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AQA Economics AS May 2015

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Original post by ie123
YOU NEED OT RELATE TO THE FOUR MAIN ECONOMIC OBJECTIVES: GROWTH, PRICE STABILITY, BALANCE OF PAYMENTS AND EMPLOYMENT.

If you relate your points back to these objectives then your guaranteed to high marks (Assuming there relevant).

E.g Increase infrastructure leads to an increase in the LRAS (Then illustrate the LRAS curve.), then discuss how this effects employment and relate the positive multiplier effect etc. etc.


also something I forgot to mention explicitly
my teacher said that it will be on either austerity or deflation most likely. Both are demand side and are mainly about govt spending
Original post by sulliver98
my teacher said that it will be on either austerity or deflation most likely. Both are demand side and are mainly about govt spending


How are you supposed to write a 25 mark on deflation when theres less than a paragraph in the textbook/revision guides!?

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Original post by TheGreatImposter
How are you supposed to write a 25 mark on deflation when theres less than a paragraph in the textbook/revision guides!?

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it will probably be about how to get out of deflation. Look at this powerpoint. Remember, this is only a prediction so don't just take my word for it that it will be the 25 marker. Check this out. Maybe it will help with the deflation stuff. It is the last couple of slides
ECON PRE-EXAM.pptx81.2KB
Original post by sulliver98
it will probably be about how to get out of deflation. Look at this powerpoint. Remember, this is only a prediction so don't just take my word for it that it will be the 25 marker. Check this out. Maybe it will help with the deflation stuff. It is the last couple of slides


Thank you!! :smile:

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you are very welcome. don't stress out too much. we have less than 2 hours so get some rest as well
Original post by sulliver98
you are very welcome. don't stress out too much. we have less than 2 hours so get some rest as well


I slept 8 hours and had a good breakfast, skim reading my notes now :smile:

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GOOD LUCK EVERYONE!!!

Remember, AS is only the beginning :colone:

And there's always next year if this is your first time, and if you're like me, and retaking, then just don't **** it up :wink:
How did everyone find that? I think it went well. Personally went for context 2

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Was context 2 about macroeconomic objectives


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the 8 marker and 25 marker on context 2 were difficult!
Original post by yoman1109
the 8 marker and 25 marker on context 2 were difficult!


They were sooo easy just compare the highs abd lows


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Original post by Supermanxxxxxx
They were sooo easy just compare the highs abd lows


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I didnt read the question carefully so i just wrote the highest point and lowest point of economic growth and rate of inflation. But then I knew it was wrong as my mates saying you have to compare lol
Original post by yoman1109
I didnt read the question carefully so i just wrote the highest point and lowest point of economic growth and rate of inflation. But then I knew it was wrong as my mates saying you have to compare lol


Lol but egat you did is compare as long as you wrote the highs and lows for growth and inflation


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Avatar for Buses
Buses
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Context 1 was a gift.
Original post by Supermanxxxxxx
Lol but egat you did is compare as long as you wrote the highs and lows for growth and inflation


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I wrote

the highest point of economic growth were XXX% during 20XX and highest point of inflation were XXX% during 20XX
the lowest point of ................................

because thats how teachers teach us to do. But then my mates saying its wrong and i misunderstand it
Original post by yoman1109
I wrote

the highest point of economic growth were XXX% during 20XX and highest point of inflation were XXX% during 20XX
the lowest point of ................................

because thats how teachers teach us to do. But then my mates saying its wrong and i misunderstand it


I think thsts right it better be right I wrote that too


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Original post by Buses
Context 1 was a gift.


What was it on again? Growth in construction sector?

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Original post by Supermanxxxxxx
I think thsts right it better be right I wrote that too


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Oh really? what about the 25 marker? Im not really understand what the question asking so i just wrote policies on. how it affect AD and growth etc.
I don't know. Chose context 2, but I felt I verged too far off the question ... as always. Started talking about supply-side policies

F these vague questions.

MCQ once again couldn't be better, completed them in ~13 mins lol.

"Price deflation" is "deflation" right? I mean, I didn't expect them to be talking about deflating footballs or car tyres but wtf was the reason to put price in front

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