RichardOCB
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I'm doing Edexcel A' - level Economics Specification B in sixth form (i'm in year 11 currently but preparing because of the covid 19 situation) and wanted to know if I would have to learn theories from different economists like Keynes etc. If so to what level would I have to know about their respective theories in order to prepare for A' - level. Thanks :')
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tmr19
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I did OCR which is quite similar to Edexcel. The vast majority of the course is fundamentally Keynesian - the macro side in particular teaches MMT/Keynesian policies and theories quite a lot, and all AD/AS analysis is Keynesian. You do use quite a lot of other theory and models from other economists though (Adam Smith's Specilisation/DoL, Heckscher-Ohlin model etc.). A2 macro makes heavy use of these models and theories to explain things like trade and poverty cycles.

During AS I remember we did some basic analysis of the different economic schools like Austrian, Classical etc. This wasn't too in depth - we just had to be able to distinguish and explain the fundamental differences
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RichardOCB
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(Original post by tmr19)
I did OCR which is quite similar to Edexcel. The vast majority of the course is fundamentally Keynesian - the macro side in particular teaches MMT/Keynesian policies and theories quite a lot, and all AD/AS analysis is Keynesian. You do use quite a lot of other theory and models from other economists though (Adam Smith's Specilisation/DoL, Heckscher-Ohlin model etc.). A2 macro makes heavy use of these models and theories to explain things like trade and poverty cycles.

During AS I remember we did some basic analysis of the different economic schools like Austrian, Classical etc. This wasn't too in depth - we just had to be able to distinguish and explain the fundamental differences
ah, thank u so much!
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tmr19
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(Original post by RichardOCB)
ah, thank u so much!
Feel free to ask any other questions on the course
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