OCR F585 June 2015 The Global Economy

Reply 1180

A level sufferer

18

How can you show a positive output gap on a PPC?

Reply 1181

lam12

2

http://gu.com/p/496mq

Guys read this article its really good :-)
I found the point about capital flows interesting, so link that with FDI, they need the proper infrastructure (developing) for more capital flows otherwise it's not stable and need more regulatory bodies
- exports from developing are having to compete with subsidised goods
- developed countries are losing out, stagnant wages and job losses from migration of people etc

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Reply 1182

Salma.amz

1

Thanks, it's really helpful

Reply 1183

ryankeogan

1

Can someone give tips on how to revise this unit, I'm really stuck and cant answer any questions?????

Reply 1184

keynes24

10

Original post by ryankeogan

Can someone give tips on how to revise this unit, I'm really stuck and cant answer any questions?????

You need to have covered the content and practice past papers/exam technique, the way to approach questions is similar to previous years. You could have a look at mark schemes.

Reply 1185

ryankeogan

1

Original post by keynes24

You need to have covered the content and practice past papers/exam technique, the way to approach questions is similar to previous years. You could have a look at mark schemes.

thanks

Reply 1186

ahb123

2

Original post by lionelmessi19

Have you pm'd me your email?

How do I access the document please?

Reply 1187

Carrot123

2

Sorry to be a spot of bother, but can I have access to the document please? Getting really nervous for F585, and really want to do well in it...

My email is: [email protected]

Reply 1188

Hammy_23

3

13.Identify and explain factors that are likely to have contributed why the US andCanadian economies grew by 5% over this period?
extract 1 related
can we refer to high level of business and consumer confidence, exports being more price competitive

Reply 1189

keynes24

10

Original post by Hammy_23

13.Identify and explain factors that are likely to have contributed why the US andCanadian economies grew by 5% over this period?
extract 1 related
can we refer to high level of business and consumer confidence, exports being more price competitive

Any sensible reason explaining a rise in AD or AS should be fine if there isn't something specific about it in the extract.

(edited 8 years ago)

Reply 1190

Hammy_23

3

Original post by keynes24

Any sensible reason explaining a rise in AD or AS should be fine if there is something specific about it in the extract.

thanks for that mate :smile:

Reply 1191

Rubyx

13

With the aid of a diagram, explain how a rise in real GDP can help reduce unemployment

Reply 1192

Rubyx

13

Can someone please explain the structure for the 6 and 10 mark!

Reply 1193

keynes24

10

Original post by Rubyx

Can someone please explain the structure for the 6 and 10 mark!

It's all in mark schemes. 6 marks usually 2 points or a diagram + one point.

Reply 1194

_Fergo

19

Original post by Rubyx

With the aid of a diagram, explain how a rise in real GDP can help reduce unemployment

Is that A2 content?

Anyway, you draw a a regular AS/AD diagram, with real GDP increasing (you may use LRAS or SRAS).

You'd then need to explain how this happens:

-Describe the diagram.

-Employment is a derived demand, and so an increase in Real GDP will reduce unemployment. This happens as firms experiencing increased demand for their products are encouraged to increase their output. In order to do so, they'll need more workers to actually produce that output, and so unemployment falls.

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Reply 1195

_Fergo

19

Original post by Rubyx

Can someone please explain the structure for the 6 and 10 mark!

6 marks - two points well made. If a diagram is asked, a diagram and one point.

10 - marks.
Treat this as a mini essay.
L1 - Definitions
L2- Very short application (can be included in A3)
L3 - two points of analysis. Lengthy answers are not necessary.
L4 - Two evaluation points. Same as above.

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Reply 1196

raypalmer

2

Can anyone suggest a possible question about extract 3

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Reply 1197

jamesbird18

4

Original post by *Stefan*

6 marks - two points well made. If a diagram is asked, a diagram and one point.

10 - marks.
Treat this as a mini essay.
L1 - Definitions
L2- Very short application (can be included in A3)
L3 - two points of analysis. Lengthy answers are not necessary.
L4 - Two evaluation points. Same as above.

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What do you mean by A3? By application do you mean relating it to the context of the case study?

Reply 1198

_Fergo

19

Original post by jamesbird18

What do you mean by A3? By application do you mean relating it to the context of the case study?

L3 is the analysis (same as AS). That's usually explaining why the statement in the question is correct.

Yes, but also examples, analytical statements without analysis etc. Don't worry though, L2 blends with L3

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Reply 1199

A level sufferer

18

Original post by *Stefan*

Is that A2 content?

Anyway, you draw a a regular AS/AD diagram, with real GDP increasing (you may use LRAS or SRAS).

You'd then need to explain how this happens:

-Describe the diagram.

-Employment is a derived demand, and so an increase in Real GDP will reduce unemployment. This happens as firms experiencing increased demand for their products are encouraged to increase their output. In order to do so, they'll need more workers to actually produce that output, and so unemployment falls.

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Not really a question but just to confirm, real GDP increase may also be attributed to a rise in AD right (Provided there is spare capacity)

OCR F585 June 2015 The Global Economy

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