tutor2u A Level Economics Blog

How do we promote growth in Europe?

Thursday, May 10, 2012

Read on to find out about an interesting BBC News report published today investigating what can be done to promote growth across Europe…

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Unit 1 Micro: Revision Blogs on Markets and Intervention

Here is a selection of a recent blog resources on topics that appear on the core Unit 1 Syllabus focusing on changing market prices and examples of interventions to address perceived market failures

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Unit 1 Micro: True and False Revision Questions on Elasticity

Here is a ten question quiz on elasticity of demand to give you a little extra variety in your revision!

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Unit 1 Micro: Revision Quiz and Game on Market Prices

Test your understanding of market prices using this newly created Zondle game

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Knoema: ‘The Youtube of Data’

I have found Knoema incredibly useful for collecting data and imagine it would be an excellent site for teaching colleagues and researchers, particularly with its focus on Economics. The Guardian’s data team have a good article on it today.

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Fact or Forfeit!

It’s the year 13’s last ever day at school today so I thought it was time to come up with a new idea for a game. Read on to find out how to play ‘fact or forfeit’...

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Unit 3 Micro: Innovation in Markets

A presentation on the key topic of innovation in markets - including drivers and the differences between product and process innovation

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Unit 1 Micro: Getting Higher Marks for Evaluation!

Wednesday, May 09, 2012

Some brief advice on getting higher evaluation marks

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Command Words in Questions

A quick overview of command words and what they mean in economics exam papers and how many marks are awarded

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Supported MC Questions for EdExcel Unit 1 Economics

Some advice on answering these questions

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Unit 2 Macro: Model answer for revision data question

Here is a suggested answer for the first of the practice questions available from this resource:

AS_Macro_Revision_Trade_Sterling.docx

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Poverty tells many stories

Poverty tells many stories -  this is a powerful award-winning short film that will raise many issues with your students

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Unit 1 Micro: Minimum Wages and Living Wages

The campaign for a living wage has gained renewed prominence in the last year or so. Students and teachers wanting to know more about the minimum and the living wage debate might find this background blog from Channel 4 news relevant and useful. More here on the living wage from the Citizens UK web page.

Unit 2 Macro: Practice Questions for EdExcel AS Macro

Here are a couple of practice questions for EdExcel AS macro - one 30 marker on exchange rates and macro objectives, one 12 marker on interest rates and the distribution of income and wealth. Hope they might be useful.

AS_Macro_Revision_Trade_Sterling.docx

Unit 4 Macro: Fiscal Policy Revision Charts

This PowerPoint contains four fiscal policy charts for the UK - I have been using them in a revision session this morning. I will blog a little bit more about them later on

Fiscal_Policy_Revision.pptx

Unit 3 Micro: The Dawn of a Shareholder Spring?

Tuesday, May 08, 2012

Here is a pertinent and timely resource from Channel 4 news on overcoming the principle agent-problem. Are shareholders in some of our leading companies becoming more active in holding senior executives to account for poor performance? or more concerned with their own shareholder value at a time when CEO earnings continue to grow well above inflation? I own plenty of shares but have never once been to a company AGM or exercised my right to vote. Could planned legislation further embolden activist shareholders and shake up boardrooms across the UK? More on the debate over the shareholder spring here See also BBC news: FTSE 100 bosses’ pay ‘rose 11% last year’ And: FTSE 100 bosses’ pay unrelated to results, report says (BBC news, May 2012)

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Development Economics Revision Pack- Updated for 2012!

I’ve updated my development economics revision pack with lots of new case studies for 2012. Read on to find out how to download the pack

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Made in China - but not quite so cheaply…...

Monday, May 07, 2012

How long can China keep its comparative advantage of cheap production for manufacturing goods? We are aware of rising inflation in China which is eroding their advantage, and here is an article about a UK firm which manufactures cushions, some from a factory in Kirkby on Merseyside and some from his factory in the Zhejiang province in China. The story comes from a programme ‘The Town taking on China’ to be shown on BBC2 at 8pm tonight - and subsequently on i-player.

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Unit 2 Macro: 10 Key Revision Topics for EdExcel

A selection of key topics to cover for the paper for the 25th May linking to our blogs in each category - there are loads of great revision notes in these blogs for students wanting extra background and help with evaluation

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UK Economy Update - AS/A2 Econ Evaluation Special

Geoff and the team are holding an online revision clinic for an hour on Tuesday 8 May (9pm here on this blog entry) for AS & A2 Econ students who would like to refresh their understanding of the key recent developments in the UK economy. The focus will very much be on helping students build their confidence to evaluate issues and potential policy options for the UK economy.

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AQA Unit 3 Micro: Practice Paper

Sunday, May 06, 2012

A selection of practice questions for this paper are shown below

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F585: Recent Articles of Relevance

A Sunday hat tip to Tom White for providing this super selection of recent articles relevant to students preparing for the OCR F585 paper in June 2012

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Unit 2 Macro: Exchange Rates Glossary

Saturday, May 05, 2012

A short glossary covering concepts relevant to exchange rate economics

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Unit 4 Macro: TV Assembly Back in the USA

Here is a small, tentative counter-weight to the inevitable shift of global manufacturing / assembly to the East. A short video about a US firm that has started to manufacture televisions in the USA. Tariffs and transportation costs have played a role in making it viable and their marketing department has been quick to exploit nationalistic feelings among some consumers.

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Unit 2 Macro: Growth and Development Glossary

A short selection of key terms connected to economic growth and development for AS macro students

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Unit 2 Macro: Monetary Policy and Inflation Glossary

A selection of key terms on monetary policy and inflation

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Unit 2 Macro: Trade and Balance of Payments Glossary

A short glossary of some international trade and balance of payments key terms for AS macro

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Unit 2 Macro: Unemployment Glossary

A selection of key terms linked to the topic of unemployment

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Unit 2 Macro: Fiscal Policy Glossary

A selection of economic terms linked to government fiscal policy

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Unit 2 Macro: Economic Cycle Glossary

A short glossary of key terms connected to the economic cycle

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