Revision Guru

Upper 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.

In addition to the A2 revision is important that you start to review last year’s revision notes for any re-takes you have. You should aim to significantly improve upon last year’s mark.

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	Factors contributing to globalisation.	International exchange.	Trade liberalization.	Trade protectionism.	Sources of possible conflict between trading blocs
1.4.02	The World Trade Organisation (WTO).	The Balance of Payments.	International competitiveness.	The UK’s changing international competitive situation.	Balance of payments disequilibrium.
8.4.02	Exchange rate systems.	European Monetary Union.	Inward foreign investment by MNCs	External shocks to the global economy.	Public expenditure and taxation.
15.4.02	The working of fiscal, monetary and supply side policies.	Unemployment and inflation. Hand in Easter work	Real output and the NAIRU.	The birth and growth of firms The motive for growth of firms	Internal growth External growth
22.4.02	Alternative motives for firms	Productive and Allocative efficiency	Measures of market concentration	Barriers to entry and exit	Perfect competition
29.4.02	Oligopoly	Monopoly	Price discrimination in monopoly	Pricing and non-pricing strategies	Contestable markets
6.5.02	Competition policy	Regulation of privatised industries	Indicators of development in developing countries	Absolute and relative poverty	The causes of economic growth in developing countries.
13.5.02	The significance of economic growth for development:	Differences between developing countries.	The costs of economic growth.	Constraints on economic growth	Development strategies. The development of particular sectors of the economy:
20.5.02	Sources of external finance.	Work on re-takes or A2 examinations			Upper 6^th Study Leave begins
27.5.02	Work on re-takes or A2 examinations				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), Module 4 Examination on Tuesday 11^th June (pm), Module 5 Examination on Friday 21^st June (am) and Module 6 Examination on Friday 28^th June (pm). Use past papers, questions from textbooks and testing to ensure that your knowledge covers all topics within the specification.

Revision Timetable for A2 Economics 2002

Revision Checklist

Unit 4

q The birth and growth of firms

q The motive for growth of firms

q Internal growth

q External growth

q Alternative motives for firms

q Productive efficiency

q Allocative efficiency

q Mzeasures of market concentration

q Barriers to entry and exit

q Perfect competition

q Imperfect competition

q Oligopoly

q Monopoly

q Price discrimination in monopoly

q Pricing and non-pricing strategies

q Contestable markets

q Competition policy

q Regulation of privatised industries

Unit 5

q Indicators of development in developing countries in sub-Saharan Africa, Asia and Latin America.

q Absolute and relative poverty

q The causes of economic growth in developing countries.

q The significance of economic growth for development:

o the role of both physical and human capital

o technological progress

q Differences between developing countries.

q The costs of economic growth.

q Constraints on economic growth.

q Development strategies. The development of particular sectors of the economy:

o Agriculture

o Industry

o tourism

q Sources of external finance.

o Private sector finance especially from multinational firms.

o Government assistance.

o The IMF and IBRD (World Bank).

o Structural adjustment policies.

Unit 6

q Factors contributing to globalisation.

q International exchange.

q Trade liberalization.

q Trade protectionism.

q Sources of possible conflict between trading blocs

q The World Trade Organisation (WTO).

q The Balance of Payments.

q International competitiveness.

q The UK’s changing international competitive situation.

q Balance of payments disequilibrium.

q Exchange rate systems.

q European Monetary Union.

q Inward foreign investment by MNCs.

q External shocks to the global economy.

q Public expenditure and taxation.

q The working of fiscal, monetary and supply side policies.

q Unemployment and inflation.

q Real output and the NAIRU.