting the supply curve out to the right (which supply curve is it btw?). This would result in lower unit labour costs meaning bigger output at the same price level.

Is that right and if so isn't that an example of Fiscal policy being used as a supply side policy? Or is it only Fiscal policy when the government spending is used to increase aggregate demand i.e. by cutting income tax increasing consumption?

monetary is a demand side policy. fiscal is mainly a demand side policy, however some policies are also very similar to supply side policies. fiscal supply side and supply side polices shift the LRAS to the right

[Ecomax]

^^ I'm not sure what you mean by that really ..
Fiscal and monetary policy are demand side yes .. They both focus on Aggregate demand

Supply side focuses, like you say on shifting the LRAS curve or increasing the productive capacity of the economy

At AS level I should say anyway, fiscal policy can be used for long run effects yes .. But not supply side

[IgnoranceIrritates]

(Original post by undertaker1)
monetary is a demand side policy. fiscal is mainly a demand side policy, however some policies are also very similar to supply side policies. fiscal supply side and supply side polices shift the LRAS to the right

Okay, thank you very much.

[Ecomax]

I have also noticed that many above have been talking about micro economics in a macro essay, I would advise against it .. Unless you are talking about elasticities .. Anything else is irrelevant in macro and will get you no marks

[Ecomax]

(Original post by BlackPoison94)
anyone have the jan 2012 markscheme?

Here you go

http://www.thestudentroom.co.uk/atta...1&d=1337646291