What is the Advanced Information
The main aim is to help you use your revision time effectively. In the case of Economics, you will see that the advice consists of a list of topics which will be the “major focus” of questions in each exam paper and the quantitative skills/interpretation required on each paper.
To understand this fully, you will need to compare this list with the full list given in the Edexcel specification.
All the topics will figure on one paper or the other but, within each topic, some sub-topics will be the focus of questions and others will not. So, with Topic 1.1.1: The Economic Problem, for instance, you might be asked about sub-topic (a) the problem of scarcity, or requiring (d) production possibility curve diagrams. But you are unlikely to face a question on (b) opportunity cost.
Overall, about half the sub-topics are included and half are omitted. Please take the time to make a full comparison – it will make planning your study time between now and the summer much easier
There is also some reduction in the calculations you may be asked to make. Of the four skills listed in the specification:
- Calculation of percentages and percentage changes, including interest on savings
- Calculation of averages, including cost
- Calculation of totals, including revenue, costs and profit
- Calculation of income, including gross and net pay
you will only be asked to attempt the first, percentages.
Study the whole course
If a sub-topic is not on the list, it does not mean you can ignore it. Every topic on the specification may be relevant to the answer of some question or the focus of a question with a smaller number of marks. Our general advice is to complete all lessons but to keep this list of topics close to hand during the revision process and make sure you are particularly well prepared to answer questions on all the named sub-topics.
- If a topic is not on the list, it does not mean you can ignore it
- complete all lessons and Tutor Marked Assignments
- Use the Advanced Information to tailor your revision
Pearson/Edexcel may issue updated information or additional guidance at any point. Please check the subject page for Economics regularly.
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If you are taking your exams in the following countries
- Hong Kong
- New Zealand
- United Arab Emirates
You will be studying for an R paper.
R papers are papers which are sat by students in different timezones so that they don’t have to take their exams in the middle of the night!
There are different questions and topics in the Advanced Information for R papers.
If you are planning to take your exam in a foreign country, please check with your exam centre which paper you will be taking. If you are taking an R paper, please discuss how this will affect your revision with your tutor.