Wednesday, 18 May 2011

The Revision Guide for GCSE Business and Economics

Dear Year Eleven

I was really impressed with how much work you guys have put into this project.  There is a lot of detail and your exam-style question and answers are superb.

The guide is available here

I wish you every luck with your revision now.  It's been great teaching you guys and I look forward to more interesting and entertaining times in Sixth Form.

Please leave comments if you need help with any topic: here to help!

14 comments:

Anonymous said...

The way mines not there XD
probably better off like that

www.inspiringeconomics.life said...

If that's you Gino then check your inbox. If it's someone else email me: jefrodefro@gmail.com

Mr Demetriou said...

I am really impressed with the quality of this resource. Well done to all of you who contributed. You should look forward to your exam with confidence. Good luck!

Anonymous said...

im surprised mine made it

Anonymous said...

sir, on the long questions where we have to give a conclusion as part of the answer, do we have to come down on one side or can we leave it as a balanced answer?

Anonymous said...

sir, can you put the mark schemes up for the two practise papers you gave us please.

www.inspiringeconomics.life said...

Hi!

Lost track of what I have given you guys. were the practise papers "Sample Material" or did I give you the June 2010 paper? Did I give you the Jan 2011 paper?

Let me know and I will upload.

The other question : yes, always come down on one side - but point out both sides of the argument.

Anonymous said...

sir, u gave us the sample paper and the june 2010 paper but not the jan 2011 paper.

www.inspiringeconomics.life said...

I am very impressed with how few comments or questions there are three days away from the exam. I am hoping that this means that everything you have revised is now really clear in your minds and not that you haven't started!

Anonymous said...

why are exports dearer if there is a strong pound??

www.inspiringeconomics.life said...

Foreigners need pounds to buy our exports. They buy those pounds with their own foreign currency. So, if the pound is stronger, they have to use more of their foreign currency to buy the pounds to buy the exports. In effect, exports are more expensive to them.

Anonymous said...

ok so exports being dearer are better for UK businesses if demand doesn't fall because their revenue will increase?

Anonymous said...

what are the bad points about using regulation to try to obtain sustainable economic growth?

www.inspiringeconomics.life said...

Assume that demand will go down if the price of exports goes up. An excellent evaluation point would be to bring in the fact that if demand were insensitive then revenue would rise.

Let's hope that this question comes up.......seeing as we now have a great answer to it

As for bad points of regulation:
1 )costs govt money, which has opp cost
2) better if industries can look after themselves without interference.
3) if govt interferes too much then it would stop firms getting involved in the industry which would mean that it was not as good