Economics, Accounting & Business: Post your doubts here!

[teachyourself]

To wrtie an 8 marks answer you have marks splitted into 2 (4+4), So 4 marks you'll get for your intro which is PPC than tell what is opportunity cost.After that connect with the case.So in this question you can show how opportunity cost will affect the production of the 2 goods.

use the candidate response booklet
https://www.gceguide.com/resources/example-candidate-responses-extra-resources/

and the marking schemes

 

[Sid200799]

Is everyone finished with their syllabus for economics?
Im freaking out as exams are close and im still not done. And also how important is AS level information for paper 3 and 4

 

[Obaid063]

i am almost done just some revision remaining for last chapter ( policies )

Is everyone finished with their syllabus for economics?
Im freaking out as exams are close and im still not done. And also how important is AS level information for paper 3 and 4

 

[Obaid063]

HELP ME GUYS I HAVE A GENERAL QUESTION REGARDING ASSESSMENT OBJECTIVES. I CANT UNDERSTAND THE DIFFERENCE BETWEEN APPLICATION AND ANALYSIS PART PLS HELP ME

 

[teachyourself]

HELP ME GUYS I HAVE A GENERAL QUESTION REGARDING ASSESSMENT OBJECTIVES. I CANT UNDERSTAND THE DIFFERENCE BETWEEN APPLICATION AND ANALYSIS PART PLS HELP ME

check the candidate response booklet, analysis would be discussion of a concept, application is to use an actual example from within the case study or from the material you have studied

 

[Anny Mazhar]

Is everyone finished with their syllabus for economics?
Im freaking out as exams are close and im still not done. And also how important is AS level information for paper 3 and 4

I haven't even started revising....

 

[teachyourself]

I haven't even started revising....

use the candidate response booklets, redspot and qamar jamal answers to get you through, the comparison between the candidate response booklets, qamar baloch and redspot will give you an idea as to how to go about your answers
the video link below (contains both macro and micro)
www.mruniversity.com/courses/principles-economics-microeconomics/calculate-elasticity-demand-formula

along with the khan academy should help speed up your revision but practicing answers AND then checking/analysing them is a MUST, otherwise the brain will not retain the information for more than a few days

 

[Anny Mazhar]

use the candidate response booklets, redspot and qamar jamal answers to get you through, the comparison between the candidate response booklets, qamar jamal and redspot will give you an idea as to how to go about your answers
the video link below (contains both macro and micro)
www.mruniversity.com/courses/principles-economics-microeconomics/calculate-elasticity-demand-formula

along with the khan academy should help speed up your revision but practicing answers AND then checking/analysing them is a MUST, otherwise the brain will not retain the information for more than a few days

I've seen a few mark schemes, but they're too vague. Like they just give an idea what should be in the question. Is it enough for self-assessing my answer?
And I've heard redspot is not so good. I haven't got any complete written answers, just the mark schemes.

 

[Anny Mazhar]

use the candidate response booklets, redspot and qamar jamal answers to get you through, the comparison between the candidate response booklets, qamar jamal and redspot will give you an idea as to how to go about your answers
the video link below (contains both macro and micro)
www.mruniversity.com/courses/principles-economics-microeconomics/calculate-elasticity-demand-formula

along with the khan academy should help speed up your revision but practicing answers AND then checking/analysing them is a MUST, otherwise the brain will not retain the information for more than a few days

I'm relatively better at microeconomics. The thing that haunts me is macroeconomics, so any helpful links for that?

 

[Moosa ALi]

I'm relatively better at microeconomics. The thing that haunts me is macroeconomics, so any helpful links for that?

tutor2u.net is good site for videos and notes

 

[Anny Mazhar]

tutor2u.net is good site for videos and notes

Thanks!

 

[teachyourself]

I'm relatively better at microeconomics. The thing that haunts me is macroeconomics, so any helpful links for that?

http://www.mruniversity.com/courses/principles-economics-macroeconomics
https://www.khanacademy.org/#/economics-finance-domain --- macro & micro .... i mentioned khanacademy earlier
https://www.khanacademy.org/economics-finance-domain/core-finance ---- in this the 1.Banking and Money, 2.Chinese Currency and US-debt, 3.Foreign-exchange/trade will be relevant

 

[teachyourself]

I've seen a few mark schemes, but they're too vague. Like they just give an idea what should be in the question. Is it enough for self-assessing my answer?
And I've heard redspot is not so good. I haven't got any complete written answers, just the mark schemes.

no one ever explains why redspot is not good (actually it is good enough), compare it to the marking scheme, analyze the Red Spot answers, do the same with Qamar Baloch's answers .. both Qamar Baloch and Redspot can be purchased at any store .. Qamar Baloch is also on this site

use the Candidate Response Booklets -- these are the ones in which the CIE put forward the answers of students who get good, okay and bad marks, i have given the link in message #8403 above

 

[Anny Mazhar]

no one ever explains why redspot is not good (actually it is good enough), compare it to the marking scheme, analyze the Red Spot answers, do the same with Qamar Baloch's answers .. both Qamar Baloch and Redspot can be purchased at any store .. Qamar Baloch is also on this site

use the Candidate Response Booklets -- these are the ones in which the CIE put forward the answers of students who get good, okay and bad marks, i have given the link in message #8403 above

Thank you!!!

 

[Sid200799]

Are u guys also studying AS material

 

[Anny Mazhar]

Are u guys also studying AS material

I'm doing AS

 

[Sid200799]

I'm doing AS

for Econ or business studies?

 

[Anny Mazhar]

for Econ or business studies?

Economics

 

[teachyourself]

Economics

videos like these might help develop some intuitive sense for macro eco

for macro eco, understanding the flows of money helps understand the practical application, however, for applying economic models and theories Paul Krugman's blogs are good:-
https://krugman.blogs.nytimes.com/
http://economistsview.typepad.com/economistsview/ --- he has some overhere

other blogs
https://www.intelligenteconomist.com/top-economics-blogs-2016/
https://www.bloomberg.com/view/arti...-to-internet-to-hash-out-big-ideas-of-our-age

 

[teachyourself]

For those of you who use Bamford for economics, I would recommend John Sloman or Lipsey Chrystal since both provide more in-depth explanations but do not use the books now since your exams are closer, in general throughout the year it would be a good idea

I would suggest Sloman over Lipsey since it is better organized along with key concepts being linked clearly throughout the book, so if you start the book at the middle it will let you connect to the base concepts, this interconnected linkage is a very useful way to study economics, even though Bamford has the interconnections those mentioned are mostly very vague

Additionally the mathematics in John Sloman is more clear than in Lipsey but that could have changed with newer editions of Lipsey I am not sure