OCR Economics F585 June 2012

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this is probably a stupid question, but will all the questions relate to the stimulus material or will there be unrelated questions? :confused:

Reply 1381

Placebo101

Original post by Ninjaelephant

this is probably a stupid question, but will all the questions relate to the stimulus material or will there be unrelated questions? :confused:

They'll be based on the content of the stimulus but they won't ask you to know anything about the stimulus outside of the stimulus.

Reply 1382

AmyBarbie

advantages and disadvantages of quantitative easing?

Reply 1383

jaya44

Can someone please explain what is global development and what policys are needed to promote it.
Thank you.

(edited 11 years ago)

Reply 1384

Ninjaelephant

advantages of inflation?

p.s. dreading this exam. anyone else? :frown:

Reply 1385

Lalaa

Original post by Placebo101

They'll be based on the content of the stimulus but they won't ask you to know anything about the stimulus outside of the stimulus.

Original post by Ninjaelephant

this is probably a stupid question, but will all the questions relate to the stimulus material or will there be unrelated questions? :confused:

also, you need to use the stimulus in your essays, its the apllication points, like for example, in GCSE we used our anthologies in our essays.. we have to use DATA and EVIDENCE to back up our points, so it would be good to know your stimulus... OR.. know general information about UK and China situation :smile:

Reply 1386

CMPUNK

Please can someone explain how quantitative of easing works

Reply 1387

Clare1994

Original post by evelynevelyn

Hey can you please explain figure 2.2 in extract 2 to me? you seem to understand it really well...

the main point is that between '08 and '10 where China had a fixed exchange rate.
Even despite the fixed exchange rate there was a 15% rise in the real dollar exchange rate
This is due to much higher inflation in china compared to the US and therefore the US have become more competitive in real terms the Yuan has appreciated against the dollar.

Reply 1388

Lalaa

anyone got any points for..

how WTO helps in promoting reasoruce effciency?
how WTO promotes sustainability

Reply 1389

7Pilgrim

Original post by Lalaa

the EU stuff..
are the policies, just
pollution tax, pollution permits, eco-innovation and subsidies?

wait.. could they not use taxes ie indirect taxes??

Yes, EU use taxes (eg indirect taxes like a pollution tax), subsidies, pollution permits and eco-innovation
vs
China - regulation, and using the monopoly profits (made from 95% of rare earth production) for domestic business investment & production... right?

Reply 1390

Clare1994

Someone just said it's been a lovely weather outside today....
I was like wha?!?!? revising has made me so oblivious to the world!

Reply 1391

Lalaa

Original post by 7Pilgrim

ye i just checked it up in the APT guide..
chinas just ban/quota.. the points youv written are ofcourse the application/evaluative points under < quota/ban

you feeling ready for this exam??

Reply 1392

hafsah1010

What other policies can be included for China's sustainability, apart from export quotas, such as on rare earths?

Reply 1393

hafsah1010

Original post by Lalaa

ye i just checked it up in the APT guide..
chinas just ban/quota.. the points youv written are ofcourse the application/evaluative points under < quota/ban

you feeling ready for this exam??

My Q's been answered, thanks!

Reply 1394

7Pilgrim

Original post by Lalaa

ye i just checked it up in the APT guide..
chinas just ban/quota.. the points youv written are ofcourse the application/evaluative points under < quota/ban

you feeling ready for this exam??

Phew - there's a difference between 'ready' and 'accepting of the fact that I have to do it and then it will all be over and I can go to a corner and cry'.

I could do with a couple more days planning stuff, but who wouldn't!

I just hope that the essay is that one - I can scrape an A hopefully if it is. Also, check out 'chunkyjooj''s posts - invaluable!

Reply 1395

farrukhkhan01

i dont understand the question regarding fig2.2. what other reasons are they for Currency appreciating other than undervaluation?

Any help would be nice

Reply 1396

Placebo101

Original post by Ninjaelephant

advantages of inflation?

p.s. dreading this exam. anyone else? :frown:

That's AS stuff lol

Reply 1397

owen1994

Original post by hafsah1010

What other policies can be included for China's sustainability, apart from export quotas, such as on rare earths?

Just make them up, suggest things that they could do to become more sustainable. E.g. carbon taxation, China are the largest polluters of CO2 in the world, China have a coal energy dependency of 70%, burning coal for energy emits enormous amounts of pollution. Typical way to solve this problem and allow China to become more resource efficient is through carbon taxation, emissions trading schemes, subsidys towards solar panels, subsidys towards electric cars, then China won't have to burn soo much coal, and less dependent upon it, therefore future generations will be able to meet their own needs etc.