So yeah, that didn't go well for me, did the first context and essay question. Especially with the essay question I just ran out of things to say and ended up waffling for most of it. So defo a June resit for me
(Original post by vinchenzo25)
I'd say my main evaluate point was that the impact on unemployment highly depended on what had caused the exchagnge rate to fall. So for instance a fall in the exchange rate due to a fall in the interest rate would result in investemnt etc.
Also that the UK has a freely floating rate so demand and supply will correct themselves in the future so it is possible that a reduction in unemploynent may not be sustained.
Hope this is helpful and makes sense ! What about you ?
I quoted the fact that India is only 1% of Exports from the source and said the effect won't be significant but if India invests and grows it can become significant.
I also said that it won't be a sustained reduction due to the trade cycle and so in the long run it will inevitably go back to high unemployment
For globilisation, I got 1.2, I dont think I put $bn or whatever it was though... Will that cost me marks? and if so how many?
Rest of globilisation was relatively straightforward.
For the other half, I found the first of each were very easy, but number 3's essay question was the best, though still not great, sorta waffled through it, some of your guys evaluation points were far better than mine, I sorta waffled through it.
What is the avg amount of paragraphs/points + evaluation for the main body of the essay questions? I did 2 (page long paragraphs) for Globilisation and 3 (1 was bull crap, said Hysteris theory would mean an increase in employment would result in further employment which I think is wrong...)
Had to retake both AS Macro & Micro just a week and 2 weeks ago respectively so Macro AS foundations were rock steady in my mind, got a high C in both the first time.
We study Micro and Macro simultaneously, so we've only had half of the September - January bracket, normally we would take the exam in June, but our teacher decided to have an early crack at it, and get a banker in, so June isnt as important.