AQA AS economics. Unit 2 The national economy - Ray Powell

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