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    Hi i was just wondering what is the recommended amount of time to spend on each question, as i have really poor time management and usually dont have enough time left for the 30 marker but when i dont do it under timed conditions i usually get high marks
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    (Original post by rhysd)
    Hi i was just wondering what is the recommended amount of time to spend on each question, as i have really poor time management and usually dont have enough time left for the 30 marker but when i dont do it under timed conditions i usually get high marks
    Hey,
    The paper is out of 80 marks with 90 minutes exam time, with 10 minutes for reading, analysing and taking notes from the extract, that virtually leaves you with a minute a mark.

    The real exceptions to this would be the 4 and 6 markers which you can usually nail in a minute or two just by: stating data in your answer, mentioning key points the examiner is looking for and maybe even a graph to draw.

    Example: ''Explain how ‘UK ILO unemployment’ (Extract 2, line 1) is measured'' (4 marks)
    The UK ILO refers to the people of working age (between 16-64) who are not currently working and have been out of work in the past four weeks. They must be actively looking for a job and be able to work within the next two weeks.

    This picks up 4 marks instantly and can be written in minimal time, giving you extra for the 30-marker. Be sure not to spend any more than a minute a mark for each question or you're sure to not have enough time for part c) at the end. Be sure for 8 markers NOT to evaluate as you don't need to for most of them and you are otherwise wasting your time if you do.

    If you're pushed for time at the end and you have half an hour left, drop everything to try the 30 marker. It counts as over a third of you Macro paper's grade and hence over a sixth of your overall AS grade (hope my math is correct here) so you should be giving it your best shot.

    My suggestion to you is to do a timed paper everyday leading up to your exam so you are able to write more efficiently and become better accustomed to the 90 minute time limit which even I find quite ludicrous to complete. But anyway, hope that helps somewhat.
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    any predictions for the 30 mark qs ?
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    does investment in research and development come under investment (component of ad)
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    Why does income of high income group rise however low income groups comparatively dont rise in economic growth?
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    how is monetary policy a government molicy
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    (Original post by ctkycrtkxm)
    does investment in research and development come under investment (component of ad)
    I believe so yes.

    (Original post by ctkycrtkxm)
    Why does income of high income group rise however low income groups comparatively dont rise in economic growth?
    Generally, if there's economics growth, firms are making more profit which leads to higher income households being better off since the firm's CEOs and executive members earn outrageous bonuses on top of their salaries as they're the real ones benefiting from the economic growth.

    (Original post by ctkycrtkxm)
    how is monetary policy a government molicy
    I'm sorry...what?
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    can anyone post the current data of uk
    infaltion-
    unemplyment-
    economic growth-
    current account-
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    (Original post by ISandles)
    I believe so yes.


    Generally, if there's economics growth, firms are making more profit which leads to higher income households being better off since the firm's CEOs and executive members earn outrageous bonuses on top of their salaries as they're the real ones benefiting from the economic growth.


    I'm sorry...what?
    MPC is independent of the government. So how does it come under government macroeconomic policy
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    (Original post by ctkycrtkxm)
    MPC is independent of the government. So how does it come under government macroeconomic policy
    I don't actually know, maybe someone else could help shed light on this
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    Monetary policy is actually not set by the govt. It's run by the Bank of England's monetary policy committee (MPC) they look at multiple things to decide the Interest rates but a main one is obviously inflation. Raising interest rates will bring down inflation and vice versa.
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    MPC is independent of the government. So how does it come under government macroeconomic policy

    This was in jan 2013 paper 30 marker in second section..something about government policy... the mark scheme included monetary policy in mark scheme but if you look in examiner report someone wrote MPC control interest rate they were not awarded marks
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    What reference do I need to make in questions that say; "with reference to extract 1, what is meant by [economic term]?" These are the questions that are worth 4 or 6 marks.
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    (Original post by NotNotBatman)
    What reference do I need to make in questions that say; "with reference to extract 1, what is meant by [economic term]?" These are the questions that are worth 4 or 6 marks.
    You just answered your own question
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    (Original post by member1753327)
    You just answered your own question
    Okay, but what reference to the extract is needed? The extract never has the definitions for these terms.
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    You put a statistic in so you explain and define with own knowledge. Then you reference like the current erm rate of cpi inflation is ... etc
    So you reference like a fact or a current value
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    (Original post by falloutboyyy)
    You put a statistic in so you explain and define with own knowledge. Then you reference like the current erm rate of cpi inflation is ... etc
    So you reference like a fact or a current value
    Okay, thanks.
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    Hi there was this question on
    Describing how fiscal policy and supply sode policy can reeuce unemployment ?
    I wrote goverment spending on welfare benefits i. E unemployment benefits can be reduced. But the markscheme said to reduce vat and increase gov spending?
    Can u explain why im worng
    Thnaks
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    Also there was this question
    That said state the impact of high jnflation of macroeconomic objectives!
    I said wage inflation would be high resulting in unemployment risig as firms would attempt to cut costs by firing workers. And used a phillips curve to explain wage inflation .
    Can you explain why am wrong again. ?
    What would you write ?
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    (Original post by nnemo)
    Hi there was this question on
    Describing how fiscal policy and supply sode policy can reeuce unemployment ?
    I wrote goverment spending on welfare benefits i. E unemployment benefits can be reduced. But the markscheme said to reduce vat and increase gov spending?
    Can u explain why im worng
    Thnaks
    You would maybe need to mention why you would reduce unemployment benefits, stating that it reduces the incentive to stay at home and claim benefits and make them look for a job as they are unable to maintain a standard of living they want.

    There may also be things not mentionned in the mark scheme that still provide you with the marks, as long as its logical and correctly relates to the extract.
 
 
 

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