Edexcel Economics Unit 2 (New Spec) Watch

Unknwon
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Hey guys, what did you think of the unit 2 paper.
I thought it was a decent paper despite being confused many times.
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AstarAstarA
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Easy apart from 6 f)

Evaluate how successful the MPC was in controlling inflation (20)
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benjo456
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I did 6 g) and it was a fantastic question

"Evaluate the use of demand side policies in the 2008 Global Financial Crisis"
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kavinR
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I did Q1
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TheProKi
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Ah i did 6f but i answered the question for 6g idk how, i talked about the MPC being successful at first controlling inflation in 2011 however in 2015 it led to deflation then i just talked about how to resolve it through policies i think i was supposed to answer that for 6g but the financial crisis caught me off guard so i didnt answer it... Would i get any marks, pretty pissed rn lost 20 easy marks which i wouldve got right.
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Jazzertheman
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pro that sucks man . i was wondering what did u guys do when answering the 3rd question - 'show actual growth on the diagram' and the one which said 'what were the risks to uk of deflation'
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Chidzz
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In the question about deflation and the MPC, I said one of the reasons that they should be concerned is because deflation means that they're not reaching their inflation target of 2%, hope its right.
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Jazzertheman
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ye mentioned that tbf . i also hope its right]
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Bruce267099
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(Original post by Jazzertheman)
pro that sucks man . i was wondering what did u guys do when answering the 3rd question - 'show actual growth on the diagram' and the one which said 'what were the risks to uk of deflation'
Potential growth is all about what you can achieve (AS) so it couldn't of been that therefore i did a shift in AD to the right and labelled all the points.
For the deflation one i basically did a cost benefit analysis of deflation for example it decreases economic growth, less supply in an eeconomy so there is unemployment and a decrease in consumption and then evaluated each one.
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Jazzertheman
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Ah !!! Wish I was thinking like that in the exam, think i made it to complicated for myself
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sheree.98
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(Original post by Unknwon)
Hey guys, what did you think of the unit 2 paper.
I thought it was a decent paper despite being confused many times.
Hi do you know if an unofficial mark scheme has
been made for this paper?
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Bruce267099
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(Original post by sheree.98)
Hi do you know if an unofficial mark scheme has
been made for this paper?
No not yet, but i've just finished one for edexcel theme 2 business, so if people can start remembering the multiple choice questions then i will make one.
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