Official Edexcel Economics A Unit 2:The UK Economy- Performance and Policies - 23 May

Who wants a prediction? I'm feeling pretty confident I know what's gonna come up

Can someone please explain to me how trade union powers is a supply side policies?Thanks, please rep and follow me!

I could be completely wrong, but I'll say it anyway. By having a trade union employees will be more motivated as they will be treated fairly and have rights in the workplace. If employees are more motivated they will work harder, therefore becoming more productive, increasing aggregate supply. This is imposed by the government through legislation like the trade union act 2016 and is therefore a supply side policy.

Hope this helps.

Getting rid of trade unions is a supply-side policy as if there are no trade unions, they cannot demand things like higher wages and better working conditions. This makes your workforce more flexible as you can 'hire and fire' workers without running into trouble. Ideally, a country wants a workforce that is robust and flexible so therefore getting rid of trade union power allows for this.

Who wants a prediction? I'm feeling pretty confident I know what's gonna come up

I could be completely wrong, but I'll say it anyway. By having a trade union employees will be more motivated as they will be treated fairly and have rights in the workplace. If employees are more motivated they will work harder, therefore becoming more productive, increasing aggregate supply. This is imposed by the government through legislation like the trade union act 2016 and is therefore a supply side policy.

Hope this helps.

Hi, what are you predictions?

🙋🏼🙋🏼🙋🏼 Please, would like to know thoughts but I also think it will be like the 2015 paper as micro was

I was thinking that this years unit 1 was extremely similar to last years old spec unit 1 for section B, however they do have 2 extracts.

But I think it's likely we could get more on Housing and Monetry policy (if it's to follow a pattern), I also think that from a not pattern view, Oil is highly likely to appear as it caused a financial crisis scare at the beginning of the year, they could also focus on fiscal policy since we all know the significance of "balancing the budget" in today's economy and its a high priority for government, it's also something they haven't focused on in previous papers. But prepare for the worst! We could end up with a 15 marker on ILO unemployment if it's the same guy who wrote unit 1

I was thinking that this years unit 1 was extremely similar to last years old spec unit 1 for section B, however they do have 2 extracts.

But I think it's likely we could get more on Housing and Monetry policy (if it's to follow a pattern), I also think that from a not pattern view, Oil is highly likely to appear as it caused a financial crisis scare at the beginning of the year, they could also focus on fiscal policy since we all know the significance of "balancing the budget" in today's economy and its a high priority for government, it's also something they haven't focused on in previous papers. But prepare for the worst! We could end up with a 15 marker on ILO unemployment if it's the same guy who wrote unit 1

Was it housing and monetary policy that came up in unit 2 as well last year?

I was thinking of oil as well, I realised in the Hodder Education reference book for Unit 1 economics, house prices came up in the practice paper at the back of the book, and it came out in the real exam as well. In the Unit 2 book, there's a lot of talk on oil prices.

Who's ready? :'

Anyone did question 2 ??
I asked my friends and all of them did question 1... I think I'm regretting it now though...

Anyone did question 2 ??
I asked my friends and all of them did question 1... I think I'm regretting it now though...