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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) 2024 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) With reference to the chart above, which one of the following is correct? (1) 1(b) In Q4 of 2015 average household disposable income was £26300. Calculate the total amount of money saved by the average household in Q4 of 2015. (2) 1(c) Explain one likely reason for the change in total household savings from Q1 2020 to Q2 2020. (2) 2(a) Which one of the following is the percentage point fall in investment between April 2020 and July 2020? (1) 2(b) With reference to the data, explain one likely effect of the fall in investment in 2020. (4) 3(a) With reference to the information above, explain what is meant by ‘market rigging’. (4) 3(b) Which one of the following is a role of financial markets? (1) 4(a) Which one point on the trade cycle diagram above illustrates a boom? (1) 4(b) In July 2020 a survey estimated that the marginal propensity to consume in the UK was 0.1. Calculate the total increase in aggregate demand from an increase in government spending of £60 million. (4) 5(a) Explain the likely impact of this tariff on the steel market in the US. (4) 5(b) Which one of the following is likely to give the US a comparative advantage in steel production? (1) Section B 6(a) With reference to Figure 4 and your own knowledge, explain the distinction between a progressive and a regressive tax. (5) 6(b) With reference to Figure 4 and Extract A, examine the likely impact of the ‘freeze in income tax thresholds’ on aggregate demand. (8) 6(c) Assess whether a fiscal deficit and national debt should be a cause for concern for the UK government. (10) 6(d) With reference to Extract B, discuss the use of quantitative easing in preventing deflation. (12) 6(e) Discuss supply-side policies the UK government could introduce to stimulate economic growth. (15) Section C 7. Evaluate macroeconomic policies that could be used to reduce a current account deficit. Refer to a country of your choice in your answer. (25) OR 8. Evaluate the possible factors contributing to globalisation. (25) Timestamps: 00:00 - Section A 15:49 - Section B 1:10:54 - Section C Topics covered: Household savings, investment, financial markets, market rigging, trade cycle, multiplier effect, tariffs, comparative advantage, progressive and regressive taxation, aggregate demand, fiscal deficit, national debt, quantitative easing, deflation, supply-side policies, current account deficits, globalisation, macroeconomic policy, evaluation and exam technique
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