macro top tip Flashcards

1
Q

what shoudl we always aim to link

A

ad to as or vice versa

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2
Q

what to use as a tick list when assesing soemtting

A

how does shit affect the main obj of macro policy

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3
Q

what are the main obj of macro policy

A

eg
stable bop
ue down
inf low
budget deficity
inequality
standard of living

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4
Q

when talking ab shit that beenfits the economy what to talk about

A

what polciy will be used
why it used
what it’d do
how this benefits shit

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5
Q

what should our structure on polciy q be

A

policy for
polciy against
3rd point
eval

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6
Q

what should our third point be on polciy qs

A

alternative

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7
Q

when talking about a method to do shit what shoudl we link it too

A

the polciy it comes udner

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8
Q

what shuld our intro be

A

the main focus but also talkign aroudn the focus

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9
Q

what does talkign aroudn the topic in intro mean

A

talkign abu=out

causes
affects
pros
cons
why in place

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10
Q

what should we do if we dont undertsand what the extract is sayign or hwo soemthign was achieved

A

look at what the effect was
then work back to how it coudl be achieved

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11
Q

what to do if strugglign to explain

A

dont go the most obvious route, go a route thta isnt neccessarily the oen examienrs are lookign for but makes sense

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12
Q

what shoudl we think abotu when talkign abotu an increase in shit

A

the multiplier, how one icnrease can cuase another

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13
Q

what is a key thign not to do if we strugglign to udnerstand and explain
and what shoudl we do

A

dont overcomplciate and just taek a secodn to fidn a work aroudn

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14
Q

what to do when reading questions

A

break it down to the simplest form, take away any excess wording there too throw you off, simplify the fuck out the qs

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15
Q

what to remeebr geenally

A

aslong as i make a logical argument and there is sense and reasonign, i cant be wrong

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16
Q

what shoudl we do if we ahve a point that can have two sides to it

A

make it two seperate points

17
Q

hwo we do we approach explain qs

A

break it down fully
udnerstand whats being asked
pick a starting piint
flow with it
aim to link shit togetehr

18
Q

way to counter and end an essay

A

is achieveing thsi policy or doing thsi thing thsi way or at all really needed

19
Q

with regards to otehr questiosn on 25 markers what should we do

A

look to use and icnorperate the 15 and 9 markets and points made in them as either actual points or cues of whta to write

20
Q

what are we always aiming to do with objectives of say ue and eg

21
Q

what other two objectievs can we link

A

inlfation and bop

22
Q

when talking ab macro performane whats the last kidn fo evaluation to talk about

A

affect on gov vbudget, inequality and sol

23
Q

what si the structure and plan for when answerign essays

A

link to ue hence eg
link eg to inflation
inflation nto bop
bop to ue etc
loop back all to budget
inequaltiy
and sol

24
Q

3 main eval points

A

time lags
where in eco cycle
how polciy rbought about

25
what is mpc transmission mechanism
how inetrest rate chanegs affects leveels of consuemr demand and economci actviity and ulitmaltey on gpl
26
what does NROUE graph shouw
the supply of labour who are willin to take a job at a given wage leevl vs teh supply of laboru who actually take that job
27
when is there equilirbium on nroue graph
where actual supply fo laboru meats demadn
28
what causes peopel ot not be abel to taek a job on teh supply fo laboru curve in nroue graph
structrial frictional and voulantary cause s