AQA A-level Economics new 7136 - 06, 13 &amp; 19 Jun 2017 [Exam Discussion]

Original post by Danllo

Hi, what context in terms of a real life economic situation are they likely to put in ?

Say a question comes up on Globalisation, Free trade or Protectionism, what context do you think they will give in terms of a real life situation that happened ?

I think well with trumps debate with protectionism, china's currency manipulation, trying to find articles to the right time period :smile:

Reply 642

Danllo

2

Original post by physicsamor

I think well with trumps debate with protectionism, china's currency manipulation, trying to find articles to the right time period :smile:

Trumps debate on Protectionsim could well be an extract they give

Reply 643

Danllo

2

Original post by physicsamor

I think well with trumps debate with protectionism, china's currency manipulation, trying to find articles to the right time period :smile:

Do you think they will ask about the UK leaving the EU ? I think it's too predictable to come up and in the legacy paper from June 16 a question came up on UK joining the EU so I don't think that type of question will come up but what are your thoughts on a EU question appearing ?

Reply 644

Original post by Danllo

Do you think they will ask about the UK leaving the EU ? I think it's too predictable to come up and in the legacy paper from June 16 a question came up on UK joining the EU so I don't think that type of question will come up but what are your thoughts on a EU question appearing ?

I'm not too sure they would and brexit is too recent but they could ask about the single marker, the effect of a monetary union for any other country, or if there was an EU maybe about turkeys decision to join the EU?

Reply 645

https://www.google.co.uk/amp/www.bbc.co.uk/news/amp/40208460

Pound is falling as a result of the exit poll, expected but still a bit of economics!

Reply 646

ayyboss

4

I know it won't be possible for paper 3 but do you think I could get away with not revising financial markets? cos I'm way behind :/

Reply 647

KingOfDASouf

guys how many marks do u lose for a 25 marker if u use a wrong statistic???

Reply 648

are supply side fiscal policies only related to reductions in tax rates or do they also inlcude policies such as spending on education and training schemes?

Reply 649

Gemmamcconville

1

I really don't think anything about Brexit will come up. The papers were set before the UK's decision to leave and unless they have gone back and changed the papers, which I highly doubt due to money and time, I don't think it will come up. Maybe more general questions about the EU or a case study on Greece or Turkey and their current problems with the EU.

Reply 650

tamcat

10

my teacher said with everything that has happened and even economists being so unsure about what BREXIT will mean for the UK, its a very loose topic for them to ask us on.

Also a few have mentioned protectionism appearing in this years paper, not sure if you have taken a look at the spec papers but protectionism was a q on 1 of the 2 papers - so I would say it is unlikely

Reply 651

Original post by tamcat

my teacher said with everything that has happened and even economists being so unsure about what BREXIT will mean for the UK, its a very loose topic for them to ask us on.

Also a few have mentioned protectionism appearing in this years paper, not sure if you have taken a look at the spec papers but protectionism was a q on 1 of the 2 papers - so I would say it is unlikely

But literally all the good questions came up in both spec papers😭 I hope we at least get globalisation and policies to intervene into a deficit.

What do you think could come up? I'm so not ready for this.

Reply 652

Gemmamcconville

1

Original post by SWISH99

are supply side fiscal policies only related to reductions in tax rates or do they also inlcude policies such as spending on education and training schemes?

Supply side policies is anything which aims to enhance economic performance and potential, whether this be interventionist or non-interventionist. So yes an interventionist supply side policy of spending on education and training would help to increase human capital which would improve our productivity, which may lead to increases in economic growth and development. Other supply side policies may include non-interventionist supply side policies such as deregulation, as this would promote competition so increase new business start ups and so increase our productive potential and push our LRAS or our PPF.
Hope this helps :smile:

Reply 653

tamcat

10

Original post by physicsamor

But literally all the good questions came up in both spec papers😭 I hope we at least get globalisation and policies to intervene into a deficit.

What do you think could come up? I'm so not ready for this.

deffo globalisation - wasn't in the spec or last years paper
maybe interventionist vs market based policies for Econ development - was added to the new spec I believe
also a question on how something affects macroeconomic performance e.g. discuss the affect of rising oil prices on the macroeconomic performance of an economy - my teacher thinks these kind of qs are most likely to come up

Reply 654

Original post by tamcat

deffo globalisation - wasn't in the spec or last years paper
maybe interventionist vs market based policies for Econ development - was added to the new spec I believe
also a question on how something affects macroeconomic performance e.g. discuss the affect of rising oil prices on the macroeconomic performance of an economy - my teacher thinks these kind of qs are most likely to come up

Need to go over econ development then :O
Rising oil prices would kill me hate those questions

Reply 655

Gemmamcconville

1

Does anyone have the section B essay questions for AQA specimen 2015 paper

Reply 656

Original post by Gemmamcconville

Supply side policies is anything which aims to enhance economic performance and potential, whether this be interventionist or non-interventionist. So yes an interventionist supply side policy of spending on education and training would help to increase human capital which would improve our productivity, which may lead to increases in economic growth and development. Other supply side policies may include non-interventionist supply side policies such as deregulation, as this would promote competition so increase new business start ups and so increase our productive potential and push our LRAS or our PPF.
Hope this helps :smile:

thanks for replying!

I was just confused was the only example of a "supply side fiscal" policy my textbook gave was a reduction in taxes. Surely spending on training and education if also both fiscal and supply side.

Reply 657

Original post by tamcat

deffo globalisation - wasn't in the spec or last years paper
maybe interventionist vs market based policies for Econ development - was added to the new spec I believe
also a question on how something affects macroeconomic performance e.g. discuss the affect of rising oil prices on the macroeconomic performance of an economy - my teacher thinks these kind of qs are most likely to come up

what types of questions do you think they could ask on globalisation?

Advantages/disadvantages for developed countries such as the UK?

Reply 658