Book Description

Perfect for revision, these guides explain the unit requirements, summarise the content and include specimen questions with graded answers. Each full-colour New Edition Student Unit Guide provides ideal preparation for your unit exam: - Feel confident you understand the unit: each guide comprehensively covers the unit content and includes topic summaries, knowledge check questions and a reference index- Get to grips with the exam requirements: the specific skills on which you will be tested are explored and explained- Analyse exam-style questions: graded student responses will help you focus on areas where you can improve your exam technique and performance CONTENTS: Content Guidance - National income, economic growth and the economic cycle - Aggregate demand and the circular flow of income - The aggregate demand and aggregate supply macroeconomic model - Policy objectives and conflicts - Employment, unemployment, inflation and deflation - The balance of payments on current account - Fiscal policy - Monetary policy - Supply-side policies - Evaluating national economic performance Questions and Answers - The ECON 2 exam - The exam's assessment objectives - Answering objective-test questions - Answering data-response questions - The four key skills - Evaluation and levels of skills mark schemes - A strategy for tackling the examination - The exam questions in this Guide - Understanding UMS marks Objective-test questions Questions on Topics 1 to 10 Data-response questions Q1: Growth and recession Q2: Investment, productivity and macroeconomic performance Q3: Monetary policy and inflation Q4: Wages and inflation Q5: Fiscal policy and supply-side economics Q6: The UK's trade and economic slow-down