Check out the following You Tube clips:
AS version
A2 version
Wednesday, 21 March 2012
A2 Economics EU Expansion
FINAL DEADLINE: FRIDAY 27 APRIL
Homework - Study Anderton Chapter 89 Common markets, especially the Applied Economics Section.
Look at the Data Question extracts on Turkey p635 then, rather than answering the questions set, as a 25 mark response answer the following question: Discuss the impact on the UK of Turkey joining the EU.
Email responses to : tgray@cherwell.oxon.sch.uk
Homework - Study Anderton Chapter 89 Common markets, especially the Applied Economics Section.
Look at the Data Question extracts on Turkey p635 then, rather than answering the questions set, as a 25 mark response answer the following question: Discuss the impact on the UK of Turkey joining the EU.
Email responses to : tgray@cherwell.oxon.sch.uk
Friday, 16 March 2012
Experiements in Economics: From the Mocks to the Exams
Revision tip 1: Have you traffic lighted the specification, guide to the course - folder check next week.
Why you should be making use of You Tube Cherwell Economics: click here. It means you get more time in lessons to correct your understanding and master your exam technique.
Revision Tip 2: Revise key Economic terms = 5 easy marks for defining at start of data and lots of marks elsewhere in multiple choice and part c and d of your data response. Create cue cards. Next multiple choice tests on 22nd and 23rd March Econ 1 and 2.
Revision Tip 3: Ray Powell's back of an envelope, whenever you get the chance practice supply and demand diagrams for Econ 1 and AS/AD diagrams for Econ 2. Keep practicing - even if you think you know it. It is a good way to think through economic problems, I still do it!
Remember your mocks:
Cover the entire course in your revision plan
Make sure you stick to your plan and revise enough.
Master exam technique: Practice, Practice, Practice in class and out of class - email attempts to: tgray@cherwell.oxon.sch.uk
Why you should be making use of You Tube Cherwell Economics: click here. It means you get more time in lessons to correct your understanding and master your exam technique.
Revision Tip 2: Revise key Economic terms = 5 easy marks for defining at start of data and lots of marks elsewhere in multiple choice and part c and d of your data response. Create cue cards. Next multiple choice tests on 22nd and 23rd March Econ 1 and 2.
Revision Tip 3: Ray Powell's back of an envelope, whenever you get the chance practice supply and demand diagrams for Econ 1 and AS/AD diagrams for Econ 2. Keep practicing - even if you think you know it. It is a good way to think through economic problems, I still do it!
Remember your mocks:
Cover the entire course in your revision plan
Make sure you stick to your plan and revise enough.
Master exam technique: Practice, Practice, Practice in class and out of class - email attempts to: tgray@cherwell.oxon.sch.uk
Tuesday, 13 March 2012
Deciphering the Mocks
Examiners make the following comments, but what do they mean?
K = Knowledge
D = Defined
Ap = Application, use of data
I = Issue identified, in miost essays you need to identify around 3 issues.
An = good Analysis, weak analysis is indicated by annotation such as: ?, because?, ? , may?, might, so?
EV = basic evaluation will conisder alternative views i.e. however, good Evaluation will challnges the assumptions behind the analysis as you move through your answer. In addition excellent Evaluation will offer powerful insights using the WEESTEPS approach and in conclusion will bring a new powerful insight or point in to win the case.
NR = Not relevant
BoD = Benefit of Doubt - there is something in what you are writing but lacks clear logic, BOD+ is more convincing, BoD- is less convincing.
QWC = Quality of Written communication, struggling to follow what you are saying, common with over long sentences.
NATQ/ATQ = Not Answering the Question, similar to NR
rpt = repeat, normally seen when students simply say what the diagram shows rather than using market forces in ECON 1 or explaining why AD/AS is shifting and why this is having a macro-impact; also often witnessed at the end of an essay in conclusion when the students jsut repeats all the arguments for and against and takes one side.
K = Knowledge
D = Defined
Ap = Application, use of data
I = Issue identified, in miost essays you need to identify around 3 issues.
An = good Analysis, weak analysis is indicated by annotation such as: ?, because?, ? , may?, might, so?
EV = basic evaluation will conisder alternative views i.e. however, good Evaluation will challnges the assumptions behind the analysis as you move through your answer. In addition excellent Evaluation will offer powerful insights using the WEESTEPS approach and in conclusion will bring a new powerful insight or point in to win the case.
NR = Not relevant
BoD = Benefit of Doubt - there is something in what you are writing but lacks clear logic, BOD+ is more convincing, BoD- is less convincing.
QWC = Quality of Written communication, struggling to follow what you are saying, common with over long sentences.
NATQ/ATQ = Not Answering the Question, similar to NR
rpt = repeat, normally seen when students simply say what the diagram shows rather than using market forces in ECON 1 or explaining why AD/AS is shifting and why this is having a macro-impact; also often witnessed at the end of an essay in conclusion when the students jsut repeats all the arguments for and against and takes one side.
Monday, 12 March 2012
Supply Side Economics
Associated with policies to improve the UK's potential output, best illustrated by showing the LRAS or PPF shifting out creating a win-win scenario of sustained growth and lower cost push inflationary pressures.
Phil Holden's video on Supply side economics covers the mainstream free market view and the government interventionist approach, with evaluation click here.
Homework - complete the worksheet this Friday 16th March
Main critique of supply side economics is that if actual growth is not lifted you may see demand deficient negative output gap with rising unemployment. In addition the policies may not work. In either case you need to fully explain why.
Phil Holden's video on Supply side economics covers the mainstream free market view and the government interventionist approach, with evaluation click here.
Homework - complete the worksheet this Friday 16th March
Main critique of supply side economics is that if actual growth is not lifted you may see demand deficient negative output gap with rising unemployment. In addition the policies may not work. In either case you need to fully explain why.
Wednesday, 29 February 2012
ECON 1 - Micro Economics - Externalities
Study Chapters 10, 11 and 13.
Be prepared to be able to draw externalities diagrams, and illustrate the use of taxes and subsidies in any Economics lesson.
Use Tutor2u links:
negative externalities
positive externalities
Also use You Tube Cherwell Economics Channel:
Externalities
Government intervention - tax
Be prepared to be able to draw externalities diagrams, and illustrate the use of taxes and subsidies in any Economics lesson.
Use Tutor2u links:
negative externalities
positive externalities
Also use You Tube Cherwell Economics Channel:
Externalities
Government intervention - tax
Wednesday, 1 February 2012
A2 Economics - What happened at Davos?
Every year The World Economic Forum of leading politicians, economists and business people meet at Davos to discuss Globalisation. With your ECON 4 Data questions focussing on Globalisation this is a must read: click here for BBC link.
Produce a brief report on what you think were the most critical insights into the Global Economy that came out of the 2012 Davos WEF.
Produce a brief report on what you think were the most critical insights into the Global Economy that came out of the 2012 Davos WEF.
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