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

A

link them

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
Q

what is mpc transmission mechanism

A

how inetrest rate chanegs affects leveels of consuemr demand and economci actviity and ulitmaltey on gpl

26
Q

what does NROUE graph shouw

A

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
Q

when is there equilirbium on nroue graph

A

where actual supply fo laboru meats demadn

28
Q

what causes peopel ot not be abel to taek a job on teh supply fo laboru curve in nroue graph

A

structrial frictional and voulantary cause s