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) […]

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 […]

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 […]

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 […]

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 […]

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. […]

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 […]

10 MARKER – PAPER 1 & PAPER 2  Short essay (approximately 10 minutes) 2 paragraphs – one analysis paragraph and another evaluation paragraph If the question says ‘Assess / examine TWO factors…’ – need two analysis paragraphs 1. First paragraph – analysis paragraph           – depth           […]

EDEXCEL ECONOMICS AS LEVEL EXAM STRUCTURE 90 minutes per paper 2 sections in each paper Section A 1. 5 multiple choice questions – one mark for each one 2. Short questions:           – ‘define’           – ‘calculate’           – ‘illustrate’       […]