Hey everyone, here are some sample questions from the new syllabus content which I have extracted from the specimen paper and the F/M 2023 paper. It is highly likely that these topics will be tested in mostly the macro-economic syllabus content for at least one of the two options in Section C. I've also attached a link which was kindly shared by someone on Discord which contains solved past papers up until Oct 2022.

Sample questions for the new syllabus topics

Income and wealth inequality (reasons and ways to reduce them).

• Explain the possible economic reasons for inequality of income and consider whether inequality of income can benefit an economy. [8] - F/M 2023 q.
• Explain the difference between income and wealth and consider how income inequality can be reduced in an economy. [8]
• Assess whether minimum wages or transfer payments is the best way to reduce income inequality. [12]

National income statistics (GDP, GNP, NNI)

• Explain what is meant by national income and wealth and consider how national income is measured. [8]
• Explain methods of calculating gross domestic products used in national income statistics. [8]
• Explain how real and nominal measures work and consider the difference between market prices and basic prices. [8]

Circular flow of income in an open/closed economy, injections and leakages/withdrawals.

• Explain the circular flow of income in a closed economy and consider the extent to which the circular flow of income changes as an economy becomes an open economy [8] - F/M 2023 q.
• Explain the equilibrium in the national economy and consider what happens when injections are greater than leakages. [8]

Economic growth (causes and consequences)

• Assess whether the consequences of economic growth for an economy are always positive. [12] - F/M 2023 q.
• Explain why there might be a rapid economic growth in an economy and consider if it can benefit an economy. [8]

Unemployment (frictional, structural, cyclical) and its consequences)

• Compare the causes of structural unemployment and cyclical unemployment and consider which of these types of unemployment is likely to be more harmful to an economy [8] - Specimen paper q.
• Explain the causes of unemployment and consider whether which is the most serious type of unemployment [8]
• Explain the difficulties in measuring unemployment and consider if countries have an unemployment rate target of 0%. [8]
• Assess whether expansionary monetary policy is likely to be successful in reducing all types of unemployment. [12] - Specimen paper q.
• Assess whether fiscal policy or supply side policy is best to reduce unemployment. [12]

Solved past papers (Paper 2)

(until Oct 2022)

Good luck everyone!