The national and international economy exam tips

Exam tips

• 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 3.2.1.4 Uses of national income data..

  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 3.2.2.1 The circular flow of income..

  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 3.2.2.4 Aggregate demand and the level of economic activity..

  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 3.2.2.5 Determinants of short-run aggregate supply..

  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 3.2.2.6 Determinants of long-run aggregate supply..

  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 economic growth, then apply it to the market, policy or data context before analysing. Apply this to explain AQA section 3.2.3.1 Economic growth and the economic cycle..

  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 labour markets, then apply it to the market, policy or data context before analysing. Apply this to explain AQA section 3.2.3.2 Employment and unemployment..

  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 3.2.4.1 The structure of financial markets and financial assets..

  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 3.2.4.2 Commercial banks and investment banks..

  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 3.2.4.4 The regulation of the financial system..

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