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Last Minute Revision Tips | AQA A-Level Economics Paper 2

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  1. Why it is difficult to achieve all four macroeconomic objectives
  2. Why is can be possible to achieve all four macroeconomic objectives
  3. How fiscal policy can be useful in a recession + EVAL
  4. How monetary policy can be useful in a recession + EVAL
  5. When and how supply side policy is useful (positive output gaps)
  6. How fiscal policy can be useful when there is high inflation + EVAL
  7. How monetary policy can be useful when there is high inflation + EVAL

  1. dangers of a current account deficit + EVAL (why it may not be that bad)
  2. ⁠fixed vs floating exchange rate
  3. pros and cons of having a weak currency
  4. pros and cons of having a strong currency
  5. ⁠3 best policies to reduce a current account deficit
  6. ⁠the arguments of protectionism vs free trade (globalisation)

  1. the best policies to increase economic development + eval (relate this to the barriers that prevent economic development)