AQA AS Unit 2 Economics 21st May 2014

OP

Original post by SachinNeedsHelp

Lool,idk why but ppl,find unit2 harder?? I,feel that unit2 is more,easier as it is directed to THE LITERATE ECONOMY rather than the market side. But Exchange rate Vs Inflation is a nightmare to get your head around... Lol you havent.got.long to self.teach... Gl lol

I did Economics at GCSE, so I feel Unit 1 is a bit more easier for me because some of the aspects interrelate, whereas the diagrams in unit 2 are all over the place!
Yeah, I'm revising the exchange rate now, I didn't like it last year in my gcse, and I am still not liking the exchange rate lol :frown:

Reply 6

FlowC

Any ideas on 25 mark question?

Reply 7

Student296

Original post by Shanahey

My teacher mainly prepped us for Unit 1, so I'm just self teaching myself in the mean time for Unit 2 :tongue:

I really need to do even more past papers haha!
How about you?

I'm confident on my MCQs but haven’t done any full papers yet which is what I need to get onto asap.

Reply 8

Original post by Shanahey

I did Economics at GCSE, so I feel Unit 1 is a bit more easier for me because some of the aspects interrelate, whereas the diagrams in unit 2 are all over the place!
Yeah, I'm revising the exchange rate now, I didn't like it last year in my gcse, and I am still not liking the exchange rate lol :frown:

:/ Unfortunate for us, we didnt have an option for GCSE economics or.business... Lol this is my first tims for.economics :smile:

Really enjoying it to. Although tbh
... in majority of the questions you can get away with shifts in AD curves to left of.right dependin on case study. Just got the hang of Exchange rates just been revising for like.2hrs from the Big Yellow book LOOOL it looks.like. it goes on and on forever! The other diagrams are maybe to do with LRAS if you are talkin about inflation etc (supply side.policys) shiftin LRAS to bring down inflation.

Reply 9

Economicsbgh

Hey. Any ideas on how to structure q4 and 8?
In micro there's a q on demand and supply and one on market failure. Is there similar structure for unit 2?

Posted from TSR Mobile

Reply 10

MidnightDream

16

I'm taking this exam too :five:

not that prepared think I'd better get a move on :smile:

Reply 11

Original post by Shanahey

I did Economics at GCSE, so I feel Unit 1 is a bit more easier for me because some of the aspects interrelate, whereas the diagrams in unit 2 are all over the place!
Yeah, I'm revising the exchange rate now, I didn't like it last year in my gcse, and I am still not liking the exchange rate lol :frown:

Want,me to give it a go to try explaining simple.aspects of.exchange rate??? If the value of the £ falls it means other.countries can buy more as goods become.cheaper to buy from foreign countries. This boost AD as Exports are a factor of.AD. A rise in the exchange rate means exports become.expensive and foreign countries find high prices less attractive and. consume less UK exports, shiftin the AD curve to the left. Less production may also mean a rise. in imports.increasin.the size of the. current account deficit.

Sorry if its confusin maybe try Tutor2u ~ great site explains it well, and gl with unit2 exam!! :smile:

Reply 12

R2D2.

So my Unit 1 was pretty bad. If I'm fairly lucky I should get about 60. So really need to do good on this. Can someone share any points which would guarantee you a good amount of marks in the essay? Also any tips on how to not waste time i.e. write less but get a lot of marks. Thanks

Reply 13

OP

Original post by MidnightDream

I'm taking this exam too :five:

not that prepared think I'd better get a move on :smile:

Lol same!

Reply 14

OP

Original post by SachinNeedsHelp

Want,me to give it a go to try explaining simple.aspects of.exchange rate??? If the value of the £ falls it means other.countries can buy more as goods become.cheaper to buy from foreign countries. This boost AD as Exports are a factor of.AD. A rise in the exchange rate means exports become.expensive and foreign countries find high prices less attractive and. consume less UK exports, shiftin the AD curve to the left. Less production may also mean a rise. in imports.increasin.the size of the. current account deficit.

Sorry if its confusin maybe try Tutor2u ~ great site explains it well, and gl with unit2 exam!! :smile:

Thanks, that was quite helpful! :smile:

Good luck to you too

Reply 15

Original post by Economicsbgh

Hey. Any ideas on how to structure q4 and 8?
In micro there's a q on demand and supply and one on market failure. Is there similar structure for unit 2?

Posted from TSR Mobile

Yeah same structure but different context. For example: Start off.with definition and Intro (extract X states blah blah blah).
Then dependin on the question you answer it with a point, diagram and logical,chain of reasoning. A trap most ppl fall for is that they WASTE time.explaining.the.diagram... You dont have to do that, but you SHOULD refer to what happens while giving logical links. (I.e. As unemployment increases, LRAS shifts to the left and give coordinates). Evaluate the policy or point youve.made.after every point rather than ONLY at the end, this shows you are evaluating through out and you will,be credited more if you evaluate after every point/policy you talk about. In evaluation talk about Long run VS. short run? Trade offs between different macroeconomic indicators, the bad sides of the policy. And then for.the.final evaluation/conclusion the same.way for.unit1. :smile:

Reply 16

Original post by Shanahey

Thanks, that was quite helpful! :smile:

Good luck to you too

Haha glad I,could help... Didnt.sound helpful though loool, and yh teachin others. is.a.good way to revise :wink:

Reply 17

OP

For the 3rd questions in Section B, could you still get 12 marks without a diagram? If not, how many marks could you possibly get upto without a diagram?

Reply 18

R2D2.

Original post by Shanahey

For the 3rd questions in Section B, could you still get 12 marks without a diagram? If not, how many marks could you possibly get upto without a diagram?

Sometimes, they will say with the help of a diagram... in which case you can only get 8 marks for writing only. Normally diagrams are worth 4-6 marks. And the writing with chain of reasoning is 8 or 12 marks. When it says explain two factors ... you will have to do 2 chains of reasoning with 3 links each so 6 marks each.

Btw can someone give some pointers on this exam? I am not feeling too confident about it. Specially because my essay in Unit 1 was really bad and I am hoping I get higher than 16/17 :frown:

because I really want 90% overall

Reply 19

OP