Revision Guru

Lower Sixth Economics Revision Programme

Easter Holidays 2002

It is vital that you make good use of your Easter holiday, failure to do so will significantly reduce your examination mark in the summer. The revision programme I have suggested is realistic and I strongly advise you to follow it.

Revision isn’t reading through your notes, don’t fool yourself into believing it is. You should revise with a pen in hand, making revision notes that can be used for learning at the time and closer to the exam. The revision notes should be written using bullet points (or perhaps mind maps), making use of your notes and textbooks if necessary. Learn the subject material by testing yourself, asking friends and family to test you, using the multiple choice questions on the internet or by attempting questions in the textbooks (I will mark any work you do). Take care of your revision notes; keep A4 paper in a folder or cards in box/file.

Revision notes made during the Easter holiday will be collected on Tuesday 16^th April, no excuses.

Remember to use the Department’s internet message board, I will check it everyday and answer any questions you have posted. Don’t be afraid to post your own answers, the more help we give each other, the better you’ll do.

www.revisionguru.co.uk

www.trinity-school.org/economics.htm

Best of luck

SRM

Week beginning	Monday	Tuesday	Wednesday	Thursday	Friday	Saturday	Sunday
25.3.02	Aggregate Demand and Supply Equilibrium	Consumption And Savings	Investment	Government Spending	Exports and Imports
1.4.02	Objectives Of Government Macroeconomic Policy	Inflation 1	Inflation 2	Unemployment 1	Unemployment 2
8.4.02	Economic Growth 1	Economic Growth 2	Balance of Payments 1	Balance of Payments 2	Conflicts Between Macro Economic Objectives
15.4.02	Demand Management or Supply Side?	Economics Today articles on Supply Side Hand in Easter work	Scarcity Ec. problem Opp. cost Positive and normative Ec. resources	Production possibility curves	Specialisation
22.4.02	Absolute and comparative advantage	Economies of scale	Demand Supply Equilibrium	Consumer and producer surplus	Price Elasticity of Demand and Supply
29.4.02	Income and Cross Price Elasticity of Demand	Minimum and Maximum prices	Labour markets	Housing market Exchange rates	Agricultural products
6.5.02	Defining Externalities	Pollution taxes and regulation Extending property rights	Tradable pollution permits and Kyoto Coase theorem Landfill tax	Merit & De-Merit Goods Public Goods	Indirect Taxes
13.5.02	Subsidies	Cost Benefit Analysis (CBA)	Barriers to Entry Monopoly	Make notes from Economics Today articles on Transport	Make notes from Economics Today articles on Healthcare
20.5.02	Lower 6^th Study Leave begins
27.5.02					ECONOMICS Module 1 and 2 Examinations (Am)
3.6.02	During half term it is essential that you spend a substantial amount of time re-enforcing your knowledge for the ECONOMICS Module 3 Examination on Tuesday 11^th June (am). Use past papers, questions from textbooks and testing to ensure that your knowledge covers all topics within the specification.

Revision Timetable for AS Economics 2002

Revision Checklist

Unit 1

q Scarcity

q The economic problem

q Opportunity cost

q Positive and normative economics

q Production possibility curves

q Economic resources

q Specialisation

q Absolute and comparative advantage

q Economies of scale

q Demand

q Supply

q Equilibrium

q Entry and exit of firms

q Shortrun and longrun

q Consumer surplus

q Producer surplus

q Price elasticity of demand

q Cross elasticity of demand

q Income elasticity of demand

q Elasticity of supply

q Labour markets

q Housing market

q Exchange rates

q Government price controls

q Minimum prices

q Maximum prices

q Agricultural products

q Indirect taxes

q Subsidies

q Economic Systems

Unit 2

q Defining Externalities

q Correcting For Externalities - Government Policies

o Pollution taxes and regulation

o Extending property rights

o Tradable pollution permits and Kyoto

o Coase theorem

o Landfill tax

q Merit and De-Merit Goods

q Public Goods - Provided By The State

q Indirect Taxes – Reducing Negative Externalities

q Subsidies

q Cost Benefit Analysis (CBA)

q Barriers to Entry

q Monopoly

Unit 3

q Aggregate Demand (AD)

q Aggregate Supply

q Equilibrium Between Aggregate Demand And Aggregate Supply

q Consumption And Savings

q Investment

q Government Spending

q Exports and Imports

q Objectives Of Government Macroeconomic Policy

q Inflation

q Unemployment

q Economic Growth

q Balance of Payments

q Conflicts Between Macro Economic Objectives

q Demand Management or Supply Side?