AQA Economics Unit 4 11th June 2013

evaluate the causes of changes in the various phases of the economic cycle (25 marks)

Reply 381

Exotica

Is it stupid of me to completely leave out revising the exchange rates? :/

Reply 382

Original post by Exotica

Is it stupid of me to completely leave out revising the exchange rates? :/

Exchange rates a key topic

Reply 383

qr95

20

Original post by Exotica

Is it stupid of me to completely leave out revising the exchange rates? :/

Don't leave it out completely just read over your notes

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Reply 384

CoolStoryBroo

15

I feel so under-prepared FFS :frown:

Reply 385

andy0000

How do you guys find real life info on globalisation, FDI etc, in the past as well as currently? - Tried google but nothing relevant comes up :s

Reply 386

Original post by Skilled

evaluate the causes of changes in the various phases of the economic cycle (25 marks)

Exogenous and endogenous shocks, demand and supply side - read up on these! Speculative bubbles, political manipulation of the cycle and stock building are all the causes of the economic cycle :smile:

Reply 387

Something to help everyone..... http://www.authorstream.com/Presentation/juliapeters-1278353-macro-diagrams/

Also click on the authors name, there are a whole lot of powerpoints :smile:

Reply 388

Original post by Exotica

Is it stupid of me to completely leave out revising the exchange rates? :/

I've pretty much done this too, but like the guys have said, learn the basics :smile:

Reply 389

Original post by kelbel1

Exogenous and endogenous shocks, demand and supply side - read up on these! Speculative bubbles, political manipulation of the cycle and stock building are all the causes of the economic cycle :smile:

Thanks

Reply 390

SimpleTom

11

Original post by kelbel1

I've pretty much done this too, but like the guys have said, learn the basics :smile:

Could you outline the main things we talk about in an essay entitled

Assess the effects on UK microeconomic performance after a slowdown in growth of China

Reply 391

Original post by SimpleTom

Could you outline the main things we talk about in an essay entitled

Assess the effects on UK microeconomic performance after a slowdown in growth of China

Do you mean macroeconomics performance, or micro? x

Reply 392

Original post by Skilled

Thanks

Oh, and the accelerator and multiplier too. Increases in investment can lead to a positive multiplier effect as a result which causes a more than proportionate rise in national income. Because investment is based on past rises or falls in national income (the accelerator theory), investment increases again, setting off another multiplier effect etc etc... until AD has spirally out of control due to multiplier and accelerator relationship and there's a boom phase in the economic cycle. Of course, the opposite applies to a recession, firms start to cut back on investment and don't even replace capital, causing a downward multiplier as it's a leakage from the circular flow :biggrin:

Reply 393

Original post by kelbel1

Oh, and the accelerator and multiplier too. Increases in investment can lead to a positive multiplier effect as a result which causes a more than proportionate rise in national income. Because investment is based on past rises or falls in national income (the accelerator theory), investment increases again, setting off another multiplier effect etc etc... until AD has spirally out of control due to multiplier and accelerator relationship and there's a boom phase in the economic cycle. Of course, the opposite applies to a recession, firms start to cut back on investment and don't even replace capital, causing a downward multiplier as it's a leakage from the circular flow :biggrin:

How do you evaluate whether economic growth is sustainable in the long run or short run

Reply 394

Exotica

Okay I'm doing everything last minute for this exam because its a retake and I didn't want it to affect my other exams. Got a B in Jan, What can I do to get to and A in the next few hours?
I was thinking of just picking out a few topics and revising them throughly rather than the entire module but it appears to be quite risky :/

Reply 395

SimpleTom

11

Original post by kelbel1

Do you mean macroeconomics performance, or micro? x

Oh, my bad haha, macro!

Reply 396

Axion

15

Apparently they wrote this exam over a year ago. is this true?

Reply 397

Homeboy Hotel

10

Original post by Axion

Apparently they wrote this exam over a year ago. is this true?

They always write the exams at least a year before.

Look at the source line on the data figures of Section A questions, the year/month is always a minimum year before when paper is set.

I'm doing January 10 paper now, and the data say they were 'accessed on 27th May 2008'

Reply 398