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Question spotting for F585 Economics The Global Economy OCR A level June 2011

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Hey guys...just thought I'd give you my 2 cents on what I think'll come up

Looking at the stimulus material, its not as obvious as previous years as to what the questions will be about...but it seems to dwell alot on trade and integration

I reckon questions on the economic cycle. expansionary monetary policy, Spains 'generous' welfare system, something about Monetary Unions, long run economic growth, role of the IMF, reasons for international trade

Again, this is just my opinion from looking at the prelim material...could be wrong, but there's not much else I can see from the prelim, its very vague this year :frown:

Reply 161

06hwhelpton

Original post by mqt

i have a question! :smile:

...could you explain to me a reserve currency please :smile:

A reserve currency is one that is unlikely to depreciate in value and has relatively low volatility. It is for this reason that many central banks and international organisations use it to hold their monetary assets.

Realise you asked this ages ago, so you probably already know.

Reply 162

rs91

Hi, guys I haven't been taught this module and have just been using ATP. From there, there aren't many topics that need to be covered- Protectionism, trade etc, supply side policies etc, similar to unit 2.

What are you guys focusing on? Is there a lot to cover and do I have enough time to cover it?

Thanx

Reply 163

viksta1000

Original post by rs91

whats ATP?

I'd say that the prelim focuses heavily on macro economic performance and trade, so I can only recommend that you concentrate on them

Reply 164

Doughnuts!!

CRAMCRAMCRAMCRAMCRAMCRAMCRAMCRAMCRAM

This is me ATM. :redface:

Reply 165

Hubb

Hi,

For the question:
Comment on how the lack of convergence of the euro-area economies may affect the viability of the MU (10)

What would be a counter argument?

I know all about 2-speed euro etc etc and how lack of convergence = bad for MU, but for 10markers you need to show a balanced argument, and talk about both sides?

But what would I say to balance my essay? Aka what points can I put saying that actually, lack of convergence doesn't matter that much?

Reply 166

ajayhp

Original post by 4011seb

Hi there

I have got the APT booklet which has a predicted mock test. Obviously it wont be exactly the same but 1 or 2 may be right. I also no ohter companies produce prjected exam style questions. If somebody has some from other cpmapny such as tutor2u or zigteach(not sure if thats right lol) i would let you see the questions APT thnks could come. Thanks

can u send me the ATP via e-mail (PM me)

Original post by rs91

Reply 167

rs91

I only have it as a paper format?

Is this enough to revise from though? It doesn't mention a lot of the things that have been mentioned in this student room and thats the only thing that worries me :/

Reply 168

rs91

Original post by viksta1000

whats ATP?

I'd say that the prelim focuses heavily on macro economic performance and trade, so I can only recommend that you concentrate on them

its a toolkit, just like Tutor2u

Reply 169

rs91

will somebody be able to send me the Tutor2u toolkit if they have it on PDF format and its not too much of a problem? Thanx

Reply 170

nini27

Does anyone have some suggested 20 marks questions that aren't in the toolkit please?
Thanks! :smile:

Reply 171

mqt

Original post by Hubb

wow, that's quite hard..
well...define lack of convergence... monetary union...
erm..talk about short term effects... long term effects...
maybe how the EU could fix this?...it says...affect the viability of the EU... so i think maybe it's suggesting how it could damage in the long term and how this can be fixed? :/ oh i hope that doesn't come up! i couldn't know how to answer...i'm going to try and figure this out! lol

Reply 172

Tariq_3458

Told by my teacher that the essay question is going to based around trade iberalisation !
Discuss the extent to which the Doha round of trade liberalisation, when completed, is likely to represent an economics benefit to the participating coutries.

Reply 173

mqt

Original post by 06hwhelpton

Hahaha yeh..i think i got it now. it has to do with foreign currency which central banks hold. Also a reserve currency is used due to the importance of exchange and how dependant and strongly the country trades with this country? :smile:

The reserve currency also helps manage an exchange rate to keep their own currency stable. :smile:

woohoo! and thatnks! that adds to my knowledge too! :biggrin:

Reply 174

mqt

Original post by Tariq_3458

yeah, it's seems to be a trend that it's going to be based around the final extract...so stuff about trade agreements, trade liberalisation, globalisation etc etc is what we were told too...but not too specfic cause we can never be too sure...i'm going to revise some more and i'm going to have a go at that question you've put down :yes:

feel like exchanging some views/answers afterwards? :colondollar:

Reply 175

Tariq_3458

Any help needed just holla ! (Y)

Reply 176

Tariq_3458

Anyone got any idea what the comment questions are going to be based around ? :/

Reply 177

arsenal111

only starting to revise this subject now.

failed it badly in january and been concentrating on my other subjects.

could someone please give me some main topics to revise - I have the toolkit but it all just seems too much to take in thanks

Reply 178

Original post by arsenal111

Macro-economic performance
Trade and Integration
International Trade

Reply 179

Tariq_3458

Original post by arsenal111

Learn about trade liberalisation which is going to be the big 20 mark question ( most likely)
PIIGS lack of competitveness and loose monetary policy.
Is is possible for me to get the toolkit of you ?