Economics revision questions

Micro-economics

Make sure you know how long your exam is. Use past papers when you revise. Here is a link to some useful online resources.

Explain that XED with respect to the price of a complement is negative for substitute is positive Give some examples of negative and positive cross elasticity Explain closeness of substitute or complement determines the degree to which the quantity of a product demanded changes when the price of substitutes or complements change.

It also means, as is so often the case in economics, subjects overlap.

Economics Revision

Explain their relevance within the answer. This can give you a greater, more rounded idea of the subject. Illustrate with the help of a properly labelled diagram that income is a determinant of demand and therefore can shift the demand.

Caffeine tablets are not the same as sleep. Allow yourself the same amount of time you expect to have during the exam with a similar sort of question.

Revision for an Economics Exam

These will give you a great idea of what to expect and, if you have past papers from a few years, you may be able to spot some recurring question topics. Work in a nice, relaxing place. This means some subjects will require greater detail.

Draw a diagram illustrating the long-run profit maximizing position, i. Explain the characteristics Economics revision questions monopolistic competition Support with an example of monopolistic competition, e. Now talk about exceptions to the law of demand i.

Some people can settle into a library and remain focused: Draw the following diagrams Supply and demand diagram to illustrate the signalling effect of a change in demand supply and demand diagram to illustrate the rationing effect of a change in supply via a change in price Label the diagrams properly.

Make sure you are revising the right things. Define cross elasticity of demand and using diagrams, explain what determines whether cross elasticity of demand is positive or negative. Make sure you explain your diagrams and graphs.

Economics Specific Revision For a range of different online resources, lecture notes, worksheets, quizzes see the economics network site. However, this may differ depending on your institution. The law of diminishing returns can be applied to revision: Take a drink into the exam with you.

Everyone learns in different ways.GCSE Economics Revision Material. Home; Subjects; Business; Revision Material; GCSE Economics; You are following the AQA new specification for Economics. It is hoped that both teachers will have completed the delivery of the syllabus by spring half term.

This is an opportunity to go over any topics you find tough, or to ask questions. IGCSE Economics - Sections 3, 4 and 5 Revision questions This worksheet is a collations of questions from sections 3,4 and 5 that have been asked in the in the IGCSE past papers.

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Get the knowledge you need in order to pass your classes and more. Only at mi-centre.com". Resources include A-Level Economics Revision Notes, A-Level Economics Help Forums (General Revision + Edexcel, AQA, OCR & WJEC), Exam Specs, Exam Papers, Economics Revision Guides (A Level) & More.

Welcome to the StudyWise A-Level Economics Revision page. Comprehensive revision notes and model essays on macroeconomics. Growth, inflation, balance of payments, unemployment, fiscal policy, monetary policy.

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Economics revision questions
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