AQA A2 Economics Student Unit Guide Unit 4: The National and International Economy

Summary:
Student Unit Guides are perfect for revision. Each guide is written by an examiner and explains the unit requirements, summarises the relevant unit content and includes a series of specimen questions and answers.

There are three sections to each guide:

Introduction - includes advice on how to use the guide, an explanation of the skills being tested by the assessment objectives, an outline of the unit or module and, depending on the unit, suggestions for how to revise effectively and prepare for the examination questions.

Content Guidance - provides an examiner's overview of the module's key terms and concepts and identifies opportunities to exhibit the skills required by the unit. It is designed to help students to structure their revision and make them aware of the concepts they need to understand the exam and how they might analyse and evaluate topics.

Question and Answers - sample questions and with graded answers which have been carefully written to reflect the style of the unit. All responses are accompanied by commentaries which highlight their respective strengths and weaknesses, giving students an insight into the mind of the examiner.

• A revision guide specifically written to meet the requirements of the unit
  

• Written by an examiner with commentary on key points and concepts
  

• Features specimen questions and answers, together with examiner's comments
  

Table of Contents:
Introduction
Examinable skills
Data-response skills
Essay-question skills
The synoptic requirement of the Unit 4 examination
Checklist of relevent Unit 2 terms
Stretch and challenge and achieving the A* grade
Revision planning
Content Guidance
Introduction to the specification
The growth of modern macroeconomics
Economic growth, the economic cycle and living standards
Aggregate demand and aggregate supply
Unemployment and inflation
The Phillips curve and the natural rate of unemployment
Monetary policy
Fiscal policy, taxation and public expenditure
International trade, globalisation and the EU
The balance of payments, exchange rates and the euro
Questions and Answers

About the Author(s):
Ray Powell is a chief examiner in AS and A-level economics. He is currently head of economics at Wimbledon High School and is author of the AQA economics Student Unit Guides, also published by Philip Allan Updates.