Download 24_A2-Economic

A2 Economic revision
Resources from Essay lesson
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Handout of mark scheme for essays
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And page of 3 essay Q’s
New Resource…Log on
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Go to P drive/BS EC
/ A2 Ec
Open up the A2 Macro
Ec workbook April 2010
Look at the range of
worksheets within this.
Also available on
FRONTER!
Other things to do
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Go to Tutor 2 U website
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Look at the Ec Blog
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Select A2 MACRO links – to a wealth of
revision slides.
You will also find links to other relevant
articles
Your task
Use large whiteboard or paper…
Need 3 equal-ish size groups
Review of Macro theory
Your task
Define & who’s
in charge?
Expansionary
policy includes
Benefits of
policy
Limitations of
policy
Evaluative
issues
Monetary Policy
Fiscal Policy
Supply side
policy
Review of Macro theory
Your task
Monetary Policy
Fiscal Policy
Supply side
policy
Define & who’s in
charge?
BoE (9 members)
Govt -
Govt
Expansionary
policy includes
& diagram
Lower IR
3 D’s for Exchange rates
Quantitative easing
Larger govt deficit
Increase tax level or increase tax
allowances (!)
Attract FDI
Ed & training
Reduce TU powers
Deregulation of markets
Size of quantitative easing
Crowding out theory
Size of global monetary support
Global IR’s – to attract FDI
Accuracy of GDP data used
Do high street banks really pass on base
rate?
Size of debt – sustainable
Time to repay
Strength of govt to push through
change in legislation
Opportunity cost
Is labour flexibility really
desirable?
What sort of skills are really
needed?
Need to protect vulnerable
Tax system trade off
Benefits of policy
Limitations of
policy
Evaluative issues
Revision Notes - structure
Topic title
Key theory & issues
Relevant diagram(s)
Benefits of …
Limitations of….
Taxation
Notes on:
Direct and indirect;
progressive, proportional and regressive taxes.
pubic expenditure and taxation to reduce poverty.
Benefits of …
On an economy
- 4 sectors!
Limitations of….
Worksheet
Back to essay Q’s
Work outstanding…!
Have a copy of your lists!
Homework
Create me 2 sets of revision notes for Monday!
WTO
Exchange
Rates
Use syllabus
Can access copy from dept
web pages