essays

Question 1

paper 2: define economic growth

Answer 1

• increases in total real output produced by an economy (real GDP) over time

Question 2

paper 2: define economic development

Answer 2

• broad rises in standards
  of living and well-being of a population
• increasing income levels, provision of and access to basic goods and services
• and reducing poverty, income
  inequalities and unemployment

Question 3

evaluation paragraph for policy

Answer 3

AASPPECT

• ASSUMPTIONS
• ALTERNATIVES
• STAKEHOLDERS
• PRIORISATION & PURPOSE
• EFFECTIVENESS
• COUNTER-ARGUMENTS
• TIME CONSIDERATIONS

Question 4

order of eval paragraph

Answer 4

• start with pros
  (general effectiveness explaining diagram)
  (stakeholder pros as shown in diagram then evidence from article)
  (time considerations pros)
• cons
  (assumptions of models with evidence/factors from article)
  (stakeholder cons w/ evidence from article)
  (time considerations cons
  (counter arguments to points made in pros)
• conclusion
  (prioritisation & purpose of pros & cons to judgement)
  (alternatives / complementary policies to counteract the cons)

Question 5

conclusion for policy eval

Answer 5

• directly answer question
• prioritisation & purpose of pros & cons to judgement AND WHY this pro/con is more impactful / important
• alternatives / complementary policies to counteract the cons
• consider uncertainty and nothing is guaranteed
• what final factors / conditions is your judgement to approve / disapprove of the policy rely on?

Question 6

1st A in AASPPECT

Answer 6

ASSUMPTIONS
- does it work in reality with other factors considered?
-reference evidence of these factors
- usually first con

Question 7

2nd A in AASPPECT

Answer 7

ALTERNATIVES
- alternatives to be implemented instead of policy
- complementary policy to the main policy being implemented which mitigate cons
- in conclusion

Question 8

S in AASPPECT

Answer 8

STAKEHOLDERS
-firms
- consumers
- income groups
- gov
- tax payers
- international relationships
- workers / labour market
pros or con depending on stakeholder

Question 9

P & P in AASPPECT

Answer 9

PRIORISATION & PURPOSE
- which pro vs con is more important?
- what impact is more severe for purpose of policy?
- in conclusion

Question 10

E in AASPPECT

Answer 10

EFFECTIVENESS
- how does the policy work in theory?
- explanation of diagram
- usually first pro

Question 11

C in AASPPECT

Answer 11

COUNTER-ARGUMENTS
- for each eval point you make consider counters arguments
- small short sentence
- basically evaluating your evaluation
- usually countering a pro (therefore a con) however, you can make counter arguments for cons (therefore a pro)

Question 12

T in AASPPECT

Answer 12

TIME CONSIDERATIONS
- Long-Run effectiveness of policy for purpose
- Short-run effectiveness of policy for purpose
- LR impacts on stakeholders
- SR impacts of policy on stakeholders

Question 13

Include diagrams

Answer 13

diagram solution (maybe problem) usually 2 diagrams

• try and contextualise diagram using info from article / RWE into diagram

Question 14

Analysis (part A in paper 1)

Answer 14

• terminology & definitions
• diagram
• explanation of diagram
• answering / explaining