A2: using corruption as an example

Just looking through one of your practice essays and reminded me corruption is not always well explained - so please do use the following Tutor2 resource to sharpen up on this:

http://www.tutor2u.net/economics/blog/corruption-should-you-use-it-as-an-example-in-a-question-on-development-economics

6EC04 Revision

Couple of reminders here:

Take some time familiarising yourself with International Competiveness data and what it means for at least two countries of your choice: http://reports.weforum.org/global-competitiveness-report-2015-2016/

Try out these tricky essay questions, can just be plans at this late stage:

Q1a, Q2a, Q3a and 3b

http://qualifications.pearson.com/content/dam/pdf/International%20Advanced%20Level/Economics/2013/Exam%20materials/WEC04_01_que_20150123.pdf

AS Micro economics quizzes

http://www.tutor2u.net/economics/blog/unit-1-micro-revision-quiz-and-game-on-market-prices

http://www.tutor2u.net/economics/blog/as-micro-weekly-revision-quiz-week-1

http://www.tutor2u.net/economics/quizzes/as/basiceconomicproblem1/quiz.html


http://www.tutor2u.net/economics/quizzes/as/ped1/quiz.html


http://www.tutor2u.net/economics/blog/unit-1-micro-10-questions-on-government-intervention scroll down for quiz


http://www.tutor2u.net/economics/blog/unit-1-micro-revision-on-the-price-mechanism scroll down for quiz

http://www.tutor2u.net/economics/blog/unit-1-micro-key-term-glossary-markets-and-market-failure scroll down for quiz

http://www.tutor2u.net/economics/blog/unit-1-micro-revision-presentation-on-externalities scroll down for quiz

Strengths and weaknesses of regulation

Price capping - http://www.tutor2u.net/economics/blog/a2-economics-revision-efficiency-and-price-intervention-in-markets

Performance targets - consider problems with targets in the NHS and train service regarding punctuality.

Evaluating competition policy - http://www.economicsonline.co.uk/Business_economics/Evaluation_of_competition_policy.html

- http://www.tutor2u.net/economics/reference/government-intervention-regulations

Sample Assessment Material new AS and A Level

The link is here:

http://qualifications.pearson.com/content/dam/pdf/A%20Level/economics-a/2015/specification-and-sample-assessment-materials/Economics_AS_Collated_SAM.pdf

New A Level case studies

Economic thinkers

National happiness

Rational or irrational consumers

The Great Depression

Global Financial Crisis

Financial Sector

What is Quantitative Easing?

Worth remembering that the key tip with QE is ensuring you have a straightforward explanation. QE has been used by the Bank of England to increase the money supply by pumping £375 billion into banks and other financial institutions. This increase in the money supply will eventually, it is hoped, result in credit easing thus ensuring households and firms will be able to borrow cheaply. With a resulting increase in Consumption and Investment the UK should be experiencing demand pull inflation and thus avoiding deflation which is associated with recession and rising unemployment.

The side effects associated with QE in the short term:

Rising inequality and increased money supply washes into rising demand for assets - house price boom, vintage car prices soaring and rising commodity prices makining those owning these assets better off.

The pound depreciating given the rise in the supply of sterling.

Whilst remembering to keep it simple - the following links provide some useful background knowledge:

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

http://www.bankofengland.co.uk/monetarypolicy/pages/qe/default.aspx