A2 Tax and Spend

Study Textbook  Anderton Chapters 77 and 78 and Answer worksheets 93, 94, 97 and 98 

Why Tax?
Identify key types of government spending?
Draw an indirect tax on tobacco diagram - indicate incidence of tax for producer and consumer
Produce an expansionary fiscal policy diagram and a separate contractionary diagram.
Using a Lorenz curve indicate pre and post tax lorenz curves, what has happened to the gini co-efficient?
Using two diagrams illustrate discretionary counter cyclical fiscal policies to combat positive output gap and negative output gap scenarios.
What are automatic stabilisers?
What is the multiplier?
What is The Accelerator?

Canons of Tax
How do the canons apply to a fat tax?
http://www.economicshelp.org/blog/5056/economics/pros-and-cons-of-fat-tax/

Answer Q1 and Q2 page 530 Anderton.

Essential A2 6EC04 prep: Keeping up to Speed in Development Economics

Use this highly useful Tutor2u resource:

http://www.tutor2u.net/blog/index.php/economics/comments/unit-4-macro-keeping-up-to-speed-in-development-economics

Remember it is essential that you apply real world examples in your analysis and evaluation so that you can provide extensive responses that Answer The Question (ATQ).

AS Balance of Payments

Study Anderton (yellow book chapter 34, purple book Chapter 32) or Powell (Chapter 22 - ignoring AS/AD analysis) on the Balance of Payments and take notes for sharing in class. Also make use of this excellent AS resource on the Balance of Payments:

http://www.economicshelp.org/blog/5776/trade/

Answer all of worksheets 92 and 93.

Using real world examples: QE Explained

For each policy used in Edexcel Economics you need to provide a real world example - usually UK for a Developed country at AS level and at A2 a Developing and Developed countries.

In looking at monetary policy check out these Videos:

BBC - http://www.bbc.co.uk/news/business-15198789

Bank of England - http://www.bankofengland.co.uk/monetarypolicy/pages/qe/default.aspx

Independent Study - comment on a specific UK Fiscal policy and UK Supply Side policy, remember to leave your name.

Unit 2 model answer - small data questions

Please take a look at the following Video I have put together for how you go about picking up the marks for 4 - 12 mark responses. I will shortly be creating ones for 30 marks and Units 1, 3 and 4. Will try to do something about the text size on new ones; in the meantime paper copies of the model answers have been distributed via AS lessons and are available to resit students.

http://www.youtube.com/playlist?list=PL6D9DF329A0D693C6

AS/A2 resources

Tutor2U always some excellent resources for Economics.

For the latest - go to:  http://www.tutor2u.net/blog/index.php/economics

For starting AS or AS re-sits PAJ has some new Videos for you - esp good on Unit 1: http://www.tutor2u.net/blog/index.php/economics/comments/phil-holden-is-back-economics-videos-online

For AS Unit 2 looking at the Growth debate check out: http://www.tutor2u.net/blog/index.php/economics/comments/conflict-growth-vrs-the-environment

ECN4 Term 6 Recall test

Based on your studies in Term 6 and over the Summer Holidays answer the following:

1.       What is different about absolute and relative Poverty ?                                                                 (4marks)

2.       Draw a Lorenz Curve with examples                                                                                        (2m)

3.        State the Gini coefficient formula                                                                                            (2 m)

4.       List 4 Causes of Poverty and Inequality                                                                                  (4m)

5.       List 4 Consequences of Poverty and Inequality                                                                   (4m)

6.       What is the difference between Growth and Development                                         (2m)

7.       What is the Harrod-Domar Growth Model?                                                                         (4m)

8.       What is the Solow Growth model?                                                                                           (4m)

9.       What are Rostow’s Stages of Growth                                                                                     (4m)

10.   What is the Lewis 2 — sector model?                                                                                      (4m)

11.   What is the dependency theory of Growth and Development?                                 (4m)

12.   What is Debt relief?                                                                                                                        (2m)

13.   What is Micro-finance?                                                                                                                                 (2m)

14.   What is a Fair Trade Scheme?                                                                                                     (2m)

15.   What is the IMF and what does it do?                                                                                     (2m)

16.   What are the World Bank’s Structural Adjustment Programmes?                              (2m)

17 How does Jubilee 2000 as a nongovernment organization  promote growth and development e.g. Jubilee 2000                                                                                                 (2m)

Total Marks                                                                                                                                        /50m