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OCR Economics - Paper 3 -19th June 2008

Who's got this tommorow?

I'm worried that i haven't revised enough, but otherwise i think i'm ok at economics, i've done every single past paper possible from 1999 to 2007, so i think i am pretty well prepared!

If anyone has hard questions to ask, ask them here!

-M

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Reply 1

rev_pain

i do
but ive done no past papers
nd had about five lunch time lessons

Reply 2

neomilan

Hmm, there seems to be 3 people out of the thousands on this forum that take OCR Economics!!!
where are you! or are you busy revising!!!

and how can you be taking economics rev_pain hardly any lessons... :|

good luck all

Ah the paper was good! :smile:

Reply 5

minime360

yeah i agree that test was brilliant :smile:

Reply 6

minime360

What are we supposed to revise for the case study paper on monday 23 rd june

Reply 7

LiveLife

umm the case study booklet? and any obvious questions - i dont know, i havent really looked at it myself

Reply 8

v1oXx-

LiveLife

umm the case study booklet? and any obvious questions - i dont know, i havent really looked at it myself

There will be a break even thing. :smile:

Reply 9

rev_pain

is the next exam set out the same as that one?

neomilan

and how can you be taking economics rev_pain hardly any lessons... :|

with difficulty

Reply 10

FreddoMufc

i found the paper okayy, quite hard thoughhh. what will be an A, about 67% over 2 papers? i just hope they can read writing well lol

Reply 11

neomilan

it wasn't bad! only the last question and a few little bits in between were hard

A* will be 77to80% that's all i know

Reply 12

aww

This paper was easy, i thought. Next paper is generally harder and we have to think on spot. On this one, we were already prepared from b4.

Reply 13

andrew.P

neomilan

it wasn't bad! only the last question and a few little bits in between were hard

what was hard about the last question? wasnt tht just features of the two taxes? :suitc:

mr.mehta

Reply 14

neomilan

andrew.P

what was hard about the last question? wasnt tht just features of the two taxes? :suitc:

mr.mehta

it was more than that Mr powell

Reply 15

rev_pain

what are the features of the 2 taxes?

Reply 16

andrew.P

You just need to say direct tax- progressive - fair - lack of incentives - productivity down - can predict how much revenue received etc.

then indirect - regressive - demerit goods- cant predict revenue - inflation blah

then overall

Reply 17

neomilan

yeah, it would have been grrreat if i wrote all that!!!!
i know i flopped that last one :|

Reply 18

v1oXx-

andrew.P

I just wrote it should be direct as you can target higher earners. Indirect tax would mean even single mothers would have to pay the tax etc.

I had 10 minutes left, so I decided to write that Indirect tax could create poverty in the streets; this would mean tourists would rather go elsewhere. This would be bad for the balance of payments as we would be importing far more than we are exporting, and this would mean huge government debt. This could be the government reduces spending money on the economy, which could lead to a recession. This recession would low consumer confidence... blah blah lol.