A2 ECONOMICS
EASTER REVISION and the final countdown – ECON 1 - 18 May pm, Econ 2 - 25 May am
ECON 3 – 12 June pm; ECON 4 – 20 June am
Easter Revision day – AS 9am-12.30; A2 1pm – 3.30pm
Resources
Use the following tasks to add to your Easter Revision plan – remember to treat as small bite-size sections.
1. Specification: Keep traffic lighting (RAG sheet) the specification and prioritise the red and ambers rather than just cover the course from start to finish. We are yet to cover the Labour Market (monopsony and monopoly) in ECON 3 and WTO and protectionism (tariff diagram)
for ECON 4.
2. Revise key terms – know your definitions (2 DEF), use glossary.
3. Practice your key diagrams – be ready for diagram test after Easter; how can you illustrate current issues: QE3 or dominant forms advertising.
4. If stuck on a topic make use of the Cherwell Economics You Tube Channel. I will do my best to fill remaining gaps on Wednesday, so you have until then to bring my attention to your main concerns for micro or Macro Economics. http://www.youtube.com/user/CherwellEconomics/featured
5. Past papers – AQA website: Select sections of exam papers and email over to me for marking and feedback, I expect to see a regular stream of attempted parts to questions and will try my best to give you feedback within 24 hours. The key is practicing the AQA style of writing. Email: tgray@cherwell.oxon.sch.uk
6. Powell 2012: Use the resources from the revision conference and access the additional ones in the students shared area via Barracuda, or load up on memory stick/email home (size of some documents makes this difficult).
7. Student Unit Guide AQA Philip Allan Updates – worth getting on Amazon. Go over model student responses highlighting PEEE, do you see how they are offering precise logical chain of reasoning and critical analysis (evaluation), do they bring in something new at the end to win the argument.
8. Revision day - 2nd April – come along, attend the AS as well if possible. Alert me to any priority areas before hand to get the most out of the day – the red highlights on your specification.
9. Keep checking over my blogspot for old tips and new postings: www.grayseconomics.blogspot.com. Do use the comment section for help and I will making a new post for all to benefit from.
10. Make use of Revision web-sites out there
http://www.economicshelp.org/
Create your own Easter Revision programme
4 (a) Explain the main factors to be taken into account when conducting a cost benefit analysis
of a proposed investment in a major sports complex, such as an Olympic stadium.
(20 marks)
(b) Evaluate the possible effects on UK markets of the decision to locate the 2012 Olympic
Games in London.
Create your own Easter Revision programme
Econ 4 work due - EU enlargement, see earlier blogspot post.
Econ 4
Study Fiscal Policy: Direct, Progressive, Flat Tax, Canons, PFI, Automatic stabilisers, structural/cyclical deficits, discretionary, OBR, Ricardian Equivalence, Crowding Out
Skills focus
Essay
b) Discuss the impact on the UK Economy of the attempt by the UK Government to reduce the levels of government borrowing and national debt.
Econ 3 - double session
Study Perfect Competition - assumptions, efficiency and welfare impacts, SR and LR analysis.
Study Monopoly - diagram, limit pricing, revenue maximisising, natural, effficency/welfare impacts, economies of scale, innovation, price discrimination.
Skills focus:
Data Q2 June 2010 - Competition and Monopoly: click here
Econ 4
Study Supply Side Economics, impact on productivity/exports
Skills focus
Data Q Jan 09 Oil shock: click here
Econ 3
Study Oligopolies - Kinked demand, game Theory
Data - old exam paper - ECN5 June 08 - patent: click here
Econ 4
Study Globalisation - practice using competitive and comparative advantantage
Econ 3
Study - Efficiency: competitive, monopoly, growth and mergers, technology
Econ 4
Study: Exchange Rates,practice using Marshall Lerner Condition and J curve
Essay - ECN6 - June 08 Q4
4 (a) Explain how a currency’s value against other currencies might be determined. (20 marks)
(b The value of the pound sterling fell by 25% against other major
currencies.
Evaluate the extent to which this might have an impact on UK economic growth or the UK's Balance of Payments.
(30 marks)
For Mark Scheme: click here
4 (a) Explain how a currency’s value against other currencies might be determined. (20 marks)
(b The value of the pound sterling fell by 25% against other major
currencies.
Evaluate the extent to which this might have an impact on UK economic growth or the UK's Balance of Payments.
(30 marks)
For Mark Scheme: click here
Econ 3
Study Environmental Market Failure - externalities and regulation
Essay ECN5 Jan 09 Q4
4 (a) Explain the main factors to be taken into account when conducting a cost benefit analysis
of a proposed investment in a major sports complex, such as an Olympic stadium.
(20 marks)
(b) Evaluate the possible effects on UK markets of the decision to locate the 2012 Olympic
Games in London.
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