The national and international economy exam tips

Exam tips

• Use real-world examples

  In your answers, incorporate real-world examples of government policies to illustrate your points.

  This demonstrates application of knowledge and can enhance your evaluation of the effectiveness of policies.

• Use Real-World Examples

  When discussing macroeconomic indicators, incorporate current events or historical examples to illustrate your points.

  This demonstrates your understanding of the concepts and their application in real-world scenarios, which can enhance your analysis.

• Show all calculation steps when using index numbers

  Write the formula, substitute the values, and simplify step by step, indicating units and the final answer.

  Explicit calculations demonstrate understanding of the relationship between nominal and real values and help avoid errors in interpretation.

• Use clear definitions

  When discussing national income data, always define key terms like GDP and GNI clearly.

  Clear definitions help demonstrate your understanding and can earn you marks in exams.

• Use diagrams to support your answers

  Incorporate diagrams of the circular flow of income in your responses to illustrate your points clearly.

  Visual aids can enhance your explanations and demonstrate your understanding of the relationships between different economic agents.

• Use diagrams effectively

  Always include aggregate demand and supply diagrams in your answers to illustrate shifts and movements.

  Diagrams can help clarify your points and demonstrate your understanding of the concepts.

• Use diagrams effectively

  When explaining changes in aggregate demand, always include a diagram to illustrate shifts in the AD curve.

  Diagrams help to visually represent concepts and can enhance your explanation, making it clearer for the examiner.

• Use diagrams to illustrate your answers

  Whenever possible, include diagrams to support your explanations of shifts in aggregate demand.

  Diagrams can help clarify your points and demonstrate your understanding of economic concepts.

• Use diagrams effectively

  In your answers, include diagrams to illustrate shifts in the SRAS curve and explain the factors causing these shifts.

  Diagrams can enhance your explanation and demonstrate your understanding of the concepts visually.

• Use diagrams to illustrate your answers

  When discussing long-run aggregate supply, include diagrams to show shifts in the LRAS curve and explain the factors causing these shifts.

  Visual aids can enhance your explanation and demonstrate your understanding of the concepts.