Year 12 Economists

Weekly Update 18

The Best Revision Advice...

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21 days until the big day!

It's been a long time coming, but the big day of finishing your AS Economics course is fast approaching. So how you choose to spend these next 21 days will make the world of difference to not only the grade you get in August, but to the number of opportunities available to you next year and beyond. There are really no shortcuts - in order to be successful in your exams, your level of expectation really needs to match your level of effort. Are you seriously putting quality hours into your preparation so that you are able to produce when it counts? Be totally honest with how you answer this question and then make the necessary adjustments.

"You have the opportunity of a lifetime. But it means absolutely nothing if you don't take advantage of it in the lifetime of the opportunity." - Eric Thomas

My 21 Top Tips:

1. Master the AD/AS model - this is your main framework for Unit 2.

2. Thoroughly go through the causes, consequences and cures for the main macroeconomic objectives (you are guaranteed to get questions related to one or more of the following: economic growth, inflation, unemployment and the balance of payments).

3. Context is more important than content. So please understand the context of the question first and make sure you use the data from the extract to support your answers.

4. Label your diagrams accurately and use a ruler (diagram booklet with equilibria).

5. Understand how to calculate, measure and interpret key macroeconomic indicators (notably inflation, unemployment, living standards and economic growth).

6. As you may have noticed, expect policy questions for the 30 marker (fiscal, monetary and supply-side policies) that are related to the macroeconomic objectives.

7. - #Econ2 (for the latest updates for the exam)

8. Follow tutor2u_econ

9. Useful link on productivity:

10. Know how to define all key concepts (glossary).

11. Use the 30 Mark Framework to plan essay questions.

12. Complete past papers under exam conditions.

13. For contextual application marks - collect the most up-to-date statistics on the UK Economy (GDP Growth in Q1 2015 - 0.3%, CPI: -0.1%, Unemployment - 5.5%, Current Account Deficit - £25 billion, Budget Deficit - £76 billion, National Debt - £1.46 trillion)

14. Practice calculations (% change and index numbers)

15. Revision webinar video on monetary policy:

16. Revision webinar video on Supply-side policy:

17. Revision webinar video on The Multiplier and Accelerator Effects:

18. Evaluate the likely effects of weaker growth in China on the UK Economy:

19. Ten Structural problems facing the UK economy:

20. Meeting Exam Objectives in Chunky Paragraphs:

21. Understanding Quantitative Easing:

Exam Dates (Gentle Reminder)

Unit 1 - Competitive Markets: Monday 11th May 2015 (am)...Done! :-)

Unit 2 - Managing The Economy: Tuesday 19th May 2015 (pm)...Done! :-)

Top Revision Videos:

AS Macro Workshop - Saturday

Saturday, May 2nd, 11am-2pm

Paddington Academy (Room 206)

This is the second saturday macro economics revision session scheduled for the new year. For those that choose to attend you must do two things: 1. RSVP the event (below) and 2. send a direct email to me regarding the topics you would like to cover during the three-hour session. Please note: Failure to do these two things will deny you entry into the session. Final sign-ups will end by COB on Friday. Refreshments will be provided on the day!

RSVPs are enabled for this event.

Tutor2u AS Economics Exam Workshop - Tuesday 5th May

There is a final all-day exam workshop for Micro and Macro taking place at Stratford Westfield on Tuesday 5th May. If interested, please sign up here.

Drop-In Sessions with Mr Obanye

Please feel free to sign-up for a 1-1 session with me here.
Class Vision: "100% of students will achieve an A* - B grade in their final exams, whilst also developing the 21st Century learning skills needed to be successful in life after college."
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