AQA AS Economics Student Unit Guide Unit 2 The National Economy

AQA AS Economics Student Unit Guide Unit 2 The National Economy

Author: Ray Powell
ISBN-10: 1444148273
ISBN-13: 9781444148275
Edition: New edition
Release: October 1, 2011
Paperback: 104 pages
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Book Description
Perfect for revision, these guides explain the unit requirements, summarise the content and include specimen questions with graded answers. Each full-colour New Edition Student Unit Guide provides ideal preparation for your unit exam: – Feel confident you understand the unit: each guide comprehensively covers the unit content and includes topic summaries, knowledge check questions and a reference index- Get to grips with the exam requirements: the specific skills on which you will be tested are explored and explained- Analyse exam-style questions: graded student responses will help you focus on areas where you can improve your exam technique and performance CONTENTS: Content Guidance – National income, economic growth and the economic cycle – Aggregate demand and the circular flow of income – The aggregate demand and aggregate supply macroeconomic model – Policy objectives and conflicts – Employment, unemployment, inflation and deflation – The balance of payments on current account – Fiscal policy – Monetary policy – Supply-side policies – Evaluating national economic performance Questions and Answers – The ECON 2 exam – The exam’s assessment objectives – Answering objective-test questions – Answering data-response questions – The four key skills – Evaluation and levels of skills mark schemes – A strategy for tackling the examination – The exam questions in this Guide – Understanding UMS marks Objective-test questions Questions on Topics 1 to 10 Data-response questions Q1: Growth and recession Q2: Investment, productivity and macroeconomic performance Q3: Monetary policy and inflation Q4: Wages and inflation Q5: Fiscal policy and supply-side economics Q6: The UK’s trade and economic slow-down