AS/A Level Economics revision notes

Economics Section in dineshhbakshi.com has some new additions. We have a new category of revision notes specifically targeting AS and A level Economics. These revision notes are divided into 7 Units according to latest syllabus (2011) of Cambridge International Examinations. However, they are useful for other examination boards as well,such as EDEXCEL, OCR and IB Diploma.

This section will be loaded with interactive revision quizzes, worksheets, case studies and other resources which will enhance students understanding of these topics. Three Units are already published.

Click here to goto A Level Economics revision notes

Business Studies Mind maps

Mind maps are an effective revision tool. A large amount of information can be condensed into a simple diagram which are easy to remember.

you can use mind maps to:

note-making ~ capture and organise your thoughts and ideas on one page

note-taking ~ put information into your head from the printed and spoken word i.e., books, magazines, reports, TV, radio, speeches etc.

Mind Maps are an excellent study aid and can make revising for exams easy and fun!

dineshbakshi.com has a huge collection of Mind maps on Business studies and Economics.

Click on the links below to download the latest addition to the collection:

Training

Cash flow

Ratio Analysis

Click here to Mindmap home page

Mind map - Inflation

We all know that visual aid makes teaching more effective. With this in mind dineshbakshi.com has a separate section for Mind maps. Mind maps are an indispensable tool for revision. Students can use them to do last minute revision. Moreover they will find that they can absorb and retain important points more easily. The latest addition to this section is Inflation Mind map. Click here to download Inflation Mind map Click here to find more Mind maps on Economics and Business Studies.

Economics Case Study - Unemployment

Unemployment in UK has reached 11 years high. Clearly the main reason for it is the reduced aggregate demand in the economy due to the global crises.

This case study covers the ‘Unemployment’ topic. Students read about the the latest unemployment figures in UK (report from BBC). Students are tested on the concept of unemployment, the cost of unemployment and ways of reducing unemployment.

Notes on Unemployment on dineshbakshi.com would be very useful for giving an indepth understanding on this topic. Click here

Click here to attempt the case study

US interest rates slashed to 1%

The Federal Reserve has cut its key interest rate from 1.5% to 1% in a widely expected move, as it aims to avoid a possible US recession.

The question arises

• Why do Central Bank cuts interest rates?
• What is the impact of interest rate cuts?

Interest rates are reduced in order to increase the aggregate demand in the economy.

Now the question arises 'How aggregate demand rises?'

• Loans become cheap, people will take more loans to buy houses and cars etc.
• Businesses will also find it the best time to go in for expansion plans, because the loans are cheap.
• As the interest rates are very low people will not put their money in bank, and will find more lucrative investment opportunities. They would rather invest their money in businesses where there are better returns. Businesses will boost.

Now when the aggregate demand rises,

Market forces start acting. After a certain period of time if the supply will not be able to keep up with the rise in demand, prices will go up and cause inflation.

This is where the Central Bank has to be cautious and closely monitor the market.

Dynamic/Interactive Economics Graphs

dineshbakshi.com has come up with innovative dynamic/interactive graphs. These graphs are specially designed for IGCSE, A level economics. It will make it very easy to illustrate the dynamics of the market.Teacher as well as students will find it a handy piece of resource.
A new graph on Short run equilibrium of a perfectly competitive firm has be added. Check it out.

IGCSE Economics (code 455) Scheme of assessment

There has been a change in the scheme of assessment in IGCSE Economics. Earlier the syllabus was divided into core and extended. But now these both have been merged and made into one syllabus. June 2009 examinations will be based on the new scheme. Instead of Paper1,2,3,4,6 there will be only THREE Papers i.e. Paper 1,2,3. The details are given below.

Paper 1 (45 minutes)
30 multiple-choice items.
ALL questions to be answered

Paper 2 (2 hours)
Structured questions.
Candidates must answer Section A and three questions in Section B.

Paper 3 (1 hour 30 minutes)
A variety of questions which test enquiry skills.
Novel data will be presented for interpretation and analysis of a real economic situation.

Paper Weighting
Paper 1----------20%
Paper 2----------50%
Paper 3----------30%