Economics help igcse Watch

Husnain Ali
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#1
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How to score an A* in igcse economics and which topics should I focus more ?
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keynes24
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(Original post by Husnain Ali)
How to score an A* in igcse economics and which topics should I focus more ?
it is about practicing past papers, it also depends on the examination board. IGCE CIE is significantly more difficult (IMO) than IGCSE Edexcel. You should revise all topics in the syllabus regardless.
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Husnain Ali
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(Original post by keynes24)
it is about practicing past papers, it also depends on the examination board. IGCE CIE is significantly more difficult (IMO) than IGCSE Edexcel. You should revise all topics in the syllabus regardless.
Thank you for your kind response ..
In 8 and 10 mark question , how many points should one write ??
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keynes24
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(Original post by Husnain Ali)
Thank you for your kind response ..
In 8 and 10 mark question , how many points should one write ??
you need to check the mark scheme for structure on how many points/analysis/evaluation
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Husnain Ali
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If gov tries to reduce inflation than Economy will face high unemployment level .. How ?
Can someone please explain it ..
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funkygirl14
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(Original post by Husnain Ali)
If gov tries to reduce inflation than Economy will face high unemployment level .. How ?
Can someone please explain it ..
Okay so I didn't revise for my CIE exam yet but this is my best try:
Reducing inflation = reducing spending = reduced spending = firms cut back production as demand plummets = firms lose profit = they have to begin to make workers redundant as cost>revenue = high unemployment.

Hope I helped and feel free to ask more! Are you doing CIE Economics?
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Husnain Ali
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(Original post by funkygirl14)
Okay so I didn't revise for my CIE exam yet but this is my best try:
Reducing inflation = reducing spending = reduced spending = firms cut back production as demand plummets = firms lose profit = they have to begin to make workers redundant as

cost>revenue = high unemployment.

Hope I helped and feel free to ask more! Are you doing CIE Economics?
Thanks for the help !!
Yeah I'm going to appear for Cie economics ,wbu ?
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funkygirl14
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(Original post by Husnain Ali)
Thanks for the help !!
Yeah I'm going to appear for Cie economics ,wbu ?
Same, on the 1st and 4th? What topics do you want to come up?
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Husnain Ali
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(Original post by funkygirl14)
Same, on the 1st and 4th? What topics do you want to come up?
I've covered whole of my syllabus except gov aims ( section 5 )
Can you help me with demand side and supply side policies ?
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funkygirl14
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(Original post by Husnain Ali)
I've covered whole of my syllabus except gov aims ( section 5 )
Can you help me with demand side and supply side policies ?
Sure, what do you need?
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Husnain Ali
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(Original post by funkygirl14)
Sure, what do you need?
I've missed those lectures for fiscal policy , monetary policy and supply side policy
I've very less idea what they actually are .. So , any kind of notes would be appreciated ! Or any helpful YouTube videos if you know ??
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funkygirl14
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(Original post by Husnain Ali)
I've missed those lectures for fiscal policy , monetary policy and supply side policy
I've very less idea what they actually are .. So , any kind of notes would be appreciated ! Or any helpful YouTube videos if you know ??
This is a good one i know of for fiscal: http://www.dineshbakshi.com/igcse-gc...d-how-it-works
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Husnain Ali
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(Original post by funkygirl14)
This is a good one i know of for fiscal: http://www.dineshbakshi.com/igcse-gc...d-how-it-works
Alright thank you !
Btw usually which questions you prefer to solve like from section 1 or what ?

I prefer section 1,2 ,4 and 6 ( international trade on safe side )
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funkygirl14
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(Original post by Husnain Ali)
Alright thank you !
Btw usually which questions you prefer to solve like from section 1 or what ?

I prefer section 1,2 ,4 and 6 ( international trade on safe side )
I basically like all the Chapter 1-5 ahah ) I hate chapter 8 slightly
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Husnain Ali
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(Original post by funkygirl14)
I basically like all the Chapter 1-5 ahah ) I hate chapter 8 slightly
Nice
I'm just left with gov aims and taxation ..
Taxation is easy to understand by self study but these fiscal policy etc are killing me
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Husnain Ali
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how gov uses monetary policy ( I.e money supply and interest rate ) to promote the achievement of its macro economics aim ?
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funkygirl14
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(Original post by Husnain Ali)
how gov uses monetary policy ( I.e money supply and interest rate ) to promote the achievement of its macro economics aim ?
Easy Okay so expansionary monetary policy - increase money supply and decrease interest rate to promote spending. Spending = firms expand production to meet consumer demand = have to employ more workers in order to fulfill this = alleviating unemployment rate by gvt. as firms employ more.
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Husnain Ali
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(Original post by funkygirl14)
Easy Okay so expansionary monetary policy - increase money supply and decrease interest rate to promote spending. Spending = firms expand production to meet consumer demand = have to employ more workers in order to fulfill this = alleviating unemployment rate by gvt. as firms employ more.

Easy for you not for me
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jesus313
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Bro, I'm doing edexcel igcse. Basically expansionary monetary policy is changing money supply and interests to achieve macroeconomic objectives. If a country wants to increase employment, Eco growth , they will most likely use expansionary monetary policy where they reduce interest rates. This makes it cheaper to borrow so more consumers do so (also discourages people to save money in banks, as they get less back) , and with the money they spend on goods and services, this increase consumption leads to increase Aggregate Demand, and therefore economic growth. Also employment increases due to derived demand for labor (firms need more workers to cope with the increase in demand). However if a government wants to control inflation they wud probably use contractionary monetary policy- increasing interest rates meaning people are encouraged to save, and makes it more expensive to borrow, so Aggregate demand falls, and thus so does price levels. So it depends on what specific(s) macroeconomic objective the gov wants to achieve, because with each policy it is impossible to achieve them all.
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