Is there a good outline for ocr as level unit 2 economics?

  • 0 votes

Like a strusture of whats in the unit or what the exam will cover. break down of topics

Posted Sat 6th April, 2013 @ 15:16 by shakira

2 Answers

  • 2 votes

Thats the Macro exam right? Basically it is;

  • Macroeconomic objectives (inflation, GDP growth, unemployment, exchange rates and Balance of payments) So you need to know what they are, how they are caluclated etc
  • Aggregate demand (C+I+G+(X-M))- so all the determinants and how they affect it
  • Aggregate supply- How that is affected
  • Government policies (fiscal, monetary and supply side) -What they affect, how and some evaluation of the plocies (sterngths and weaknesses) 
  • International trade (The EU and interventionist policies)- What the policies are e.g. quotas and tariffs and how they affect trade as well as pros and cons of being in the EU

The 18 market will be on the macro economic objectives, international trade or government policies 

Answered Sat 6th April, 2013 @ 15:40 by James Ellis
  • 0 votes

Thank you :)

Answered Sat 6th April, 2013 @ 15:43 by shakira