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Monday, 19 June 2017

Theme 1: Innovative transport policy in Oslo, Norway

Thank you to Abigail for finding this article on Norway's solution to traffic issues in Oslo. Excellent application for any question on transport policy.

Click here for a short video on the policy.

Sunday, 18 June 2017

Paper 3 - MCQ's on all topics

Click here to access the link to several multi choice questions on all topics. Useful for revision

Sunday, 11 June 2017

Theme 4 / Paper 2: Revision Videos for this weeks exam

Click here to access a long list of revision videos for the upcoming Paper 2.

Theme 4: Fixed Vs Floating exchange rates

All themes: Excellent you tube page

Click here to access an excellent you tube site dedicated to all things economics. I will also put it on the revision websites section of my blog (right hand side), so it will always be there for you.

Thursday, 8 June 2017

Theme 2 & 4: Keynesian Economics

The new spec is keen to develop students knowledge of economic thinkers such as Keynes, Smith, Hayek etc. I suggest you spend some time this week looking at what their key ideas are (basically free market Vs intervention approach.

Here is a summary of Keynesian economics....please watch and come to school to discuss (I'm not in on Monday!)

Really useful when looking at questions such as: An understanding of Keynesian ideas can be helpful in evaluating macroeconomic stability in terms of prices, jobs and incomes. Keynesians believe that free markets are volatile and not always self-correcting in the event of an external shock The free-market system is prone to lengthy periods of recession & depression Economies can remain stuck in an “underemployment” equilibrium In a world of stagnation or depression, direct state intervention may be essential to restore confidence and lift demand. Keynes was one of the first economists to criticise the profession for adhering to unrealistic assumptions “In terms of economic policy Keynesian economics has only one proposition: that governments should make sure that aggregate demand is sufficient to maintain a full-employment level of activity.”