Blog
Unit 2 Macro: 10 Key Revision Topics for EdExcel
8th May 2012
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
1/ Limitations of GDP as measure of living standards: Issues in comparing stats between developed/developing nations - click here for resources
2/ The consequences of rising unemployment and policies to increase employment (global context matters a lot) - click here for resources
3/ Key recent trends in UK balance of payments and supply-side policies to improve UK trade (global trade imbalances) - click here for resources
4/ Understanding the difference between growth and development and handling development data - click here for resources
5/ Fiscal policy - economics of budget deficits + debate over which stimulus policy is best + supply-side effects of fiscal policy - click here for resources
6/ Keynesian economics - important to understand the essence of Keynesian approach + other policies to drive recovery - click here for resources
7/ The multiplier effect - concept, size of, limitations of - hugely important topic, it can be used in nearly every question - click here for resources
8/ Inequalities in income and wealth, interest rates and distribution of income, inequality and econ growth - click here for resources
9/ Migration - significance for unemployment, inflation, trade, productivity, economic growth - click here for resources
10/ External influences- click the links for resources (i) oil and gas prices (ii) Euro crisis (iii) emerging economies including the BRICS
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.