The base economic theory of Demand and Supply, AD/SRAS/LRAS, fiscal, monetary and supply side policies are the bread and butter of economics.
Even business economics heavily relies of these theories. Demand and Supply are synonymous with Revenues and Costs and government intervention can affect these.
The diagrams for the base theory are also the easiest.
"A picture can say a thousand words", this indeed is true for economics. Whilst they may be a pain to remember, diagrams can save time in the long run,
maximising your private benefits in the exam. You can use diagrams to aid in understanding theory due to being innately visual.
Diagrams are also highly sought after by examiners as it shows a deeper level of knowledge than simply 'common sense'.
You can also use diagrams in both analysis and evaluation within your paragraphs, as long as you heavily integrate them.
Index numbers, PED/YED/XPED, percentage change, etc often come up in your smaller mark and/or multiple choice questions.
By practicing such questions and techniques, you can boost your grade due to their necessity in the subject.
Additionally, the WJEC specification states that at least 20% of the exam will have numeracy aspects,
so if you only get 50% on analysis and evaluation, You can get 70% in the exam resulting in around an A grade rather than a C.
Marshall-Lerner condition, The Prisoner's Dilemma, the Laffer Curve, Phillips Curve, etc.
These models add to the breadth and depth of your knowledge as they explain various assumptions that you may even have.
They also come with their own diagrams so you won't be bored doing the same diagrams all the time.
Content-wise, throwing these models in could bring a C/B student up to an A/A* as it shows excellent depth of knowledge.
By including specific statistics, data and background knowledge from real-life, you can strengthen your analysis and evaluation.
This is because, if you're assuming particular information, you will likely become more general, showing less depth of knowledge.
This could likely mean examiners are unable to award you as many marks as your arguments are not concrete but based on assumptions.
I myself have done this, in conjunction with leaving out diagrams which left me with a C/B grade instead of an A.
You will want to watch the videos by Tutor2u on market analysis and UK macroeconomic statistics, along with EconPlusDal's UK economy stats video.
Also, read articles on multiple media to scrape information on the politics, economy and business to support your argument.
If you're limited on time, breakdown the task and collaborate with classmates.
Ensure you take note of common topics to focus revision (don't neglect small topics though as they have a habit of featuring in long mark questions)
Completing past papers improves your time management. You can also find good points from the mark schemes which you can memorise.
Once completing one, mark it and see where your weaknesses are because then you can target your past paper revison using our application.
Don't neglect other exam boards. The nearest exam board to WJEC is Eduqas, though sometimes there is overlapping AS/A2 content due to the nature of English exam boards.
This is excellent as it re-familiarises you with definitions which you can incorporate in your answers.
If you do so, examiners will reward you for using relevant terminology.
Learning definitions is also beneficial as you gain further depth into each topic, so it's like partially revising a topic.
Of course, you will also not have to make up a definition to get some knowledge marks at the beginning of
essays as you will know what the term means in the question.