Edexcel Paper 2 Hot Topics - 2023!

Показать описание

Edexcel Paper 2 Hot Topics 2023! Hot topics to weight up in your revision for Edexcel Paper 2

Рекомендации по теме

Комментарии

What does EconplusDal and an increase in factors of production have in common? Both increase my productive potential

JohnSmith-rbsn

Macro Indicators: Understand the pros and cons of growth, unemployment, deflation, and inflation. Be able to link these to the COVID-19 crisis and its impact on the UK economy.

Macro Policy: Expect a big essay on macro policy. Understand the themes of expansionary and contractionary fiscal policy, monetary policy, and supply-side policies. Be able to apply these to the UK economy and the global economy.

Fiscal Policy: Understand the implications of heavy expansionary fiscal policy used during COVID-19 times and the contractionary fiscal policy currently being implemented in the UK.

Monetary Policy: Understand the use of expansionary monetary policy during COVID-19 times and the current theme of contractionary monetary policy.

Supply-Side Policies: Be prepared for an essay on supply-side policies, possibly linked to boosting productivity, reducing the natural rate of unemployment, boosting competitiveness, or boosting regional growth.

International Trade: Understand the pros and cons of free trade and the UK's position post-Brexit. Be aware of the growth of trading blocks around the world.

Exchange Rate Changes: Understand the implications of a falling or stronger exchange rate. Be aware of the Turkish lira's depreciation and the pound's recovery in 2021.

Development Strategies: Understand strategies that can promote growth and development, such as trade, aid, foreign direct investment, market-based policies, and interventionist strategies.

Inequality: Understand the causes of income and wealth inequality and policies that can reduce inequality. Be aware of novel options such as Universal Basic Income and wealth taxation.

francopolo