The national and international economy exam tips

Exam tips

• Economic performance Economics exam tip 1

  Start with a precise AO1 definition of macroeconomic policy, then apply it to the market, policy or data context before analysing. Apply this to explain AQA section 3.2.3.4 Possible conflicts between macroeconomic policy objectives..

  This keeps AO1, AO2, AO3 and AO4 separate and prevents unsupported evaluation or generic Business-style wording.

• How the macroeconomy works: the circular flow of income, aggregate demand/aggregate supply analysis and related concepts Economics exam tip 1

  Start with a precise AO1 definition of aggregate demand and aggregate supply, then apply it to the market, policy or data context before analysing. Apply this to explain AQA section 3.2.2.2 Aggregate demand and aggregate supply analysis..

  This keeps AO1, AO2, AO3 and AO4 separate and prevents unsupported evaluation or generic Business-style wording.

• How the macroeconomy works: the circular flow of income, aggregate demand/aggregate supply analysis and related concepts Economics exam tip 1

  Start with a precise AO1 definition of aggregate demand and aggregate supply, then apply it to the market, policy or data context before analysing. Apply this to explain AQA section 3.2.2.3 The determinants of aggregate demand..

  This keeps AO1, AO2, AO3 and AO4 separate and prevents unsupported evaluation or generic Business-style wording.

• Economic performance Economics exam tip 1

  Start with a precise AO1 definition of inflation and the price level, then apply it to the market, policy or data context before analysing. Apply this to explain AQA section 3.2.3.3 Inflation and deflation..

  This keeps AO1, AO2, AO3 and AO4 separate and prevents unsupported evaluation or generic Business-style wording.

• Financial markets and monetary policy Economics exam tip 1

  Start with a precise AO1 definition of monetary policy, then apply it to the market, policy or data context before analysing. Apply this to explain AQA section 3.2.4.3 Central banks and monetary policy..

  This keeps AO1, AO2, AO3 and AO4 separate and prevents unsupported evaluation or generic Business-style wording.

• The international economy Economics exam tip 1

  Start with a precise AO1 definition of international trade, then apply it to the market, policy or data context before analysing. Apply this to explain AQA section 3.2.6.2 Trade..

  This keeps AO1, AO2, AO3 and AO4 separate and prevents unsupported evaluation or generic Business-style wording.

• The international economy Economics exam tip 1

  Start with a precise AO1 definition of exchange rates, then apply it to the market, policy or data context before analysing. Apply this to explain AQA section 3.2.6.4 Exchange rate systems..

  This keeps AO1, AO2, AO3 and AO4 separate and prevents unsupported evaluation or generic Business-style wording.

• The measurement of macroeconomic performance Economics exam tip 1

  Start with a precise AO1 definition of macroeconomic performance data, then apply it to the market, policy or data context before analysing. Apply this to explain AQA section 3.2.1.1 The objectives of government economic policy..

  This keeps AO1, AO2, AO3 and AO4 separate and prevents unsupported evaluation or generic Business-style wording.

• The measurement of macroeconomic performance Economics exam tip 1

  Start with a precise AO1 definition of macroeconomic performance data, then apply it to the market, policy or data context before analysing. Apply this to explain AQA section 3.2.1.2 Macroeconomic indicators..

  This keeps AO1, AO2, AO3 and AO4 separate and prevents unsupported evaluation or generic Business-style wording.

• The measurement of macroeconomic performance Economics exam tip 1

  Start with a precise AO1 definition of macroeconomic performance data, then apply it to the market, policy or data context before analysing. Apply this to explain AQA section 3.2.1.3 Uses of index numbers..

  This keeps AO1, AO2, AO3 and AO4 separate and prevents unsupported evaluation or generic Business-style wording.