LearningGeek
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hey there everyone,
if you have found this thread it is possible that you will also be sitting this exam
I will try to post my predictions on possible questions, I hope you find that useful
feel free to comment
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Richard_pullan
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Hey i'm taking as economics as well, what exam board?
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High Stakes
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(Original post by Richard_pullan)
Hey i'm taking as economics as well, what exam board?
I believe he says it in the title.
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Richard_pullan
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oh yeah oops
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LearningGeek
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  1. (Original post by Richard_pullan)
    oh yeah oops
  2. how is your revision going for these exams?
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LearningGeek
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5 markers that have already come up for unit 2:

deficit on the current account of the balance of payments
real incomes
rate of interest
economic cycle
cost-push inflation
structural unemployment
recovery
disposable income
aggregate demand
budget deficit
productive capacity
exchange rate
investment
real GDP
balance of trade in goods and services
economic growth
negative output gap
savings
labour productivity
-----------------------
2014 5 markers were on:
multiplier effect on spending? (correct me if im wrong)
capital stocks
-----------------------
from exams before 2009 :
there were no definition questions before 2009





it seems to me that the 5 markers were a bit more difficult last year
Please don't disregard revising for 5 markers ( I will put up a list of my predictions)
these are easy marks, they could essentially pull your grade up or down


I urge you to still check the papers out for exams before 2009 LINK BELOW
https://zahablog.wordpress.com/past-papers/
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LearningGeek
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topics that have come up in the contexts: (25 marker)

importance of higher labour productivity
significance of household savings
inflation (linked to AD)
consumer expenditure

exchange rate (fall in exchange rate of pound)
measures for reducing unemployment (THIS QUESTION WOULD HAVE BEEN AN ABSOLUTE GOD SEND)
consequences of a fall in investment spending
policies to recover from recession
demand and supply-side policies to achieve economic growth

fiscal and monetary policies in maintaining a stable economy
importance of increase in exports
importance of supply side policies in helping control inflation
impact of cuts in public expenditure
extent to which external trade can be relied upon to bring about recovery
measures taken to reduce size of budget deficit (rise in unemployment?)

use of interest rates best way to control inflation
sustained recovery will inevitably lead to inflation

reduction in income tax is best way to improve performance (SR AND LR)
difficulties the government will encounter when attempting to boost rate of growth
significant increase in exports and reduction in imports
----------------------------------------

all the above questions ask you in some way to link in to the performance of the UK economy- ( I PESONALLY THINK THESE ARE THE BEST SORT OF QUESTIONS, GIVES A LOVELY STRUCTURE TO YOUR ESSAY)


the ones highlighted in red do not ask you directly in the question about 'UK Macroeconomic performance'
but you may still have to write about this


it is helpful to go into the exam knowing:
whether we are on a trade deficit or surplus
rate of inflation
are we achieving growth
rate of unemployment
debt
budget deficit
interest rate
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Sexybadman
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This is very helpful could you do the same for unit 1?


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LearningGeek
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(Original post by Sexybadman)
This is very helpful could you do the same for unit 1?


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Yes, i have got another thread for unit one where i will be doing the same, but i will do it later today
im glad its helpful :-)

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LearningGeek
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(Original post by High Stakes)
I believe he says it in the title.
that's a 'she'
lol
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Sexybadman
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(Original post by LearningGeek)
Yes, i have got another thread for unit one where i will be doing the same, but i will do it later today
im glad its helpful :-)

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Awesome really appreciate this, i struggle with economics especially knowing what diagram to draw for an exam question aha please let me no when you do the unit 1 post! x


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LearningGeek
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(Original post by Sexybadman)
Awesome really appreciate this, i struggle with economics especially knowing what diagram to draw for an exam question aha please let me no when you do the unit 1 post! x


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Okay, dont worry
ill let you know

What are you aiming to get in the exam?

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LearningGeek
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What do you mean when you say you don't know what diagram to draw?

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Sexybadman
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(Original post by LearningGeek)
Okay, dont worry
ill let you know

What are you aiming to get in the exam?

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Hoping to get a C/B i do struggle with economics a lot , and when i say diagrams like for example in the past papers they say for the 12 marker/25marker you always have to draw a graph and explain it I sometimes just don't no what to draw :/


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Jupers
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do you have your predictions for the 5markers
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LearningGeek
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(Original post by Jupers)
do you have your predictions for the 5markers
Ive posted my predictions for unit 1
Will be doing the same for unit 2 but dont know if they will be helpful or what people think of them so waiting for a response to them

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LearningGeek
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A post on time management in the exams

TIME WILL BE YOUR BIGGEST ENEMY! (Aside from the actual knowledge obviously)
therefore managing your time is very important
You can choose to follow this time plan if you want:

25 MCQ - use around 12-15 mins only (15 mins is the maximum)
if you are struggling to do this, practice under timed conditions.
PRACTICE EVERY SINGLE PAST PAPER, I CANNOT STRESS TO YOU THE IMPORTANCE OF THIS
(some questions you will find are repeats)

5 marker- 2 mins max
if you learn your definitions this should be a walk in the park
however, if you get a definition you don't know...use your common sense. write something you think it
might be. ALWAYS INCLUDE AN EXAMPLE IF APPLICABLE

8 marker - ( 8 mins)
if you know the technique, trust me this is easy
LOOK AT THE EXTRACT CAREFULLY...LOOK AT THE TITLE! DONT JUST JUMP AHEAD AND START
COMMENTING ON THE GRAPH OR TABLE. STATE THE HIGHEST AND THE LOWEST. IF IT ASKS FOR
COMPARISONS COMPARE THE HIGHEST TO THE HIGHEST AND THE LOWEST TO THE LOWEST. ALWAYS
INCLUDE DATA FROM THE EXTRACT TO SUPPORT YOUR POINTS

12 marker - 12 mins ( 1 mrk 1 point)
start off with two relevant definitions (NOT THE ONE THEY ASK YOU FOR THE 5 MARKER)
draw a diagram if you need to, not every 12 marker requires a diagram

e.g if it asks "explain the two determinants of saving" this does not require a diagram but instead
provide a detailed explanation. KEEP IT TO THE POINT
25 marker - if you follow this you are left with roughly at least 40 MINS FOR THE ESSAY
this is a bulk of the paper and you can pick up a lot of marks here
start of with a definition but link it to the context of the question
diagram explaining concept in question, explain, analyse, evaluate
do three paragraphs like this
end with a conclusion
MAKE SURE YOU MAKE A PLAN
DONT ACT CLEVER THINKING THAT THIS WILL WASTE TIME, A PLAN WILL TAKE 2 MINS BUT WILL
SAVE YOU TIME IN THE LONG RUN. IT WILL GIVE YOU A STRUCTURE TO FOLLOW.

this is a very generalised way of doing the 25 marker, it really depends what the question is asking



.....hope this helps one person out there at least
(btw don't know what happened to the weird setting out)
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LearningGeek
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(Original post by Sexybadman)
Awesome really appreciate this, i struggle with economics especially knowing what diagram to draw for an exam question aha please let me no when you do the unit 1 post! x


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Posted something in unit 1, let me know if it helps

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nayana71
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This is soo helpful thank you so much!
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econam
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Thanks for this. Any predictions for the unit 2 questions?

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