A2 Economics - F585 June 2013

Please can anyone tell me the difference between monetary convergence and fiscal convergence i can't find it anywhere!

This was answered in an earlier post

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Guys, one quick revision tip.

I'm going through each extract (including introduction) and highlighting key points with questions that could be given on them. I've literally wrote "why" or "how does this..." on some of the paragraphs so I can be prepared for any questions.

I'm making a case study guide, though my teacher will produce one anyway, that has key definitions from each extract, key points and expanded analysis. For example, the introduction talks about a single currency, so I've made a page saying what it is, the benefits for and against etc...

If anyone would like a final copy of that, let me know. Hopefully I can complete it latest by 3 weeks.

Thankyou! You actually know everything! how do you revise?

Confuses me that the APT talks about countries having fixed exchange rates in ERM II - I was under the impression it was semi-fixed/semi-floating

I thought this too but I looked it up on a website and it says it is fixed but has margins of +/- 15%

I recon there a good chance this does actualy coe up, but basically te fee economies use to be command economies, so had very little GDP per was and so low savings, this meant there was very little domestic investment (as investment=savings)
in order to grow the economis needed investment and so looked elsewhere in the form of debt and fdi
ao3) analyse how this increased their growth
ao4) the negatives this had e.g fdi goes in recession so isn't sustainable
loans must be repaid which harms future growth
Conclusion) without fdi and loans the CEE economies would not have been able to grow at all, but now they should start trying to use domestic investment more

Is the APT toolkit any good or better than the tutor2u toolkit?

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I didnt mean consumer spending decreasing specifically for inelastic products. If inelastic products increase in price, we can assume thatdemand will not decrease proportionately and so these will take a bigger proportion of people's wages and disposable income may decrease hence less consumer spending in general. Contrary to this, with less disposable income, inferior goods are likely to see an increase id demand and consumer spending may increase in this sub-market.

Apologies for any spelling errors. You have no idea how hard it is to type.on.this phone, it has a mind of it's own.

Great list btw

Have you made some model answers by any chance??

Im not trying to "steal" your hard work, but I have been working through them and I want to see if I was any close to what you got.

FYI, if anyone on this thread wants an .mp3 of a lesson I went to covering basically everything the exam board can ask on the last question, just holla!

Papping myself for Tuesday Only thing I'm weak on (I know absolutely nothing) are the diagrams. I don't know any of them at all! They can be valuable to gain marks, any chance anybody could draw them out and explain their usage and post them on here? Would possibly get me into Uni! Thanks...

There's only one of the really isn't there? The trade creation/diversion one. Have you got the textbook? It took me ages to understand but just try and go through what it says step by step as you draw it out.

What's that diagram? Never even head of it? What page?

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We haven't been told to use diagrams at all, didn't think there was really any relevant ones?