Edexcel A-level Economics(A) Paper 2 12th June 2018 [Exam Discussion]

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Captainbikini
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#1
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I couldn't find a thread for paper 2 so I just thought Id open a new one...

Any thoughts on the upcoming Paper 2 which is on Unit 2+4 of the Edexcel course?

Anyone have any predictions which topics may be in this exam?
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Rubel Ahmed
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Development will definitely come up. According to my Economics teacher, it's because all the examiners are socialists.
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jkljeril
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People say BREXIT is a guarantee to come. But I'm saying what economic theory do we apply to BREXIT, development? supply side policies? Globalisation? Protectionism?
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laurynbirdy
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BREXIT has to come.... if it doesn’t I’m just gonna be so shocked like the exam board played us...
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Captainbikini
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(Original post by laurynbirdy)
BREXIT has to come.... if it doesn’t I’m just gonna be so shocked like the exam board played us...
Which topics would you link in to it? I would link it to benefits and drawbacks of trading blocs, interdependance, national interest, protectionism what have i missed out?
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laurynbirdy
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(Original post by Captainbikini)
Which topics would you link in to it? I would link it to benefits and drawbacks of trading blocs, interdependance, national interest, protectionism what have i missed out?
Macro Point 1 Leaving the EU will allow the UK to make many free trade agreements with other nations Free trade deals with fast-growing emerging economies might see a surge in UK exports which will add to GDP growth Evaluation: However complex trade agreements take time. The recent EU-Canada free trade deal took seven years to agree. Macro Point 2 Leaving the single market will allow the UK economy to limit net inward migration from EU. This will provide opportunities for UK people to find work and also lead to a slower growth of house prices and rents Evaluation: But the UK suffers from long run skills shortages. Parts of the economy and the NHS are hugely reliant on migration
Macro Point 3: Leaving the single market will diminish UK trade with the EU and cut inward investment. 44% of Britain’s exports go to the EU - £220bn out of £510bn. Higher tariffs would make UK exports more expensive. Evaluation: This depends on the trade deal we make with the EU. Inward FDI depends on many factors including tax & regulations

Overall – the consequences of Brexit for the UK remain highly uncertain

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Captainbikini
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#7
Anyone looking for some probable topics, EconplusDal on youtube has a good video :

https://www.youtube.com/watch?v=8EdI8eBRQC8
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Captainbikini
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(Original post by laurynbirdy)

Overall – the consequences of Brexit for the UK remain highly uncertain

If the examiners are all socialists as quoted above, they will want to hear that brexit is the worst thing, that will ever happen to the UK
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BOBMABENA
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Honestly, we haven't seen any actual essay questions on Finance or Globalization yet so I think it might be a good idea to look over these. Trading blocs and bilateral trade agreements seem to be a better fit for paper 3 since some of the benefits are microeconomic in nature, although they could add them in. Another topic to look over is Terms of Trade and it's relation to the current account and economic growth. Also, never forget development as Paper 2 15 and 25 markers tend to lean on development as a core topic of discussion.
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mabelchiltern
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(Original post by jkljeril)
People say BREXIT is a guarantee to come. But I'm saying what economic theory do we apply to BREXIT, development? supply side policies? Globalisation? Protectionism?
according to econplusdal if brexit comes up just talk about how there's so much uncertainty about what's going to happen, lower consumer and business confidence, how the pound fell sharply but has recovered against the dollar but not really against the euro. it probably won't be a big question but mostly lack of confidence going forward
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mabelchiltern
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financial markets better not come up as a big question
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rhaegar448
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(Original post by Captainbikini)
If the examiners are all socialists as quoted above, they will want to hear that brexit is the worst thing, that will ever happen to the UK
Not because they're socialists, because they have a working understanding of economics
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katieoc719
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Anyone know any last minute essays that are worth planning?
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rhaegar448
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Know the difference between market based and interventionist. Very important.
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Demesne7
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i haven't researched any developing countries. is it really important? help
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10oba-abbad
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Is A-Level Econ hard?
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jkljeril
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Use Benin's cotton industry or Malawi's tobacco leaves
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katieoc719
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Anyone done the exam yet? Don’t know what to revise
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Captainbikini
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(Original post by Demesne7)
i haven't researched any developing countries. is it really important? help
It's good to know an example... I am using guinea bissau since it has a lot of characteristics of an LDC : Political instability, corruption, poor infrastructure, human capital issues (low HDI) , low savings --> Harrod-Domar model etc... Oh and most importantly a PPD on Nuts and Fish
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Sharocky
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has anyone had the exam yet? what should we revise
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