Christmas Homework AS & A2

For AS students and resits please answer Q2 from June 2007 - click the link here: June 07 ECON 2
AS students - revise all of term 1 and 2 work for multiple choice test.

A2 Macro Fiscal Question complete essay question - click link here: 3 June 2010

Economics debate - Weds 14 Dec Training Room 12.40

Topic for discussion: The Eurozone has a trade crisis not a debt crisis.
Source: Martin Wolf - Financial Times - Weds 7 December. Subscribe for free.

Also worth a look for charts: Confessions of a dangerous mind

Has the UK's tax system become more progressive?

Interesting article on the VAT rise - good possible exam question for AS and A2 - click here: Tax research UK

Still don't get changes in AD?

Try this link: BrynJonesOnline

AS Homework - due week ending 9 Dec

Year 12 students Answer Q26 June 09 Q3 ; AS resits answer whole question. for link to paper click here: June 09 Econ 2

Autumn Budget

Follow the Chancellor's Autumn Budget Statement on the BBC. Add your comment here: What will it mean for the UK?

AS Economics Tuesday 22 November

Study Chapter 25 Consumption and Savings p165-172 including Applied Economics
Answer Questions 2, 3 and 4.

Extension activity - for the more mathemaical minded look at Tutor2u and and answer Q1 in Ch 25.

Economy watch: What next for Britain?

Great summary of current developments from This is Money and how we got here. Why is Britain in the 'ring of fire'?

Also from the BBC -

Eurozone debt web: Who owes what to whom?

Monetarism at A2

Some useful additional resources for going over class notes:
PAJ Holden

Economics Help

Tutor2u Quantity Theory of Money

Quantitative Easing Explained

Homework: June 08 ECON 6 Data Question 1 INFLATION due week ending 25 Nov

Going up a gear in exam skills

Differentiated Independent Study - stretch yourself and listen in to Stephanomics on Stephanomics or check the short articles and broadcasts to improve your basic understanding.
AS ECON1 Homework - for AS resit students: Jan 09 Q26

AS ECON 2 Homework - for AS students first time round and resits: Jan 09 Q27 section a,b, c and d - due back week beginning 7 November
Remember to use latest exam tips in student shared area.

Good Websites for Economics data

Indexmundi - ranks countries
Gapminder - graphs world's most important trends

Tutor 2u resources

With such rapid change in the global economic environment it is often hard to keep on top of developments day-to-day. The Tutor2u economics blog has some great resources this week which might help.

The IMF report on the global economy was packed full with useful data and analysis.  

Penny Brooks found this really useful decision-tree which outlines the options open to the Troika and Greek politicians.

http://www.tutor2u.net/email/link.php?M=38609&N=349&L=669&F=H

Geoff Riley has also produced this PowerPoint presentation which has ten key macro charts for the Greek economy :

http://www.tutor2u.net/email/link.php?M=38609&N=349&L=670&F=H

For matters closer to home, Michael Smalley has found these two videos which help bring you up to speed on the issues facing the UK economy;

http://www.tutor2u.net/blog/index.php/economics/comments/unit-4-macro-two-good-videos-on-uk-economy/

Finally, don't forget the weekly Biz Quiz.  The latest edition, with ten questions on the economics & business news from last week is now available:

http://www.tutor2u.net/email/link.php?M=38609&N=349&L=673&F=H
http://www.tutor2u.net/email/link.php?M=38609&N=349&L=668&F=H

Year 11now - starting Year 12 next year reminder!

New Year 12 2011-12 Economics Homework

Welcome

Following your pre sixth lessons we would like you to complete as homework over the summer holidays the following tasks, due to be handed in first day back:

ECON 1 - Write up a report explaining the main reasons why the price of oil has fluctuated in recent years and what you expect it to do next?

ECON 2 - Write a news article on: "Is the Government right to proceed with the pace and size of its government spending cuts?"

For both pieces of work refer to try to avoid normative (opinion based judgements) and instead use positive economics referring to research you have used, economic theories you might have discovered and economics data.

If you want to stretch yourself - see the 'Strech yourself' post. Please feel free to comment - ask for additional help.

Economics in Song

Two of my favourites - please comment if you find anymore or come up with your own?

Economics breakdown song http://www.youtube.com/watch?v=afBw6FyPf34 - now on itunes.

Euro Crisis Song - http://www.guardian.co.uk/business/video/2011/jul/14/euro-crisis-song-video

Summer Homework

A2 Economics
Select one of the summer reads on grayseconomics.blogspot.com or do a lightread of your Anderton textbook.

Mr Gray
Answer all questions ECON4 June 2011 Q1 Africa (handed out in lessons) alternatively answer Q1 June 08 Econ 6 paper (6141)

Miss Read/Mr Lawfull
Study Chapters 40 to 45 -take notes for ECON3
Answer Data Question on pg 305 on the world commodity market for Steel.

Both due first day back in September - Enjoy!

Free event: Keynes v Hayek 26 July, London

A new event for Tuesday 26th July has been added to the LSE listing today, which is a debate to be chaired by Paul Mason, economics editor of BBC 2’s Newsnight (and author of Meltdown: The End of the Age of Greed) and recorded by BBC Radio 4 for broadcast later on 3rd August. Billed as a debate between modern day followers of the sharply contrasting ideas of Keynes and Hayek, one of the speakers will be Robert Skidelsky, Emeritus Professor of Political Economy at the University of Warwick, with others to be confirmed. Entry is free, and no tickets are required as it will be first-come-first-served. Source - Tutor2u Economics blog.

Not only good for the type of insightful comments you need in the A2 exam but also good for your UCAS statement and University interviews.

Bank of England visit letter

TG/sb

22 June  2011

Dear Parent/Guardian

I am pleased to inform you that we have been able to arrange for a visit to the London Dockland Museum, Bloomberg in the City of London and the Bank of England Museum on Monday 11^th July. The trip will offer a valuable insight into the global commodities market in the City of London and how the Bank of England is dealing with the challenge of targeting inflation.

The cost of the trip is £12.50 to cover transportation by coach from Cherwell School to the locations we are visiting. We will be leaving the School at 8.00am and returning by 6.00pm, students are to report to reception North site by 8am.

In order for your child to participate in this event the school requires parental consent.  Please can you sign the attached permission slip and return it to Mr Gray directly or via your child’s form tutor by Monday 4^th July. Due to restrictions at Bloomberg we have only thirty-three places available and places will be allocated on a first come basis.

We will be using, on this trip, the medical details previously supplied by you.  It is your responsibility to keep us informed of any changes to this information we hold on your child.

May I take this opportunity to wish your child well with the start of their A2 course

Yours sincerely

Tony Gray                                            

FACULTY LEADER _SOCIAL SCIENCES

-----------------------------------------------------------------------------------------------------------------------------------------

o I am happy for my child to visit Bloomberg and Bank of England on July 11^th and enclose a cheque for £12.50 made payable to the School .

o Unfortunately my child will not be able to visit Bloomberg and the Bank of England.

I understand that my child will be travelling by coach and London Underground.

Childs name __________________________________         Form __________________

Signature______________________________________

Parent name_______________________________

Term 6 2011: Target 2.0 Competition

Welcome to your task for term 6.

The Challenge

In a team of four assess the state of the economy and the outlook for inflation, and then set the interest rate to meet the Government’s inflation target. You may also want to make a decision on quantitative easing – expanding further, reversing or no change.

The Task

Having made your interest rate decision and prepared your case you will make a presentation to the judges: Mr Gray, Mr Lawfull and Miss Read in the week beginning  11 July. Presentation will be no more than 15 minutes long. The precise format of the presentation is up to the team but it should :

·         Examine current economic conditions

·         Give an assessment on the outlook for the economy and inflation; and

·         Present the teams interest rate decision and supporting evidence to the judges.

You will need to split you team up to look at the following separate areas:

·         Money and financial markets – lending, interest rates, exchange rate, shares.

·         Demand and output – GDP, business surveys, house prices, retail sales, savings ratio, trade.

·         Labour market – unemployment, inactivity, wages, productivity.

·         Costs and prices – consumer and factory prices, commodity prices, export and import prices.

After the presentation, the judges will ask a series of questions. It is important that teams confer and that no one dominates the answers provided.

Useful websites:

www.bankofengland.co.uk/education/targettwopointzero  - more information and videos

www.bankofengland.co.uk – mpc minutes

www.timesonline.co.uk/targettwopointzero - economic briefings

www.statistics.gov.uk

www.nomisweb.co.uk – free access to UK labour data

Remember to use the top tips contained in your team's pack of resources.

Welcome

Welcome to The Cherwell Economics blog for students taking AS and A2 Economics.