Hopefully
the AS Micro exam went ok.
As thoughts
turn to AS Macro exam next Tuesday afternoon, here is a great resources with possible exam questions that may come up:
Best wishes
Also - please find the following recommended day by day guide:
Resources Use
the following Revision tasks to add to your revision plan – remember to treat
as small bite-size sections. Traffic
lighted specification – prioritise study of red sections, seek advice and
guidance - email tgray@cherwell.oxon.sch.uk for a
quick answer or to arrange a revision session.
Websites Keep referring to www.grayseconomics.blogspot.com
Edexcel Exam papers Keep
practicing using past questions – roughed out answers, 30 mark essay plans,
timing yourself.
Friday 15 May - Discuss possible policy conflicts 30 marks
Saturday 16 May
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Define demand side policies - Fiscal and Monetary and Supply side, possible diagrams = 6 marks
1st conflict austerity measures causing deflation v monetary policy avoiding deflation, however government would say fiscal policy is supporting monetary - allowing BoE to keep interest rates low for the future. 2nd conflict - Supply side spending on Education (to boost productivity) via new Schools, cuts in tuition fees and reduce inflation v's government spending and the multiplier causing demand pull inflation; however size of multiplier, speed of education spending improving productivity 3rd conflict - Supply side benefit cuts to increase size of workforce to achieve growth versus fiscal concerns to reduce inequality however what else is changing e.g supply side reforms to combat discrimination and income tax cuts, also size of benefit cuts
ECON 2 Reading for revision
Study Monetary Policy, interest rates, (Quantitative Easing – just be
aware that this is tryig to correct banking failure – getting banks to lend),
role of Bank of England.
Skills focus
Answer data question on monetarism.
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Sunday 17 May
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ECON 2 Reading for revision
Check RAG sheet again – go
back over any remaining weak spots
Skills focus
Answer random (which you may not have covered) past exam question
under timed conditions
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Monday 18 May
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Period 4 and 5 – Revision
session – Room 1 with Mr Gray
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Tuesday 19 May
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Morning
– relax – sleep, light exercise, good breakfast.
Room
1 12.00 Pre exam briefing with Mr Gray – key exam skills and knowledge.
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