Economics
Phillips Curve
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Level: AS Levels, A Level, GCSE – Exam Boards: Edexcel, AQA, OCR, WJEC, IB, Eduqas – Economics Revision Notes Philips Curve – Diagram This suggests policy makers have a choice between prioritising inflation or unemployment. In the 1950s and 1960s, the analysis of the Philips Curve suggested that there was a trade-off and policy makers could […]
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Revision Plan For You
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Step 1: Choose a Topic Go to the contents page for Microeconomics or Macroeconomics on Website Link: www.thetutoracademy.com. Contents Page – Micro Economics https://www.thetutoracademy.com/revision-notes/micro-economics-contents-page Contents Page Macro Economics https://www.thetutoracademy.com/revision-notes/macro-economics-content-page/ Pick a single topic from the list provided. You can use the links provided or the search box to find the topic you want […]
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Macro Economics Content Page
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A AGGREGATE DEMAND B BALANCE OF PAYMENTS C CIRCULAR FLOW OF INCOME CONFLICTS – MACROECONOMIC OBJECTIVES CONFLICTS BETWEEN MACROECONOMIC POLICIES CONSUMPTION COMMERCIAL BANKS & INVESTMENT BANKS D DEBT RELIEF DEMAND-SIDE POLICIES E ECONOMIC GROWTH – CAUSES / BENEFITS / COSTS EMPLOYMENT & UNEMPLOYMENT EQUILIBRIUM LEVELS OF REAL NATIONAL OUTPUT EXCHANGE RATES EXPORTS / IMPORTS (TRADE) […]
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Micro Economics Contents Page
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A ABSOLUTE & COMPARATIVE ADVANTAGE ALTERNATIVE VIEWS OF CONSUMER BEHAVIOUR ASSESSING THE POTENTIAL OF DIFFERENT ECONOMIES B BARRIERS TO ENTRY AND EXIT BUSINESS GROWTH BUSINESS OBJECTIVES CAPACITY UTILISATION C COMPETING ON PRICE CONSUMER & PRODUCER SURPLUS CONTESTABILITY COSTS CROSS ELASTICITY OF DEMAND D DEMAND DEMERGERS DIMINISHING MARGINAL UTILITY DIRECT & INDIERCT TAXES DISECONOMIES OF SCALE […]
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Demand / Supply questions
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DEMAND AND SUPPLY SHIFTS QUESTIONS Using a supply and demand diagram, show an impact on a firm which has a successful advertising campaign and a government providing a subsidy Using a supply and demand diagram, show an impact on a firm which produces a good consumers have an increased preference in and a […]
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AD / AS Questions
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AD / AS QUESTIONS 1. Draw an ad/as diagram showing the impact on the UK economy of an increase in interest rates and an increase in education and training 2. Draw an ad/as diagram showing the impact on the UK economy of a decrease in income tax and an increase in national minimum […]
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How to write a good analysis paragraph
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HOW TO WRITE A GOOD ANALYSIS PARAGRAPH 1. Start by making a basic point – make it short and simple 2. Explain why – the cause of the point you just made – include chain of analysis 3. Answer the question by focusing on the […]
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15 Marker – Paper 1 & Paper 2
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15 MARKER – PAPER 1 & PAPER 2 ‘Discuss’ question – focus on the depth of analysis and evaluation Breakdown of the question Knowledge (3 marks) Application (3 marks) Analysis (3 marks) Evaluation (6 marks) 2 Analysis paragraphs AND 1 or 2 Evaluation paragraphs Analysis Paragraph 1: depth application diagram if it illustrates what you […]
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25 Marker – Paper 1 & Paper 2
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25 MARKER – PAPER 1 & PAPER 2 Pick one 25 marker in Paper 1 and one 25 marker in Paper 2 No extracts for application – use your own knowledge Evaluation question for one policy / thing 1. Start with definitions – state and define all the key terms in the question 2. […]
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Evaluation in Economics
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EVALUATION IN ECONOMICS What is an evaluation? An evaluation tells an examiner where to focus attention by directing them to your way of answering the question Evaluate throughout your essay and in your judgement How to evaluate 1. Prioritise points in order of importance – weigh up and prioritise points on either side of the […]
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