macro top tip Flashcards
what shoudl we always aim to link
ad to as or vice versa
what to use as a tick list when assesing soemtting
how does shit affect the main obj of macro policy
what are the main obj of macro policy
eg
stable bop
ue down
inf low
budget deficity
inequality
standard of living
when talking ab shit that beenfits the economy what to talk about
what polciy will be used
why it used
what it’d do
how this benefits shit
what should our structure on polciy q be
policy for
polciy against
3rd point
eval
what should our third point be on polciy qs
alternative
when talking about a method to do shit what shoudl we link it too
the polciy it comes udner
what shuld our intro be
the main focus but also talkign aroudn the focus
what does talkign aroudn the topic in intro mean
talkign abu=out
causes
affects
pros
cons
why in place
what should we do if we dont undertsand what the extract is sayign or hwo soemthign was achieved
look at what the effect was
then work back to how it coudl be achieved
what to do if strugglign to explain
dont go the most obvious route, go a route thta isnt neccessarily the oen examienrs are lookign for but makes sense
what shoudl we think abotu when talkign abotu an increase in shit
the multiplier, how one icnrease can cuase another
what is a key thign not to do if we strugglign to udnerstand and explain
and what shoudl we do
dont overcomplciate and just taek a secodn to fidn a work aroudn
what to do when reading questions
break it down to the simplest form, take away any excess wording there too throw you off, simplify the fuck out the qs
what to remeebr geenally
aslong as i make a logical argument and there is sense and reasonign, i cant be wrong
what shoudl we do if we ahve a point that can have two sides to it
make it two seperate points
hwo we do we approach explain qs
break it down fully
udnerstand whats being asked
pick a starting piint
flow with it
aim to link shit togetehr
way to counter and end an essay
is achieveing thsi policy or doing thsi thing thsi way or at all really needed
with regards to otehr questiosn on 25 markers what should we do
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
what are we always aiming to do with objectives of say ue and eg
link them
what other two objectievs can we link
inlfation and bop
when talking ab macro performane whats the last kidn fo evaluation to talk about
affect on gov vbudget, inequality and sol
what si the structure and plan for when answerign essays
link to ue hence eg
link eg to inflation
inflation nto bop
bop to ue etc
loop back all to budget
inequaltiy
and sol
3 main eval points
time lags
where in eco cycle
how polciy rbought about
what is mpc transmission mechanism
how inetrest rate chanegs affects leveels of consuemr demand and economci actviity and ulitmaltey on gpl
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
when is there equilirbium on nroue graph
where actual supply fo laboru meats demadn
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
