### Unit Description

This unit provides an introduction to the key measures of
economic performance and the main objectives and instruments of economic policy.
Students should be able to use a basic aggregate demand/aggregate supply model
to understand why demand and/or supply side policies may be seen as appropriate
ways of managing an economy; predict the possible impact of such policies and
to recognise the assumptions involved; argue for different
approaches and identify criteria for success.

Students will be required to do simple calculations
involving percentage changes and index numbers and use simple statistical tools
to analyse changes in distribution, for example deciles. They will also be
required to interpret diagrams and construct simple graphs.

### Assessment Information

Examination length: 1 hour 30 minutes

One data response question out of a choice of two
questions. Worth 50 marks.

Last question of data response will be open ended. Worth
30 marks.

Total for paper: 80 marks