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AQA A-level Economics new 7136 - 06, 13 & 19 Jun 2017 [Exam Discussion] Watch

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    (Original post by hodon99999)
    What did you guys write for the 25 Mark essay on Privatised?? I just waffled I don't even know what I wrote
    same
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    Hey guys collated all exam questions again, makes me really realise how much I don't know. I need to really get up to date with all the news and data didn't use any figures in the micro exam deffo more important for macro

    Topical questions

    25 marks

    • The advantages and disadvantages of globalisation to developed countries such as the USA or the UK.
    • The advantages and disadvantages of free trade/protectionism
    • Evaluate the advantages and disadvantages of Britain’s decision to leave the EU.
    • Analyse the consequence of a weak pound to the UK Macroeconomic performance.
    • Discuss the consequence of a growing account current account deficit to the UK economy.
    • Discuss whether deflation is a threat to the UK Economy.
    • Evaluate the impact of increased fiscal austerity measures on macroeconomic stability.
    • Discuss the impact of free market strategies versus interventionist Strategies to improve growth and development in developing countries
    • Evaluate whether financial market regulation is the most effective way to reduce systemic risk.


    The international economy:
    • Using the data and your knowledge of economics, evaluate the view that the UK should focus its monetary policy on managing the exchange rate in order to improve macroeconomic performance. – June 16, 25
    • Explain how the UK Government could reduce a balance of payments deficit on the current account, other than through the use of import controls, June 15, 15
    • Assess the importance of a floating exchange rate to a country trying to achieve macroeconomic stability, june 14, 25
    • Explain the main features of a single market, such as that which exists within the European Union (EU). (15 marks) June 13
    • Evaluate the possible economic costs and benefits to an EU member state, such as the UK, of being part of the EU single market. June 13, 25
    • Discuss the possible contribution of supply-side reforms to achieving an improvement in the UK balance of trade in goods, june 13, 25
    • Using the data and your economic knowledge, discuss the possible impact on the UK balance of payments of an increasing rate of inflation throughout the global economy, 25 June 14
    • Explain how membership of a customs union, such as the EU, affects the pattern and volume of trade between countries. June 16, 1


    Monetary policy and Fiscal policy

    • To what extent are low interest rates appropriate in the UK at a time of high inflation? June 13, 25
    • Explain possible economic reasons why a government might prefer to cut government spending to reduce a budget deficit rather than raise taxes. 15 Marks June 14
    • Assess the effectiveness of monetary policy in the last 25 years


    Macroeconomic Performance
    • Evaluate the view that reducing unemployment inevitably has trade-offs with other macroeconomic objectives June 15, 25
    • Evaluate the likely impact of a fall in the saving ratio on the performance of the UK economy June 15, 25
    • To what extent do you agree that a further reduction in the UK’s unemployment rate is most likely to be achieved by improvements in the supply-side rather than the demand-side of the economy? June 16, 25
    • To what extent do you agree that a persistent trade deficit is more damaging to the UK’s macroeconomic performance than a persistent budget deficit? Justify your answer.

    Development Economics

    • Evaluate the effectiveness to which the financial sector can promote development in developing and emerging economies – 15 M
    • Evaluate the view that increased economic growth inevitable worsens the gap between the rich and poor in developing countries/conflicts with other macroeconomic objectives 25 Mark
    • Explain the measures of development – 15 M
    • Explain the difference between economic growth and economic development.


    Financial Markets

    Evaluate the case for the BofE to continue to use quantitative easing.
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    Anyone got predictions for what is likely to come up this tuesday? Having done well in Micro, the side I am better in, I feel nervous for tuesday; I have 200 cards to learn in order to ensure that I have learnt the whole spec and I have politics as well on Monday as well as work tomorrow and saturday night so the pressure is on.

    So if you could write predictions id be interested to see what you think!
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    (Original post by junky27)
    Anyone got predictions for what is likely to come up this tuesday? Having done well in Micro, the side I am better in, I feel nervous for tuesday; I have 200 cards to learn in order to ensure that I have learnt the whole spec and I have politics as well on Monday as well as work tomorrow and saturday night so the pressure is on.

    So if you could write predictions id be interested to see what you think!
    I predict something around protectionism / globalisation just because it fits the time frame and probably something to do with monetary policy have you econdalplus predictions in YouTube, he got same of the predictions right for micro so watch his macro potential question videos also good luck with your exams! I have maths the day after so I know how it feels
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    How many makes do you guys think we're needed for an A and A* in micro ?
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    (Original post by physicsamor)
    Hey guys collated all exam questions again, makes me really realise how much I don't know. I need to really get up to date with all the news and data didn't use any figures in the micro exam deffo more important for macro

    Topical questions

    25 marks

    • The advantages and disadvantages of globalisation to developed countries such as the USA or the UK.
    • The advantages and disadvantages of free trade/protectionism
    • Evaluate the advantages and disadvantages of Britain’s decision to leave the EU.
    • Analyse the consequence of a weak pound to the UK Macroeconomic performance.
    • Discuss the consequence of a growing account current account deficit to the UK economy.
    • Discuss whether deflation is a threat to the UK Economy.
    • Evaluate the impact of increased fiscal austerity measures on macroeconomic stability.
    • Discuss the impact of free market strategies versus interventionist Strategies to improve growth and development in developing countries
    • Evaluate whether financial market regulation is the most effective way to reduce systemic risk.


    The international economy:
    • Using the data and your knowledge of economics, evaluate the view that the UK should focus its monetary policy on managing the exchange rate in order to improve macroeconomic performance. – June 16, 25
    • Explain how the UK Government could reduce a balance of payments deficit on the current account, other than through the use of import controls, June 15, 15
    • Assess the importance of a floating exchange rate to a country trying to achieve macroeconomic stability, june 14, 25
    • Explain the main features of a single market, such as that which exists within the European Union (EU). (15 marks) June 13
    • Evaluate the possible economic costs and benefits to an EU member state, such as the UK, of being part of the EU single market. June 13, 25
    • Discuss the possible contribution of supply-side reforms to achieving an improvement in the UK balance of trade in goods, june 13, 25
    • Using the data and your economic knowledge, discuss the possible impact on the UK balance of payments of an increasing rate of inflation throughout the global economy, 25 June 14
    • Explain how membership of a customs union, such as the EU, affects the pattern and volume of trade between countries. June 16, 1



    Monetary policy and Fiscal policy

    • To what extent are low interest rates appropriate in the UK at a time of high inflation? June 13, 25
    • Explain possible economic reasons why a government might prefer to cut government spending to reduce a budget deficit rather than raise taxes. 15 Marks June 14
    • Assess the effectiveness of monetary policy in the last 25 years


    Macroeconomic Performance
    • Evaluate the view that reducing unemployment inevitably has trade-offs with other macroeconomic objectives June 15, 25
    • Evaluate the likely impact of a fall in the saving ratio on the performance of the UK economy June 15, 25
    • To what extent do you agree that a further reduction in the UK’s unemployment rate is most likely to be achieved by improvements in the supply-side rather than the demand-side of the economy? June 16, 25
    • To what extent do you agree that a persistent trade deficit is more damaging to the UK’s macroeconomic performance than a persistent budget deficit? Justify your answer.

    Development Economics

    • Evaluate the effectiveness to which the financial sector can promote development in developing and emerging economies – 15 M
    • Evaluate the view that increased economic growth inevitable worsens the gap between the rich and poor in developing countries/conflicts with other macroeconomic objectives 25 Mark
    • Explain the measures of development – 15 M
    • Explain the difference between economic growth and economic development.


    Financial Markets

    Evaluate the case for the BofE to continue to use quantitative easing.
    Hi, what context in terms of a real life economic situation are they likely to put in ?

    Say a question comes up on Globalisation, Free trade or Protectionism, what context do you think they will give in terms of a real life situation that happened ?
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    I am doing the old spec by the way but the same topics will appear in the legacy and new papers regardless.

    But I also think these topics will come up;

    - Globalisation

    - Free Trade/Protectionism

    - UK Governement Austerity

    - Consequneces of current account deficit for UK
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    (Original post by Danllo)
    Hi, what context in terms of a real life economic situation are they likely to put in ?

    Say a question comes up on Globalisation, Free trade or Protectionism, what context do you think they will give in terms of a real life situation that happened ?
    I think well with trumps debate with protectionism, china's currency manipulation, trying to find articles to the right time period
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    (Original post by physicsamor)
    I think well with trumps debate with protectionism, china's currency manipulation, trying to find articles to the right time period
    Trumps debate on Protectionsim could well be an extract they give
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    (Original post by physicsamor)
    I think well with trumps debate with protectionism, china's currency manipulation, trying to find articles to the right time period
    Do you think they will ask about the UK leaving the EU ? I think it's too predictable to come up and in the legacy paper from June 16 a question came up on UK joining the EU so I don't think that type of question will come up but what are your thoughts on a EU question appearing ?
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    (Original post by Danllo)
    Do you think they will ask about the UK leaving the EU ? I think it's too predictable to come up and in the legacy paper from June 16 a question came up on UK joining the EU so I don't think that type of question will come up but what are your thoughts on a EU question appearing ?
    I'm not too sure they would and brexit is too recent but they could ask about the single marker, the effect of a monetary union for any other country, or if there was an EU maybe about turkeys decision to join the EU?
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    https://www.google.co.uk/amp/www.bbc...s/amp/40208460

    Pound is falling as a result of the exit poll, expected but still a bit of economics!
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    I know it won't be possible for paper 3 but do you think I could get away with not revising financial markets? cos I'm way behind :/
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    guys how many marks do u lose for a 25 marker if u use a wrong statistic???
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    are supply side fiscal policies only related to reductions in tax rates or do they also inlcude policies such as spending on education and training schemes?
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    I really don't think anything about Brexit will come up. The papers were set before the UK's decision to leave and unless they have gone back and changed the papers, which I highly doubt due to money and time, I don't think it will come up. Maybe more general questions about the EU or a case study on Greece or Turkey and their current problems with the EU.
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    my teacher said with everything that has happened and even economists being so unsure about what BREXIT will mean for the UK, its a very loose topic for them to ask us on.

    Also a few have mentioned protectionism appearing in this years paper, not sure if you have taken a look at the spec papers but protectionism was a q on 1 of the 2 papers - so I would say it is unlikely
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    (Original post by tamcat)
    my teacher said with everything that has happened and even economists being so unsure about what BREXIT will mean for the UK, its a very loose topic for them to ask us on.

    Also a few have mentioned protectionism appearing in this years paper, not sure if you have taken a look at the spec papers but protectionism was a q on 1 of the 2 papers - so I would say it is unlikely
    But literally all the good questions came up in both spec papers😭 I hope we at least get globalisation and policies to intervene into a deficit.

    What do you think could come up? I'm so not ready for this.
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    (Original post by SWISH99)
    are supply side fiscal policies only related to reductions in tax rates or do they also inlcude policies such as spending on education and training schemes?
    Supply side policies is anything which aims to enhance economic performance and potential, whether this be interventionist or non-interventionist. So yes an interventionist supply side policy of spending on education and training would help to increase human capital which would improve our productivity, which may lead to increases in economic growth and development. Other supply side policies may include non-interventionist supply side policies such as deregulation, as this would promote competition so increase new business start ups and so increase our productive potential and push our LRAS or our PPF.
    Hope this helps
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    (Original post by physicsamor)
    But literally all the good questions came up in both spec papers😭 I hope we at least get globalisation and policies to intervene into a deficit.

    What do you think could come up? I'm so not ready for this.
    deffo globalisation - wasn't in the spec or last years paper
    maybe interventionist vs market based policies for Econ development - was added to the new spec I believe
    also a question on how something affects macroeconomic performance e.g. discuss the affect of rising oil prices on the macroeconomic performance of an economy - my teacher thinks these kind of qs are most likely to come up
 
 
 
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