AQA Economics AS May 2015

My teacher is going I complain about the income inequality definition. Its on the unit 3 specification next year, not this year!

I'm sure for AQA you still have to study income inequality as a market failure in AS Economics

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Reply 601

KimberlyKumar

2

GUYSS LISTEN UPPP THIS CAN BE HELPFUL FOR EVERYONE, does anyone have the current statistics that are needed for the exam. The current stats for unemployment, inflation, economic growth. By using these stats in the exam you can score higher marks so please post them up on here because I have looked everywhere and I cant find anything. I know that the current inflation rate in 0%.

Reply 602

IDK Tuition

2

Original post by jampot98

I'm sure for AQA you still have to study income inequality as a market failure in AS Economics

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Yes, both income inequality and monopoly come up in unit 1, but you don't look at it in any real technical details until unit 3. Quite a tricky paper all in all.

Tom (IDK-tuition.com, free online economics videos and resources)

Reply 603

Renzhi10122

11

Original post by KimberlyKumar

GUYSS LISTEN UPPP THIS CAN BE HELPFUL FOR EVERYONE, does anyone have the current statistics that are needed for the exam. The current stats for unemployment, inflation, economic growth. By using these stats in the exam you can score higher marks so please post them up on here because I have looked everywhere and I cant find anything. I know that the current inflation rate in 0%.

All on here http://www.tradingeconomics.com/united-kingdom/indicators

Reply 604

Curtis1234

2

WE havent really solidly nailed the essays of Macro (I have a general understanding of it) but not to the same standard as micro. Can someone briefly show me a generic exam plan with an example question? It would be much appreciated :smile:

Reply 605

jampot98

2

Original post by Curtis1234

WE havent really solidly nailed the essays of Macro (I have a general understanding of it) but not to the same standard as micro. Can someone briefly show me a generic exam plan with an example question? It would be much appreciated :smile:

Here's one its just missing diagram's

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Reply 606

jampot98

2

Original post by Curtis1234

WE havent really solidly nailed the essays of Macro (I have a general understanding of it) but not to the same standard as micro. Can someone briefly show me a generic exam plan with an example question? It would be much appreciated :smile:

And another one

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Reply 607

Curtis1234

2

Thanks so much, Im just gonna make notes on each one :smile:

Reply 608

zennadesigns

gosh - im so gutted about this exam,
i did context two
for the 25 marker i just talked about how the energy that cars use and produce is a demerit good and therefore produces negative externalities ( drew a neg externalities digram showing how magical private benefit is a greater amount than magical social benefit)
I then talked about how the rationing and signally and incentive function would work in this case , because of the commodities of oil , coal and gas is cheap producers would keep on using this however as it there is a decreasing supply , and excess demand they will increase pieces and this would provide a incentive to consumer not to consumer anymore but as the process go high their will rationing - however the downside of the free market forces of controlling the energy and car industry they will fail to take into account the externilties that are being producing and therefore harming the environment ....

i then wrote a para on subsiding renewable nuclear power stations as it was mentioned in the data as its expensive and therefore producers are less likely to buy it from suppliers however if government subside then the prices will be cheaper and therefore more supply and more usage - however time lag , fossil fuel inelastic as its time and less time consuming and we as humans have high propensity to consume theses necessities

then a para on regulation on fossil fuels that used for car energy production and however point on it being to lax or to tight

then leaving to free market creates more damage and therefore should use combination of subsidy and regulation on fossil fuels as this would remove the negative externalises and promote renewable energy
and alternative could be education on how bad fossil fuel is and how bad it is for the environment
however depends on government information and mag and time lag

please tell me if this is even correct

Reply 609

Curtis1234

2

On the 2nd essay when you mention about how rising consumption is only beneficial when there is spare capacity. Could I mention about the Keynsian diagram illustrating y1-y2 to be only beneficial in recessions/slumps.

Reply 610

jampot98

2

Original post by Curtis1234

On the 2nd essay when you mention about how rising consumption is only beneficial when there is spare capacity. Could I mention about the Keynsian diagram illustrating y1-y2 to be only beneficial in recessions/slumps.

Sorry these essays aren't written by me, my teacher gave them to me.
But yes I think the diagram you would illustrate that point with would be a Keynesian long run AS curve. So during the flat part of the curve, where there's spare capacity increasing AD will increase GDP without a trade off with inflation.

Reply 611

jampot98

2

If this helps anyone, this is a rough break down of ECON2 my teacher did for the class.

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Reply 612

Supermanxxxxxx

5

Original post by Jim Riley

Geoff is running three exam revision webinars on Saturday evening to help students preparing for the ECON2 paper on Tuesday afternoon.

You can register free for these sessions using these links:

Living Standards and Human Development:
https://attendee.gotowebinar.com/register/2523081584582306818

Supply-Side Policies in the UK
https://attendee.gotowebinar.com/register/5500969190436815362

Aggregate Demand & Supply
https://attendee.gotowebinar.com/register/2783868150504756738

A recording of Geoff's recent webinar on the UK Economy (highly recommended) can be viewed here:
http://beta.tutor2u.net/economics/reference/uk-economy-in-2015-exam-revision-webinar

There are also some other revision videos for AS Macro here:
http://beta.tutor2u.net/economics/reference?searched=y&q=&type=3438&level=2999&board=

Jim

Are these free

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Reply 613

jampot98

2

Original post by Supermanxxxxxx

Are these free

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Yes they are, some of the times have changed for them though

Reply 614

whydoidothis?

21

Original post by jampot98

If this helps anyone, this is a rough break down of ECON2 my teacher did for the class.

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Thanks man my teacher is horrible, he gave us essay for homework and lots of booklets a week before the exam. Worst thing is he made us mark them, my friend had no clue what to give my essay so now im cramming econ 2 crazy.

Reply 615

jampot98

2

Original post by whydoidothis?

Thanks man my teacher is horrible, he gave us essay for homework and lots of booklets a week before the exam. Worst thing is he made us mark them, my friend had no clue what to give my essay so now im cramming econ 2 crazy.