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	interest rates and exchange rates	inflation	unemployment	business cycle and labour market	International competitiveness
1.4.02	Economic growth	European Union and other overseas opportunities	Government policies, political change, pressure group activity and social auditing	Social responsibilities, business ethics, environmental pressures and opportunities	Financing growth and Management re-organisation during growth
8.4.02	Problems of transition in size	Change in ownership	Mission and organizational culture	Decision-making to achieve objectives	Decision trees.
15.4.02	Corporate plan and contingency planning	Relationship between motivation and communication Hand in Easter work	Barriers to effective communication and difficulties for larger organisations and possible solutions	Differing approaches to employee relations and employee relations	Employee participation, industrial democracy, ACAS and employment law
22.4.02	Workforce planning	Methods of remuneration	Measurements of personnel effectiveness	Research and Development	Critical path analysis
29.4.02	Application of IT within and between organisations	Regional and international location	Asset vs market-led marketing and extrapolation and correlation	Marketing decision-making and marketing mix	Marketing budget and sales forecasting
6.5.02	Capital expenditure and revenue expenditure	Profit and loss accounts and balance sheets	Working capital and depreciation provisions	Window dressing	Ratios and their limitations
13.5.02	Contribution and Break-even Analysis	Forecasting cash flow	Payback, ARR and NPV	Qualitative factors affecting decisions	Work on re-takes or A2 examinations
20.5.02	Work on re-takes or A2 examinations				Upper 6^th Study Leave begins
27.5.02	BUSINESS STUDIES Module 1 and 2 Examinations (pm)	See below
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 *Wednesday 12^th June (am), Modules 4 and* 5 Examinations on Wednesday 19^th June (pm) and Module 6 Examination on Wednesday 26^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 A2 Economics 2002

Revision Checklist

Module 4

q Asset versus market-led marketing

q Extrapolation and correlation (scatter graphs)

q Marketing decision-making

q Marketing mix

q Marketing budget

q Sales forecasting

q Capital expenditure and revenue expenditure

q Interpretation of profit and loss accounts and balance sheets

q Working capital

q Depreciation provisions

q Window dressing

q Liquidity (acid test only)

q Financial efficiency (asset turnover, stock turnover and debtor days)

q Gearing (loans: capital employed)

q Profitability (profit margins and return on capital)

q Shareholders’ ratios (dividend per share and dividend yield)

q Limitations upon the use of ratios

q Contribution and Break-even Analysis

q Forecasting cash flow

q Payback, ARR and NPV

q Qualitative factors affecting decisions

Module 5

q Relationship between motivation and communication

q Barriers to effective communication

q Difficulties for larger organisations and possible solutions

q Differing approaches to employee relations

q Employee participation and industrial democracy

q The role of trade unions and ACAS

q Principles of employment law

q Workforce planning

q Methods of remuneration

q Measurements of personnel effectiveness

q Research and Development

q Critical path analysis

q Application of IT within and between organisations

q Regional location

q International location

Module 6

q interest rates

q exchange rates

q inflation

q unemployment

q business cycle

q labour market

q International competitiveness

q Economic growth

q The European Union and other overseas opportunities

q Government policies affecting business

q Social responsibilities

q Business ethics

q Environmental pressures and opportunities

q Political change

q Pressure group activity.

q Social auditing

q Financing growth

q Management re-organisation during growth

q Problems of transition in size

q Change in ownership

q Mission and organizational culture

q Decision-making to achieve objectives

q Decision trees.

q Corporate plan

q Contingency planning