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Edexcel A Level Economics A Paper 2 (9ECO 02) - 22nd May 2023 [Exam Chat]

My worry is that the development stuff will all be saved for Paper 3 and linked to the suspiciously absent labour market from Paper 1… and then the Section B will be financial markets.

Maybe a big Section B on inflation? That would mostly be fine, until they do some terrible 15 marker on QE or something.

what kind of stuff would you write for financial markets/sectors??? like apart from making it easy to lend and save? how would u evaluate for a 25 marker / what diagrams etc

Reply 61

holyguac

11

okay so this is my own fault but I'm so ****ed for this exam and unprepared ; anyone have any last minute key pieces of information i should look over ?

Reply 62

Manjit Somal

if financial markets came up as a 25, what diagrams would you draw? and is there a diagram for QE

Reply 63

username5870988

5

Original post by m00dled00dle

what kind of stuff would you write for financial markets/sectors??? like apart from making it easy to lend and save? how would u evaluate for a 25 marker / what diagrams etc

If they ask about role in development, you can talk about Harrod-Domar - do a savings/investment diagram as evaluation, because it’s hard to promote saving and investment simultaneously! I don’t think they’d ask about the financial markets more generally? Unless it’s in the context of regulation, but after P1 was obsessed with government intervention, surely they’ll leave that alone.

Original post by Manjit Somal

if financial markets came up as a 25, what diagrams would you draw? and is there a diagram for QE

Yes, there is - it’s the MD/MS diagram. MS shifts right as money is being introduced into the money supply that did not previously exist. In theory, that brings down the interest rate as shown by the axis.

Reply 64

Username5555

9

Original post by ade123456789

please can someone release possible essays for the 25 markers

This^

Reply 65

A1ris

7

Original post by holyguac

okay so this is my own fault but I'm so ****ed for this exam and unprepared ; anyone have any last minute key pieces of information i should look over ?

Watch econdalplus hot topics video for paper 2 2023 and make brief notes on the topics he mentions. You should be decent after that hopefully

Reply 66

Millj627.315

Original post by A1ris

Watch econdalplus hot topics video for paper 2 2023 and make brief notes on the topics he mentions. You should be decent after that hopefully

Aristotle ferrer that u?

Reply 67

Millj627.315

After examining previous test these are the likelyhoods of topics coming up in any question:
IMF - 80%
QE - 80%
Trade Creation - 60%
Fair Trade - 50%
Infant Industries - 50%
Circular flow of income 25%
25 Marker likely to be on IMF or Fair trade

Reply 68

ddaarrcceeyy

12

Original post by Millj627.315

After examining previous test these are the likelyhoods of topics coming up in any question:
IMF - 80%
QE - 80%
Trade Creation - 60%
Fair Trade - 50%
Infant Industries - 50%
Circular flow of income 25%
25 Marker likely to be on IMF or Fair trade

where on earth did u get this from

Reply 69

username50028453

12

Original post by Millj627.315

After examining previous test these are the likelyhoods of topics coming up in any question:
IMF - 80%
QE - 80%
Trade Creation - 60%
Fair Trade - 50%
Infant Industries - 50%
Circular flow of income 25%
25 Marker likely to be on IMF or Fair trade

what even is trade creation and trade diversion?

Reply 70

raj2701

8

Original post by username50028453

what even is trade creation and trade diversion?

when fta's are made or economic integration improves, there is more trade between countries ie trade creation

however, as economic integration increases and you reach customs union where there is a cet, the country may have to impose a tariff on a good it was previously getting tariff free, the trade from that country is diverted as the member country will trade with other members at higher prices

I think

Reply 71

SumayyahRashid

4

Does anyone else think that the 25 marker will be on monetary policy given how much interest rates have changed over the past year? Maybe smthn like evaluate the effectiveness of using interest rates to control inflation?

Reply 72

Username5555

9

Original post by SumayyahRashid

Does anyone else think that the 25 marker will be on monetary policy given how much interest rates have changed over the past year? Maybe smthn like evaluate the effectiveness of using interest rates to control inflation?

ye think either monetary or fiscal policy hopefully

Reply 73

Username5555

9

Anyone want to write a model essay on this?
Evaluate policies to reduce inflation

Reply 74

haychsoxhisjwox

12

first point: CONTRACTIONARY MONETARY POLICY. Lowers AD due to lower consumption and higher incentive to save. negative wealth effect through lower demand for housing. Then you can also develop by saying it would cause appreciation, which should also reduce cost push inflation as imports are cheaper EVAL: demand side shock, may cause more harm than good.
second point: CONTRACTIONARY FISCAL POLICY. Reduce Govt Spending, and increase tax. AUSTERITY MEASURES. Again, shift in AD. EVAL: Regressive and inequitable as the govt may increase indirect tax or they may cut spending on benefits and public goods.

Original post by ow05

Anyone want to write a model essay on this?
Evaluate policies to reduce inflation

Reply 75

Teedog

2

So what are the major topics that will come up on this exam? So policies to reduce inflation and what else?

Reply 76

m184

13

do you guys think financial markets will be big on this paper? my teacher never taught it to us, i did try and learn it myself but it’s not really sticking

Reply 77

npienaar

1

1. could someone please post the 25 markers from the tom fuber papers

2. If a question says economic effects... can you talk about development? as well as growth and other things

3. How would any question on financial markets come up? And why is everyone so scared? feel like im missing something...

Reply 78

THEPIE34

8

Original post by npienaar

1. could someone please post the 25 markers from the tom fuber papers

2. If a question says economic effects... can you talk about development? as well as growth and other things

3. How would any question on financial markets come up? And why is everyone so scared? feel like im missing something...

They could easily ask about financial markets anything from role of financial markets to regulation. In 2019? I think they had an entire section B on financial markets.