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    (Original post by charlie7wright)
    Have you been taught WEESTEPS?
    no! teach me please
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    (Original post by LS95)
    no! teach me please
    http://www.tutor2u.net/blog/index.ph...-to-evaluation

    It's pretty straightforward so you should get it after going through that presentation
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    (Original post by LS95)
    anyone have any generic evaluation points?
    Evaluation is kind of just breaking down your chain of reasoning, here are some pts even though you're too lazy to look at WEESTEPS even though it's been suggested.
    SR vs LR
    Unintended consequences,
    Gov Failure, Market failure,
    (mentioning a Trade off between real growth and inflation is good)
    Is world action required?
    OP cost
    Scale of Impact - who does it affect and who does it effect the most?
    Elasticity of demand (ie the increase in exports from a decrease in price leads to an increase in international price competitiveness which may lead to an increase in output of this good BUT the scale of impact depends on the elasticity of demand - elastic more responsive to change in price etc...)
    Will it correct the problem? - SR vs LR
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    This better be somewhat better than that ECON3 paper or I swear to god I am going on a rampage to AQA and massacre them all! :mad:
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    (Original post by RikersIsland)
    This better be somewhat better than that ECON3 paper or I swear to god I am going on a rampage to AQA and massacre them all! :mad:
    hope so did many people find econ3 hard?
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    (Original post by ineedtorevise127)
    How would you answer this question
    Using the data and your economic knowledge, to what extent do you agree with the view
    that the UK economy would benefit if the euro were to be adopted by the UK at some
    point in the future? (25 marks)

    Really hate EU questions!
    This may be of help
    Attached Files
  1. File Type: docx Should UK join.docx (112.6 KB, 268 views)
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    (Original post by Kieran?)
    This may be of help
    Thanks nicely explained as well!
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    (Original post by ineedtorevise127)
    Thanks nicely explained as well!
    Yeah my teacher has written up notes like that for most of the course, they're a life saver when it comes to revision
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    (Original post by Kieran?)
    Yeah my teacher has written up notes like that for most of the course, they're a life saver when it comes to revision
    Please can you upload the Philips curve and Exchange rate notes?
    thanks a lot, will be very happy if you do
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    (Original post by RikersIsland)
    This better be somewhat better than that ECON3 paper or I swear to god I am going on a rampage to AQA and massacre them all! :mad:
    Mmmmmmmmmonster KILLLLLL So how was the Econ3?Data response was terrible
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    I am looking forward to this coming Tuesday hopefully there is question to write about inflation
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    I'm hoping for one of those generic questions on the EU about the potential economic consequences to the UK if certain countries joined/ left the EU. The other section A question can be on unemployment or something like that. The section B questions can be on inflation, supply side policies and exchange rates. It'd be the best paper ever if it questioned these topics and not crap like globalisation (which I still don't know how to define after asking my teacher like 10 times) and the balance of payments..
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    (Original post by BobTheBuilder94)
    Please can you upload the Philips curve and Exchange rate notes?
    thanks a lot, will be very happy if you do
    For the Phillips curve she basically said that the best explanation is here: http://www.economicsonline.co.uk/Glo...ips_curve.html under the heading 'The new-Classical explanation'

    For exchange rates did you want the basics of it or the floating/fixed exchange rate stuff?
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    Can someone please post a model answer to "to what extend do you agree with the view that the UK economy would benefit if the euro were to be adopted by the UK at some point in the future?" It's not a hard question but I wouldn't know what to talk about other than an increase in price stability. Please help
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    (Original post by LS95)
    anyone have any generic evaluation points?
    Your could include to what extent the multiplier or accelerator effect will occur (I use these two concepts in every essay as you can use them whenever there is an increase in AD). For example, if UK consumer have a high income elasticity to import, when their disposable incomes go up, instead of buying UK goods and creating more jobs through the multiplier effect, they will import, resulting in a withdrawal from the circular flow of income.
    With the accelerator effect, you could argue that even if there is a rise in AD and it looks like it will be sustained, firm may still not invest in capital if their confidence is low.

    Hope this helps, you can use these two examples in pretty much every essay so they are worth learning!
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    (Original post by ftw7)
    Your could include to what extent the multiplier or accelerator effect will occur (I use these two concepts in every essay as you can use them whenever there is an increase in AD). For example, if UK consumer have a high income elasticity to import, when their disposable incomes go up, instead of buying UK goods and creating more jobs through the multiplier effect, they will import, resulting in a withdrawal from the circular flow of income.
    With the accelerator effect, you could argue that even if there is a rise in AD and it looks like it will be sustained, firm may still not invest in capital if their confidence is low.

    Hope this helps, you can use these two examples in pretty much every essay so they are worth learning!
    Same here

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    What are some good general points to talk about for a balance of payments question? such as the data responce tend to be
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    (Original post by Lay-Z)
    I need 93 for an A*, really doubt i'll get that considering I got an E in unit 2 lol. Anyone have the jan 13 paper please?
    You have to have got an A overall as AS to get an A* at A-level don't you?
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    (Original post by ftw7)
    You have to have got an A overall as AS to get an A* at A-level don't you?
    No you need A overall so you could get 60,60,100,100 and get A* for units 1 2 3 4 respectively

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    has anyone got like a document or is there a website which covers all the topics in one big thing?
    like revision notes under each topic which can come up; exchange rates, international trade, etc.
 
 
 
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