Paper 2 Live Stream with EconplusDal! For CRUSHING Paper 2!!!

Yes, we're there again, guys. We're live. I've got the message. We're live again. Exactly a week on. Welcome everybody. I can't wait for this stream today. It's been a whole week. How's everybody? Tell me. Tell me a lot. Tell me how you feeling. Tell me how ready you are for paper two tomorrow. Tell me how paper one was. I'm feeling very, very good. I've got my fresh Dow fade going. Absolutely. We're going to go hard with this bow fade today. Whenever the fade is strong, it means it's a serious time. Something big is about to happen. And in this case, it's paper two tomorrow. Yes. So, let me know please guys in the comments. How are you feeling for paper two? Have you had a good week of revision? It's macro. Are you feeling more confident for that? Are you feeling great after paper one? Did paper one go as you wanted it to do? Where now you're like, if I just do that again for paper two, my grade's in the bag. Let me know. Especially this weekend, a big weekend of revision, right? Hopefully, no financial markets. Don't worry about it. Some of you are saying financial markets, don't worry about it. It's all good. There are no content holes for you guys. Lot of guidance coming your way. This live stream, you're going to love, guys. I've got some very unique tips, very unique advice. Again, for this time, short time left before paper two is perfect. Really, you listen to this, you take it in, you follow it. Very easy to do in the time left before paper two. Your confidence will shoot up. Your performance in the exam will be a lot better. Specialized live stream here given the time left before paper two. Enjoy it, guys. Enjoy it. Your job. Stay tuned all the way to the end. Take everything. You've got more time than with paper one last week, right? It's an afternoon exam tomorrow. So, more time to embibe this, to really think about it, and to use it in your exams. So, welcome everybody. Great that you're here. Uh, let's dive in, shall we? Let's dive in. Paper two, let me tell you, is normally a great paper. Now, I'll be honest, the feedback from paper one has been pretty good from all exam boards. Most students seem pretty happy with it. Great if that's you. The one downside of that, though, is expect high gray boundaries from paper one this year. And that means you can't take anything for granted with paper two. You can't rest on your laurels. You can't afford for inefficiency or complacency. You've got to be on top of your game for paper two. Um the silver lining, yeah, paper 2 is normally great. It's macro content, a bit easier to get your head around, write essays. I feel generally speaking, the questions can be quite good. So, you should feel good about that, but take nothing for granted. I want all of you to selfassess seriously and honestly from paper one. What went really well? In which case, how am I going to replicate that tomorrow? What didn't go well? I'll talk more about this towards the end, but little things like your time management, whether you wrote in detail, whether you use diagrams really well, whether you used examples, whether you use the extracts really well, whether you actually answer the question set, um whether you manage your nerves strongly, all these things. We want to start there, you know, did it go well in paper one? How you going to make sure it goes well again tomorrow? Were there areas to improve? A lot of you [clears throat] have said a few things, I wish I could have done better. That's okay. Just think really hard about it and think what am I going to do tomorrow to make things better. That's an important start to learn a lot from paper one. Now I want to focus on examples again. I was really stressing examples for paper one, wasn't I? And hopefully you used examples really powerfully in your paper one essays. It's going to be the same in paper two. The difference now though, guys, examiners will expect you to have amazing knowledge of the UK economy. It's not a choice. It's an expectation. All the examples here are UK based, right? So yes, it's an expectation that you know about what's going on in the UK economy. You know about stats and figures that you can use to back up your points. Having said that, knowledge of stats, knowledge of the UK economy is not just good for backing up what you're saying. It's great for choosing points. Do you know examiners always say that writing in context, contextual awareness is an AAR thing to do. And that doesn't just mean backing up what you're saying with a figure or knowledge of the UK. It's choosing points relevant for the context. Choosing points that are relevant for events, for happenings, for circumstance in the UK economy. So, if you haven't already, please, all of you, make sure you've watched my UK stats video. I make that video every year up to date. It's such an important video. It's that knowledge that's going to get you top grades in your exams. It's going to make writing a lot easier, choosing points a lot easier, essay planning a lot easier, everything easier. So important. If I give you an overview of the most important figures that no doubt you're going to be using tomorrow, here they are. So annual growth rate last year in the UK 2025 1. 3%. Our forecast growth for this year according to the IBR OBR 1. 1% according

to the IMF 0. 8%. Um the first quarter of this year 2026 the UK economy grew at 0. 6% which is a pretty decent performance in the first quarter. Unemployment is 4. 9% although truthfully we're expecting that to be around 5 a. 5% as the year progresses. A CPI inflation rate currently 3. 3% just gone up. We're expecting that to keep going up as the year progresses. wage growth 3. 6%. Uh our current account deficit as a percent of GDP only 1. 1% low historical standards. Our budget deficit forecast for this fiscal year just ended in April but we're about to get the figure pretty soon. The forecast is for that to be 4. 3% of GDP around 132 billion pounds worth of borrowing on national debt 93% of GDP. The Bank of England base rate of interest 3. 75%. We have a negative output gap at the moment. Quite useful to know that. And our genie coefficient for income inequality, 0. 329. A good overview of stats. You're going to be using a wide variety of those tomorrow. But yeah, trust me, that UK stats video. Get your head around everything there. Not just the stats, but everything I'm saying about general knowledge of the UK economy and watch examiners love you for it tomorrow. Important start right there. Now, I said in paper one, watch out for question wording. Yeah, examiners can try and throw you off by making questions a bit awkward, making them focused on areas you're not really used to seeing. It happened a little bit in paper one, I would say, for certain exam boards, but other examples went very simple. Um, and it wasn't so much like awkward questioning or whatever. In paper two though, guys, no, you can also get very awkward questions and questions which are very specific and if you misread the question, you're in trouble. you might see your marks drop considerably. So, first thing, as always with essay questions, underline key parts of the question, but in paper two, I recommend narrow down the question. We know macro is quite big. It's like a big jigsaw puzzle, right? Everything interlinks together. The danger is if you see a question is quite open and quite vague, you might attack it with irrelevant things. You might end up waffling about things that the question doesn't want you to talk about. So actually writing down, narrowing down what actually is this question about? Is it about trading blocks, right? Is it about I don't know an exchange rate change? Is it about globalization? Is it about FDI? What actually is the question about? Is it about fiscal policy? Just narrow down what the question is asking for before you start essay planning. By narrowing down, you'll then realize exactly what the question wants from you and points will come from your notes to answer that question a lot better. I'll give you some examples. So you'll often see questions about macro performance. If you see that in the question, the question wants you to talk about the macro objectives. So linked to growth, linked to unemployment, linked to inflation, linked to our trade position, or linked to inequality, linked to government finances. That's what macro performance involves, right? Be careful if you see budget deficit. Don't confuse that with current account deficit. They're completely different things. They don't link together. One is about trade, one is about government finances. Make sure we read the question carefully there. I've seen a few times in past papers questions about the global economy in which case you're talking about global growth, global unemployment, global inflation, global trade inequality, etc. So, watch out for that there as well. If the question is about living standards or the impact on consumers, just make sure you're directing the question carefully or directing your answer carefully to what the question is actually asking you. Okay? Questions can be awkwardly worded there, but don't let that put you off. If your content mastery is really good, you won't get found out like that. But I do feel like narrowing down the question in paper two is actually more handy than in paper one. That's a tip that can help you a lot tomorrow. So bear that in mind. I want to stress the importance of ADAS diagrams tomorrow, guys. You know, so many students underplay how important these diagrams are or they take them for granted, not realizing how powerful they can be. If you guys have watched my power diagrams video, power macro diagrams video, I love making those diagrams video. My very first two diagrams were ADAS diagrams. And the reason why they're so good and they'll be so brilliant tomorrow. You're going to be using them many times, is because from those diagrams, you can link to the macro objectives, can't you? Right? You can link to growth, unemployment, inflation, and trade very easily. But tomorrow in your analysis or in your evaluation if you can add why that change in the macro indicator is likely to occur. That's the impressive thing for examiners. So not just saying look ad shifting right look demand pull inflation P1 to P2 anyone can do that but saying why there is that increase in inflation or decrease in growth unemployment. It's only one or two sentences more, but that will impress examiners a hell of a lot more than just stating letters on your diagram. To help you nail that

right, there is a video in my year one macro playlist. It's an old video of mine, but it's a great video and it says exam technique for ADAS shifts. Go and watch that and you'll get all the reasoning as to why there is a change in those macro indicators whenever curves shift. So if you're shifting AD right or left, SRS, LRs, right or left, and you're linking to a change in the macro objectives, always look to add why that is occurring. It's likely that could be the kind of AAR extra in your analysis or evaluation. All right, so don't underplay that. Very important you're confident with ADAS in that sense. Um, I want to talk about a couple of year one macro topic areas which I know are going to feature in your exam tomorrow. The first one is macro policy. It's coming up tomorrow, guys. Absolutely. It's coming up. Macro policy. It's important that you've weighed this up significantly. You're confident with it. But in my view, there are two sides to macro policy. You've got the easy side and you've got the hard side of it. The easy side is expansionary fiscal policy, expansionary monetary policy, and supply side policies for basic macro objectives. They're easy questions. I hope for your sake that those kind of questions come up. They'll be lovely for you. But within those easy questions, you can still show off. So in your analysis for expansionary fiscal policy, be specific. Don't just talk about higher government spending generally or lower tax generally. Give specific examples of government spending increasing of taxation cuts and then chain your analysis accordingly given that specific start. For expansionary monetary policy, if you're talking about lower interest rates, don't talk generally. show the examiner knowledge of the monetary policy transmission mechanism. Oya how a central bank interest rate cut can feed through into the wider economy by lowering other interest rates which can then affect AD. So in your chains of analysis in your paragraph write down a variety of chains of how interest rates can hit the economy can lower other rates and then boost AD. Show that knowledge of the transmission mechanism that will impress examiners more than just talking generally. And even for supply side policies, we know that they occur in two groups. You've got interventionist and marketbased supply side policies. But go further. Your marketbased supply side policies can be split into three more groups. You've got tax reform, labor market reform, competition policy. So if you're writing essays on supply side policies, you might look at your analysis paragraphs based on groups. So like one paragraph on labor market reforms, one on specific interventionist policies, and you can evaluate them in groups as well. showing that kind of knowledge is more impressive for an examiner and even in evaluation of these simple kind of policies you can show off a bit more. So for expansionary fiscal policy like going between the crowding out effect and then the crowding in effect stunning evaluation of expansionary fiscal policy. Uh Lacer curve critique of tax changes is nice evaluation. Ricardian equivalence questioning how extra disposable income is going to be used from expansionary fiscal policy. the liquidity trap argument against expansionary monetary policy. If you guys have watched my um awesome ways to show off in macro exams, you've noticed that those four things are in that video. And if your head is kind of confident around those things, stunning evaluation to very simple macro policy right there. Outside of that, something else for expansionary fiscal policy, you can worry about the impact on bond interest rates. If expansionary fiscal policy is quite extreme, if it means very high budget deficits are run or the national debt is increased significantly, it might mean that yeah, you know, investors lose confidence in the state of government finances. So they demand significantly higher interest rates on government bonds. So showing knowledge of that to an examiner very impressive, which then makes it harder, makes it more expensive for governments to borrow money over time to fund whatever they want to fund over time. It's basically the list trust quasiquatting effect we saw in 2022, right? So showing knowledge of that stunning evaluation questioning the size of the multiplier, the role of automatic stabilizers, um whether banks are willing to lend if interest rates are cut. These are all very unique, very good evaluation points. Look to use those to show off if you get basic macro policy questions. But then you've got the hard side as well. I appreciate all the support, guys. Lots of you donating and saying lovely things in the comments. I appreciate it. But let's talk about the hard side of macro policy. Make sure you've not underrevised this. Okay. First of all, it's contractionary fiscal policy. But if you get a question about that tomorrow, it might not be worded like that. The question might be worded, for example, linked to budget deficit reduction, the pros and cons of budget deficit reduction or budget or national debt reduction. You know, if a question is worded like that, would that throw you off? Or do you know the pros and cons of that? um for contractionary monetary policy, the effects, the impacts of higher interest rates, that's much harder than expansionary monetary policy and not just the flip reverse of expansionary monetary policy and even

supply side policies. What if the question isn't just about the basic macro objectives? What if the questions about reducing the natural rate of unemployment or reducing economic inactivity or at the moment reducing youth unemployment? We know how topical that idea is. or reducing a current account deficit, boosting international competitiveness, increasing productivity. If the question is about that, would you be okay? Hopefully, you're okay with that. You've been doing essay plans linked to those kind of topic areas, too. It's the same supply side policies you'd always use, but just pick the ones relevant for whatever the goal is and evaluate them in the same way. It's not difficult. Just make sure you're ready in case supply side policies are a bit more funky. So, that's the hard side of macro policy. Just don't let that catch you out. For me, the hard side is the year 2 extension to macro policy, whereas the easy side is more the year one way of learning macro policy. Big tip right there to make sure you're learning everything. And the other year one topic area we know is going to feature is the topic of growth, unemployment, inflation. Examiners love this topic area. So, a little checklist for you at this stage with all of that. Do you know how the measure works? Not just what the measure is like CPI, LFS. Do you know how it works in detail? One checklist. Two, do you know what the problems with the measure are? Three, do you know the types and causes of growth, unemployment, inflation? Four, do you know the consequences, the costs and benefits? The two areas normally students are not ready for paper two exams, the problems with the measure. What happens tomorrow, guys? If you got a 25 marker that says, "Evaluate whether GNI per capita is an appropriate or an effective measure of growth and living standards, would you be okay to answer that or is that a question that will really throw you? " Make sure you know the problems with the measure because it can be an explicit question that you need to answer. Or it might be useful evaluation in an essay where you need to evaluate whether low rates of unemployment are always beneficial for living standards or whether high rates of inflation are always concerning for an economy. Right? You can always evaluate in those questions with how actually the measure might be misleading us because there are problems with it. So you've got that as an option if you know what those points are. The second thing normally under revised consequences. So the costs and benefits of growth, unemployment, inflation, deflation, you can bank on that coming up somewhere in your exam tomorrow. Very easy to revise. Just make sure you have all your points ready to go and it'll be a lovely essay if that came your way tomorrow. Okay. In terms of year two topic areas, there are a few topics that examiners always love. So exchange rate changes, the impacts of a weak exchange rate or a strong exchange rate. Examiners love questions like that. Trade and protectionism very topical for exams this year, isn't it? So, a question about free trade or free trade deals given the UK's position recently is signing many free trade deals with countries around the world, but also protectionism given what Trump did with his tariff attack last year ripe for an economics exam, isn't it? So, do you know about your pros and cons of trade, protectionism? For AQA students, do you know about the impacts of a current account deficit? That's an AQA favorite. My advice for these topic areas is have evaluation points like ready to go that you're really happy with. Rank them up. Yeah. So for me, like if I'm talking about um exchange rate weakening, I go straight to Marshall Learner and J Curve. It's like my go-to evaluation point. For free trade, I always worry about over specialization, the risk of unemployment. De-industrialization is like my go-to. Um for protectionism, I love retaliation. I've always got like these points in my head that I'm going to whip out. My favorites. You should do the same for these kind of major topic areas. But here's a topic year two macro that again examiners absolutely love for some reason all exam boards. It's development economics. Um hopefully you've not been under revising that. But you see when these questions come up on development, they're always basically the same style. So questions about growth for development, trade and development, FDI and development, aid and development, micro finance for development, marketbased policies, interventionist policies for development. If you look back, they're always the same. They're always worded the same way. So ideally, your notes are already set with all of those topic areas. If not, go back into this live stream, all of those essay titles. Just have your pros and cons ready to go linking to development, and you're fine with an essay if that was to come up. You can plan it. you can write it no problem tomorrow. And even for those titles, rank up your best evaluation points. It will make your life much easier tomorrow when you are essay planning. All right, guys. Hopefully very helpful so far. How to use the remaining time. Bear in mind, more time than this time last week. It's an afternoon exam. You have a lot of time to ensure that everything is perfected for your performance to be great in your exam tomorrow. So, I recommend two things. First of all, of course, content mastery. You want to be a true content master. no holes in your knowledge whatsoever, no way to get found out

tomorrow. So, make sure every single point in the spec you're ticking off, but do it actively. Active recall, if that's blurting things out or whatever, test yourself that way with content, topic by topic. Make sure there are no holes at all. Alongside that, of course, essay planning. Essay planning in a very short space of time, two, three minutes, like you're going to need to be doing tomorrow. Writing as few words as possible where you know exactly what you're going to be writing in your paragraphs. great way to essay plan between now and tomorrow. You can also do it out loud to get through more. But also your real world examples, knowledge of the UK economy, stats about the UK economy, and just wider examples you're going to use in any essay that comes up tomorrow. Have all that set. That's one. And then the second thing is go back to paper one, be honest, self assess, self diagnose what went well, what didn't go well in any areas within paper one. A lot of people have been asking me about time management. That wasn't quite great for paper one. A lot of people have said that's been the major complaint actually after paper one and I always say with time management guys my favorite two options to be on top of time is essay planning. I know it takes time to do it but it means when you're writing you'll not be thinking at all. So two or three minutes to essay plan is totally worth it. It will save your time. That's the best advice I can give you. And second is just brutally using the clock. Right? For every question you do you look at the clock and you think when am I going to finish? What's my target time to finish on that clock? And then as you're writing, you keep looking up the clock and you self assess. Where am I in relation to that finishing time? Am I ahead of time? In which case, great. Am I behind I need to speed up. I need to think how am I going to finish by that target time on the clock. It's amazing how powerful that is. You know, I have a target time for this live stream as well. I know I want when I want to finish. I want to finish by half 7. So, every time I'm looking at the clock and I'm self assessing, am I on track? Do I need to speed up? like change things a little bit? Do the same thing in your exams tomorrow. Use the clock like that. Incredible time management advice. A lot of people tell me, "Oh, darling, you know, shall I change the order of the paper and like reverse it or something? " I'm not a fan of tactics like that. Like, if that makes you comfortable and happy, fine. But it doesn't really get to the root of your time management issues, does it? And chances are you'll still run out of time or whatever you do, whatever you do last, you're still not going to have perfect time to do it. So I think rather get to the root of your time management issues. On top of that, think about your use of examples, use of the extracts, how you're going to essay plan, manage your nerves. Do that. That's how to use this remaining time well. And let me tell you guys, you want to be doing all of this. using this time well. You want to be going into your exam feeling prime, feeling at your peak, you know, because paper two is a great exam. fun time. It's a celebration. It's a joyous occasion. It's something to look forward to because it's macro content. Macro is really interesting. It's really easy to write in detail about it. It's really, really easy to wow the examiner with macro more so than with paper one. You want to feel that buzz. excitement for this exam for that reason. But also, guys, also you've got to bear in mind this examiner is resilient. This examiner is tough. This examiner is thick skinned. You thought you trampled over the examiner in paper one. You thought you bazooka that examiner to oblivion pushed that examiner to the side. You walked out the exam hall saying goodbye. I smashed this exam paper. But no, no. The examiner is back again. The examiner has been resurrected. Back again for second round effects. Back again to take you on to make your life difficult to try and derail you. So what do you need to do? You need to resharpen up. You need to go back to those incredible superpowers that you have. You need to go back and remember how much of a hero you are. Not unique to microeconomics, but with macroeconomics as well. You're just as big as a hero. So, sharpen up those powers. Sharpen up the weapons that you have. Reload that bazooka to take on the examiner because the examiner is not going to hold back. You can expect awkwardly worded questions again tomorrow. No worries about it. You've got special powers. You've got strategies to take down that examiner. The examiner is going to ask you tough questions. It's going to test you with tough content. Not to worry about it. You've got no holes in your content. You've covered everything in the spec in the specification. The examiner can't touch you that way. And you've developed new powers, haven't you? You've got great knowledge of the UK economy. You've got great wider examples that you can use to blast that economy, to push that examiner to the side, and to tell the examiner, "Hey, hey, you're not in control of me. I'm the true economics master here. guru with micro and with macroeconomics. " You know what you want? You want to be walking down the street, your local high street between paper two and paper three. You want people to be tapping you

on the shoulder and to be saying, "Hey, hey, how come you have this like radiant light around you? What is that thing around your head? And how come you're walking down this street with a strut, with a swagger? You're shaking that booty so strongly where everybody can't help but notice it. Where is this come from? And you're responsible. Oh, you know what that thing is around my head? That's divine light. That's my aura. That's all coming from the economics gods because I'm one with the gods. And the reason I've got that divine light is because I smashed my paper two. So yes, I've been in control. I have this divinity around me for that reason. You want in your house for your mom and dad to say, "Hey, son. Hey, daughter. Is everything okay? I'm looking at you. It looks like you're bleeding. Are you all right? " Hey, Mom and Dad. Nothing to worry about. Yeah, it might look like I'm bleeding, but all I'm doing is bleeding confidence. Yeah. All I'm doing from every pore of my body is bleeding confidence. And that's because I took down that examiner a second time. I blasted my macroeconomics. I blasted my paper two so hard. I can't stop this confidence emanating from my body so that hey, when paper three comes along, mom and dad, all I need to do is to complete the set. I've done the first two, the grade is pretty much in the bag. All I need to do is finish off. And do you know why? Because I'm in control of my destiny. future. I'm in control of my life. Not some random examiner. Uh uh. They're not going to paint my future. I'm gonna paint my future. I have the brush. So, tomorrow you've got your pen, but actually, you're painting your future. You're painting your vision. You're painting your life going forward. You're in control of that. Not some examiner. Remember that tomorrow. I want you to feel confident. think that macro is a wonderful time. Macro is something to celebrate. enjoy. Yeah. Don't hold back on your talent. Don't hold back anything in the locker. Put it all out there. Yeah. Your detailed writing and analysis evaluation, your use of examples, your knowledge of the UK economy, all the strategies that I've taught you today, generally on the YouTube channel. Use it all. Put it all out there because it's a long gap for paper three. We don't want to be in the doldrums. thinking the examiner's got one over me. Paper one might have gone well, but no, the examiner got me in paper two with this second round effect. We don't want to be thinking that. We're in control of our destiny. We're bleeding confidence. We've got that struck, that swagger, right? People are going to be stopping you. We're thinking that that's what's on the line here. So then when it comes to paper three, you can't wait to complete the set. There's a lot on the line with macro. here. So just because paper one went well, please. No inefficiency, no complacency, no cockiness, no overconfidence, none of that. It's one exam. It's only onethird of your final grade, right? Paper two is just as important. Hey, even more important now given what's on the line. We're not going to let the examiner win. We're ahead of that examiner. We know we've got our powers. We're going to use them. All right, guys. And hopefully when you're feeling great after paper two, it's going to all be about paper 3. And of course, with EMP plus style, we're not stopping. Loads of stuff coming to help you. So, even if right now you're thinking, "God, I've kind of left paper 3. " Don't worry about it. I'm going to guide you every step of the way. Tons of help coming your way. We're going to make sure paper three goes great as well. But first things first, you smash that exam tomorrow. I've said in the title here, you crush that exam tomorrow. Not just do good, you crush it. All right, you crush it. And I want you to bleed that confidence afterwards. I trust that you will, guys. Thank you so much for tuning into this live stream. Really hope you found it helpful. Lots of great tips and advice. I thought very, very hard about this one. If you take it all in, you believe in all the words that I've said today, I'm sure you'll do great tomorrow, honestly. And if paper one went well, this will be two out of two, guys. two. Oh yes, that's what we want. So go in there feeling great. Oh, it's your time to shine. Your time to celebrate. It's macro. Be happy about it. Your opportunity. Oh, yeah. Show that talent to the examiner. All right, guys. I appreciate it, guys. Thanks for everybody supporting in the comments. Appreciate you guys donating and stuff. I really appreciate all your support. You guys give me the motivation. Honestly, I'm always full of nerves for the live stream, but seeing you guys here, I love it. So, thanks so much, guys. Re-watch it if you need to. I trust it'll go great. And then I'll see you again for paper three. We're going to do it all over again. And blast that one, too. Cheers, guys. Revise hard. Use this remaining time. Well, go and crush that exam tomorrow. I know you will.