Year 12 Economists

Weekly Update 16

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Assessment Point 3

"If you want to look good in front of thousands, you have to outwork thousands in front of nobody." - Mr Obanye


Isn't it interesting that you are in the same class, with the same teacher, sitting the same exam, but each of you will come out with different results? I am a firm believer in equal opportunity as opposed to equal outcome. Everyone wants to be successful until they see what it actually takes. Those who not only understand what it takes, but who are also courageous enough to do what it takes - will have the greatest chance of being successful both in school and in life. Listen, you all have access to the same resources that you will need to do well in your exams and with less than 21 days left, it will be fascinating to see who takes full advantage of the opportunity and who chooses not to. Do your best. NO EXCUSES! NO REGRETS!


My Top Ten 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.

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)

7. www.twitter.com/search - Econ2 (for the latest updates for the exam)

8. Follow tutor2u_econ

9. Useful article: http://beta.tutor2u.net/economics/reference/policies-to-improve-labour-productivity

10. Know how to define, illustrate and explain the multiplier effect.

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, March 28th, 11am-2pm

Paddington Academy (Room 206)

This is the first 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 one-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.

Breaking News: CPI Inflation has fallen to zero percent! (February and March 2015)

Revision Notes

A new dropbox account has been created that includes revision notes on all macro topics:


Website: www.dropbox.com


Login details below:


Email: paddington.economists@gmail.com

Password: greatstudents


*The revision notes for this week's topics: Exam technique and Glossary can now be accessed by clicking on the relevant topic.

UCAS Guide for Economics (Summer 2015)

To see a comprehensive guide for those looking to study an economics-related degree course at university, please click 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."