Summary
Full Transcript
Exam Technique Tutoring : https://forms.gle/owj1pwyGHyqTSjFZ9 Economics Group Chat : https://beacons.ai/udoecon About this video : This video is a full exam technique + walkthrough for the Edexcel A Level Economics Paper 2 (Macro) 2022 exam, where we go through the entire paper step-by-step and break down how to approach each question, apply the extracts and data effectively, and build clear chains of analysis and evaluation. The focus is on helping you structure high-scoring answers across calculations, short responses, data response questions, and extended essays. The aim of the video is to show how to approach the full paper under exam conditions, consistently applying macroeconomic theory to the context, while developing strong evaluation and clear judgement throughout.  Questions in the video : Section A 1(a) Using the information above, calculate the total reduction in the UK’s GDP from a fall in government spending of £20 million. (4) 1(b) Which one of the following is an injection into the circular flow of income? (1) 2(a) With reference to the chart, which one of the following is true? Average UK house prices: (1) 2(b) With reference to the chart on the previous page, explain the likely impact of an increase in average house prices on UK consumption. (4) 3(a) With reference to the chart above, explain the likely impact of a reduction in the base interest rate on UK investment. (4) 3(b) Which one of the following would be most likely to result from lower base interest rates? (1) 4(a) At point Z on the diagram, which one of the following is likely to occur? (1) 4(b) With reference to the graph, explain the difference between automatic stabilisers and discretionary fiscal policy. (4) 5(a) With reference to the information above, explain one role of financial markets. (4) 5(b) Which one of the following would be a risk if ‘only minimal checks were made on borrowers’ in this loan scheme? (1) Section B 6(a) Using a Lorenz curve diagram, explain how income inequality is measured using the Gini coefficient. Refer to Extract A in your answer. (5) 6(b) With reference to Figure 1 and Extract A, examine two likely causes of income inequality within the UK. (8) 6(c) With reference to Figure 2, assess whether an increase in real income improves subjective happiness within the UK. (10) 6(d) With reference to Extract C and your own knowledge, discuss methods the UK government could use to increase tax revenue. (12) 6(e) With reference to Extract B, discuss the benefits of an increase in infrastructure spending on the UK economy. Use an aggregate demand and aggregate supply diagram to support your answer. (15) Section C 7. Evaluate the likely impact of an increase in protectionism on the global economy. (25) OR 8. Evaluate the likely impact of globalisation on the global economy. (25) Timestamps: 00:00 - Section A 26:38 - Section B 1:03:11 - Section C Topics covered: Multiplier effect, circular flow of income, house prices and consumption, interest rates and investment, exchange rates, fiscal policy, automatic stabilisers, financial markets, income inequality, Gini coefficient, Lorenz curve, infrastructure spending, taxation, aggregate demand and aggregate supply, protectionism, globalisation, macroeconomic policy, evaluation and exam technique
Continue this lesson in the app
Install CourseHive on Android or iOS to keep learning while you move.
