Year 12s: what will be the first way you research your future options? >>

Economics Unit 2 Edexcel - Managing the UK economy Tuesday 19th May 2015 (PM)

Scroll to see replies

.JC.

They aren't, you just need to know they always balance out the current account in the balance of payments + what makes up the current account (net trade values + current transfers)

Posted from TSR Mobile

Well I have not been taught that, cheers!

Reply 401

prepdream

Guys, what factors cause a movement along AD and what shift it?
I am confusednwith the real balance effect stuff...

Reply 402

.JC.

Original post by prepdream

Guys, what factors cause a movement along AD and what shift it?
I am confusednwith the real balance effect stuff...

Consumption
Investment
Government spending
Exports minus imports

Reply 403

Windies

exams in the afternoon right?
just making sure...

Reply 404

golden tribe

Help

Is quantative easing and money supply the same thing in monetry policy

Reply 405

Hai_Ann

[QUOTE=golden tribe;55956441]Help

Is quantative easing and money supply the same thing in monetry policy

Isn't quantitative easing what increases the money supply by adding it electronically rather than producing it by printing money off? It's not technically the same is it? Isn't it just a process?

Reply 406

Hai_Ann

Original post by Mowtoe

For the 30 marker my teacher suggests 8.
Ist paragraph should be your introduction
The other paragraphs should include your KAA and evaluation. 4 KAA points and 3 evaluation points or vice versa :smile:

Oh really? I got recommended to do 6 paragraphs by my teacher. Thanks.

Reply 407

Hai_Ann

Original post by irMike

Number of paragraphs is subjective, depends whether you put your Evaluation together with your KAA or not.

For eight markers, One paragraph for definitions/data, One for the first point, and another for the second point. So three short paragraphs

12 markers: One paragraph for definitions and data, second paragraph for A point and evaluation, and a third paragraph for a second point, and more evaluation

30 markers: Four paragraphs, same as the 12 marker but with another paragraph for Point + Evaluation, and the paragraphs should be really detailed

Thanks, now I know what to do in the exam hall.

Reply 408

icecreamcake

Original post by ChrisP97

I can't remember seeing any questions in past papers relating to the financial and capital account. Anyone know if they are part of the specification?

They aren't in the spec :smile:

it's just the current account.

Posted from TSR Mobile

Reply 409

nurav11

Original post by .JC.

Well I have not been taught that, cheers!

No worries! Which did you mean though, the current transfers or the financial/capital account stuff?

Reply 410

username1408342

Original post by icecreamcake

They aren't in the spec :smile:

it's just the current account.

Posted from TSR Mobile

Original post by nurav11

Great thats a relief, thanks

Reply 411

nurav11

Original post by Hai_Ann

Thanks, now I know what to do in the exam hall.

Good thing is, unlike micro, all the 12 markers will only ever involve 4 marks tops for eval so it's far more KAA based than unit 1.

Reply 412

golden tribe

Is money supply the same as quantative easing

Reply 413

.JC.

Original post by nurav11

No worries! Which did you mean though, the current transfers or the financial/capital account stuff?

Both

Reply 414

nurav11

Original post by .JC.

Both

Ahah fair enough, you don't need to know them anyway so no biggie :wink:

. If you were making a point about hot money flow into the UK going up due to high interest rates then you could mention that it's an increase in the financial account surplus (as financial account is a record of all financial transactions between the UK and the rest of the world, e.g any foreign direct investment) which would therefore lead to a worsening current account deficit, since BoP must always be 0, caused by appreciation of pound and exports being less price-competitive and more expensive.

Current transfers is a tiny part of the current account, barely worth mentioning, if you're really stuck for an eval point about the current account deficit you could probably mention, 'in evaluation, current account deficit may not worsen as much as expected due to current transfers rising, counteracting the change'. It's basically a transaction in which the paying party receives nothing of economic value in return, so a bailout, foreign aid and government grants to foreign companies come under this category.

Reply 415

Hai_Ann

Original post by nurav11

Good thing is, unlike micro, all the 12 markers will only ever involve 4 marks tops for eval so it's far more KAA based than unit 1.

Phew~! It's a lot more easier then.

Reply 416

anushkagupta4

how are marks broken up in 4 marks 8 marks 12 marks 14 marks 16 marks and 30 marks?

Reply 417

Olive_1996

As a student who is re doing her Unit 2 exam from last year, I doubt it will be on Supply Side polices as this was in the exam last year as was Productivity and Monetary Policy. My bets that it's going to be Fiscal policy...