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Aqa AS Economics Unit 2 19th May 2015

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Just remember to include diagrams/ examples in your 5 mark definition question and you shouldn't lose too many marks! I cover the 25 mark evaluation question in depth on my website, where I've also got a full mark response (too much text to paste here!)

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

Thanks a lot for this!
but i feel like time is a massive hurdle in this exam, so don't you think that drawing a diagram for the 5 marker would waste time.
is there a quicker way to go about it?

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Reply 41

LearningGeek

Original post by finisher489

Introduction

Definition

Points with analysis and evaluation

Draw at least one diagram (AD/AS, LRAS)

Use data quotes (Extract C states that ''.................'')

Use figures and examples from today's UK economy (e.g. Inflation is currently 0%, below the government's target of 2%. It is currently very low because of a fall in the world price of oil.

Write a short conclusion (e.g. In conclusion, I believe that a significant increase in exports may be beneficial to the UK economy in many ways but that there are still limitations of increasing exports.)

Spend 25 mins on the essay, 25 mins on the rest of the data response and 25 mins on multiple choice

Only 25 mins on the essayy?!!
i would say you need at least 35 mins

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Reply 42

keynes24

Original post by LearningGeek

I agree, you only need a diagram if you are aiming at getting less than 5 marks or you don't really know the definition required. 5 marks is usually a definition and as long as you know it, one line is usually more than enough.

Reply 43

finisher489

Original post by LearningGeek

Only 25 mins on the essayy?!!
i would say you need at least 35 mins

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The essay is worth 1/3 of the marks of the paper. Don't spend nearly half of your time on it as you will end up underperforming in the rest of the data response or the multiple choice. I'm just going to listen to my teacher who said that we should spend around 25 mins on it.

Reply 44

keynes24

Original post by finisher489

it is around 25 minutes for the multiple choice (hopefully less) and the rest is for the case study. I have students spending 30, 35 minutes. It varies with every student and your teacher may advice you 25 minutes because he/she may think you only need 25 minutes to complete it successfully, others may take longer. I usually recommend at least 30 minutes.

Reply 45

LearningGeek

Original post by finisher489

I understand, that does make sense tbh

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Reply 46

LearningGeek

Original post by keynes24

30 mins for the multiple choice?

Reply 47

Charswatts

My Teacher suggests roughly 1 mark, 1 minute. However you can save some time on the 5 Marker and maybe some of the multiple choice questions if you've practiced, this saved time can be used for the 25 Marker to make a plan.

Reply 48

High Stakes

I finish the multiple choice is 10-15 minutes. It's impossible to make a quality essay with literally only 25 minutes (since it doesn't account for time reading the extracts).

Reply 49

keynes24

Original post by LearningGeek

30 mins for the multiple choice?

30 minutes for the long answer question

Reply 50

boyyo

hey guys, say if i was to get around 50-55 for both the papers, what sort of grade do u think i would be looking at over roughly, thanks :smile:

Reply 51

Jupers

Original post by boyyo

hey guys, say if i was to get around 50-55 for both the papers, what sort of grade do u think i would be looking at over roughly, thanks :smile:

mid-high B. few more marks for an A

Reply 52

boyyo

Original post by Jupers

mid-high B. few more marks for an A

Nice, thanks

Reply 53

Jupers

Has anyone got any exemplar top level 12/25 markers I can have? Want to try and perfect this

Reply 54

User1674917

ThERE IS one THING i JUST DO NOT UNDERSTAND.
hOW ON EARTH IS THE EXCHANGE RATE linked with inflation/interest rates

Reply 55

2ChemistryIsCool

Original post by star80

ThERE IS one THING i JUST DO NOT UNDERSTAND.
hOW ON EARTH IS THE EXCHANGE RATE linked with inflation/interest rates

The exchange rate can cause (X-M) to either shift right or left, then the £ devalues, imports become expensive, so exports are cheaper, therefor increasing (x-m) and by the multiplier effect this increases AD, depending on where in the economic cycle you are it can be inflationary remember AXE (appreciation means x more expensive) and DIE (depreciation means imports more expensive)

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Reply 56

LearningGeek

Original post by star80

ThERE IS one THING i JUST DO NOT UNDERSTAND.
hOW ON EARTH IS THE EXCHANGE RATE linked with inflation/interest rates

Remember, that inflation is an increase in price level
If theres a weak pound, price of imports increases, price of exports decrease, therefore AD increase, therefore price level increase, therefore inflation increases

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Reply 57

IDK Tuition

Original post by LearningGeek

If you can identify a relevant diagram, it'll only take 30 seconds to draw one out. Sometimes it can be hard to know whether you've ticked all the right boxes with your definition and a relevant diagram will always be credited.

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

Reply 58

legolas_09

Can someone explain the accelerator theory?? and how it can be applied into context?

Reply 59

Jeezl

Original post by legolas_09

Can someone explain the accelerator theory?? and how it can be applied into context?

Accelerator effect is the relation between the change in new investment and the rate of change of national income.

This means that when national income goes up, firms spot this increase and invest a proportionately greater amount into investment as the expect more goods to be sold.

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