OCR AS Economics F582 May 2012
Economics exam discussion - share revision tips in preparation for GCSE, A Level and other economics and discuss how they went afterwards.
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Re: OCR AS Economics F582 May 2012could somebody tell me what ill get for this...
"Discuss whether an increase in government spending on education will always increase the economic growth rate." (18 marks)
INTRO:
Definition of government spending
It depends on the size of the increase as a huge change may have huge impacts, also if education is at full capacity it will have no effect
Its a expansionary supply side/fiscal policy
Opportunity Cost could be something to consider
ADVANTAGES:
I drew a diagram of a shift is AS/AD - explained the changes on output and price levels helping achieve economic growth
How it will increase labour productivity, lower cost of production, make firms more globally competitive/profitable and give government higher tax revenues to increase more policies in aid to achieve economic growth
the multiplier effect (increase employment ect...) to help achieve economic growth
DISADVANTAGES:
No certainty it will work due to cultural/social aspects
Timelag effect (no instant economic growth)
Opportunity cost as its cost heavy - perhaps lower tax revenues?
CONCLUSION:
UK have attempted to use this policy recently in attempt to get them out of the recession
Personally i would enforce them as its a long term investment -
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Re: OCR AS Economics F582 May 20124 at best(Original post by hii123)
could somebody tell me what ill get for this...
"Discuss whether an increase in government spending on education will always increase the economic growth rate." (18 marks)
INTRO:
Definition of government spending
It depends on the size of the increase as a huge change may have huge impacts, also if education is at full capacity it will have no effect
Its a expansionary supply side/fiscal policy
Opportunity Cost could be something to consider
ADVANTAGES:
I drew a diagram of a shift is AS/AD - explained the changes on output and price levels helping achieve economic growth
How it will increase labour productivity, lower cost of production, make firms more globally competitive/profitable and give government higher tax revenues to increase more policies in aid to achieve economic growth
the multiplier effect (increase employment ect...) to help achieve economic growth
DISADVANTAGES:
No certainty it will work due to cultural/social aspects
Timelag effect (no instant economic growth)
Opportunity cost as its cost heavy - perhaps lower tax revenues?
CONCLUSION:
UK have attempted to use this policy recently in attempt to get them out of the recession
Personally i would enforce them as its a long term investment -
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Re: OCR AS Economics F582 May 2012Not sure I worked really hard for this and its worked out I think I got 84 (A) ums.(Original post by berryripple)
Does anyone else think the results have turned out weirdly?
But I worked even harder for transport and could only manage a 66 (C) ums. -
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Re: OCR AS Economics F582 May 2012This was so odd ( I got a REALLY high B in F581 and a U for F582)
Is that even possible, I'm so sad about it but I don't know what to do, I revised harder for F582 as well! I was even shocked with the B because I thought I could get an A!
What should I do guys? Please -
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Re: OCR AS Economics F582 May 2012Get a re-mark.(Original post by eawilliams)
This was so odd ( I got a REALLY high B in F581 and a U for F582)
Is that even possible, I'm so sad about it but I don't know what to do, I revised harder for F582 as well! I was even shocked with the B because I thought I could get an A!
What should I do guys? Please
I got 100 in F581 but revised just as hard for this and got 84 (in mocks was getting 95+) -
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Re: OCR AS Economics F582 May 2012I think there might be something weird with the marks as well. In my year several people got Cs and a few Ds who were predicted As and i got 95 in F851 and only 74 in F852 which i felt far more confident that i had done well in. I'll probably ask a few more people but i'm likely to go for a remark in F852.
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Re: OCR AS Economics F582 May 2012F582 which I thought I aced I got 84 UMS in. My F581 resit which i thought went okay I got 100 UMS in.
Although I can't really complain in the grand scheme of things, the marking does seem weird.
Last edited by zachyg; 18-08-2012 at 12:06. Reason: Awful spelling. -
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Re: OCR AS Economics F582 May 2012(Original post by Incorrect.)
100 in both woo
What textbook do you use for OCR Economics AS and A2? I'm thinking of switching board from AQA to OCR...is that advisable?(Original post by zachyg)
F582 which I thought I aced I got 84 UMS in. My F581 resit which i thought went okay I got 100 UMS in. Although I can't really complain in the grand scheme of things, the marking does seem weird.
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Re: OCR AS Economics F582 May 2012Do it. Main textbook for OCR Econ are written by Colin Bamford, a quick Amazon search will bring it up. Also there is a revision guide by Keefe which is quite good.(Original post by theseeker)
What textbook do you use for OCR Economics AS and A2? I'm thinking of switching board from AQA to OCR...is that advisable? -
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Re: OCR AS Economics F582 May 2012Yeah I said so too, the OCR course is brilliant and easy to self study (he's a gap year student)(Original post by Part A)
Do it. Main textbook for OCR Econ are written by Colin Bamford, a quick Amazon search will bring it up. Also there is a revision guide by Keefe which is quite good. -
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Re: OCR AS Economics F582 May 2012(Original post by Part A)
Do it. Main textbook for OCR Econ are written by Colin Bamford, a quick Amazon search will bring it up. Also there is a revision guide by Keefe which is quite good.
Is it easy to get an A overall? AS + A2? Not just AS guys?(Original post by Junaid96)
Yeah I said so too, the OCR course is brilliant and easy to self study (he's a gap year student) -
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Re: OCR AS Economics F582 May 2012Yes, because it's easy to get a high A at AS, meaning you'll need a lower score at A2, which is more difficult so it evens out.(Original post by theseeker)
Is it easy to get an A overall? AS + A2? Not just AS guys? -
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Re: OCR AS Economics F582 May 2012What about an A*?(Original post by Junaid96)
Yes, because it's easy to get a high A at AS, meaning you'll need a lower score at A2, which is more difficult so it evens out.
