F581/ F582 Economics June 2013

I just wanted some opinions on the F582 exam.

At the time I found it hard. I knew I hadn't done well. I didn't think I did that badly though. What did everyone else do better in F581 or F582? (I didn't take the F581 exam in June)

I did all the past papers ect but I thought F582 was a lot harder than I expected! Does anyone else think the same?

I got my script back and all the questions I thought I did bad on I did. However the 6 mark question I got 0 on. It was a small mistake which cost me the 6 marks. When I say small mistake I mean 2 words...

Also, how hard do you think it would be boost my grade?

Any replies would be appreciated.

I did F581 in January and initially got 76 but then remarked to 84 so F581 was my etter exam

Some of the questions were very different, boundaries were ridiculously high. I have no idea, lucky you got your script back, I had to send off my remark last wednesday, the remark deadline is gone btw

Its good your grade went up. I know the deadlines gone, lol. I was too scared to send it back incase it went down. LOL. My teacher said it was okay and she said she could see where I went wrong.

There were no definitions or diagram questions - That's something I noticed. And yeah the questions were very very different!

Are you planning to resit? (Is anyone else?)

Thanks for the reply btw.

They it's great!. Haha fair enough.

Nope probably not unless the remark destroys my mark haha.

I got my script back... the mark breakdown is weird

1a 3 / 3
1b 2 / 2
2a 5 / 6
2b 0 / 2
3a 2 / 2
3b 3 / 3
3c 6 / 6
4a 2 / 2
4b 0 / 6
5 4 / 4
6 6 / 6
7 15 / 18

0/6 for 4b and it says ''Too vague''

My essay is interesting because I hit L4 over 6 times but in my stronger argument is purely L3

They it's great!. Haha fair enough.

Nope probably not unless the remark destroys my mark haha.

I got my script back... the mark breakdown is weird

1a 3 / 3
1b 2 / 2
2a 5 / 6
2b 0 / 2
3a 2 / 2
3b 3 / 3
3c 6 / 6
4a 2 / 2
4b 0 / 6
5 4 / 4
6 6 / 6
7 15 / 18

0/6 for 4b and it says ''Too vague''

My essay is interesting because I hit L4 over 6 times but in my stronger argument is purely L3

got mine back too got 14/18 for the essay also got 0/6 for 4B too vague written all over it , i have to retake it now as i have a C overall, really thought i was gonna get a B

This is interesting, lol. I also got 0 in that question! If I would have got marks on that question my grade would have gone up overall.

How are you finding the A2 work?

I just wanted some opinions on the F582 exam.

At the time I found it hard. I knew I hadn't done well. I didn't think I did that badly though. What did everyone else do better in F581 or F582? (I didn't take the F581 exam in June)

I did all the past papers ect but I thought F582 was a lot harder than I expected! Does anyone else think the same?

I got my script back and all the questions I thought I did bad on I did. However the 6 mark question I got 0 on. It was a small mistake which cost me the 6 marks. When I say small mistake I mean 2 words...

Also, how hard do you think it would be boost my grade?

Any replies would be appreciated.

Hi,

I got 98/100 UMS in June F582 (58/60 raw) and 98/100 UMS in January F581 (57/60 raw).

I think that the consensus from my college regarding the F582 is that the first 42 marks were generally OK, apart from possibly the question regarding unemployment being a governments main economic objective. However, most people struggled with the 18 mark question - particularly those who did little or no revision. Although it was probably the hardest F582 18 mark question I have seen.

Saying that our college didn't do very well in F582; some people I know got A's or high B's in January F581 and got D's in June F582.

I do think that the grade boundaries were around what they should have been, possibly one or two marks lower but on the whole were about right.

Boosting your grade would be difficult to say without knowing your module scores and whether you plan to resit.

I have the photocopy of my January F581 script and will be getting the photocopy of the June F582 script shortly. If anyone wants me to post my responses to specific questions, or want general F581/F582 help then feel free to ask.

It is ridiculous...

What the hell look at this:

What I said:
An increase in the rate of interest increases the cost of borrowing (0 marks)
And therefore also increases the reward for saving, with a higher cost of borrowing, consumers are more likely to save instead of spend, this reduces aggregate demand, the fall in consumer expenditure leads to a fall in investments as there is no consumer demand to ensure a safe return on investments. A few things to consider is that it depends on the original rate of interest. It depends on the size of the increase in interest rates. It can be offset by another factor e.g. supply side policies, leading to greater investment. Consumers and producer may be optimistic about the future, and so consumer expenditure and investment may not fall. A lower inflation rate could increase exports which could lead to increased investment abroad and at the home country.

What the markscheme says (I'll link bold parts in my paragraph to marks I should have got):
An increase in the rate of interest will increase the cost of
borrowing to firms. (1) - Because I didn't say to firms I lose this mark???
Consumer expenditure may fall with a higher interest rate
which may reduce firms’ profits. (1) - Ok I basically said it reduces the firms incentive to invest, rather than profits wouldn't this be suitable?
Depends on the initial rate of interest. (1) - Original = initial therefore wtf OCR?
Depends on the size of the increase. (1)
Other factors may be favourable to investment, eg low
corporation tax. (1)


This is a load of **** if I'm being too vague

Firstly, I can't remember the specific question and I will use the mark scheme you have given as I don't have access to it.

I would say for the first point that not mentioning specifically firms is enough not to give you the mark. Although it looks harsh, precision is needed - you could be referring to the cost of borrow increasing for consumers or firms.

In your second point you need to mention that a decrease in consumer expenditure leads to a decrease in the firms profit which then leads to a decrease in investment. The examiners will be looking specifically for you to mention firms profit.

If your analysis has scored 0/3 marks then the three marks for evaluation are not available I understand.

Although it may look harsh, the biggest tip I can give for success in these two exams is learning exam technique and the mark schemes. Specific, methodical answers are needed to score well in the analysis in the 6 and 8 mark questions and will allow you to access the evaluation marks which hold half of these questions' marks.

Hope that helps.

Thanks for being honest.

I do think though that the markscheme in the first place, the first analysis mark (which would've allowed me to access evaluation) is ridiculous. Look at it and tell me that the implication of my first sentence covers all areas ''by mentioning to firms surely I am not acknowledging the fact that it also increases the cost of borrowing for consumers which in turn influences the level of investment...'' The question never mentioned firms specifically, I should have being able to access that mark.

I hope that in my remark I have a more generous examiner; my paper says TV next to 4b meaning too vague, I think in parts I was vague but in other parts I was specific.

It is ridiculous...

What the hell look at this:

What I said:
An increase in the rate of interest increases the cost of borrowing (0 marks)
And therefore also increases the reward for saving, with a higher cost of borrowing, consumers are more likely to save instead of spend, this reduces aggregate demand, the fall in consumer expenditure leads to a fall in investments as there is no consumer demand to ensure a safe return on investments. A few things to consider is that it depends on the original rate of interest. It depends on the size of the increase in interest rates. It can be offset by another factor e.g. supply side policies, leading to greater investment. Consumers and producer may be optimistic about the future, and so consumer expenditure and investment may not fall. A lower inflation rate could increase exports which could lead to increased investment abroad and at the home country.

What the markscheme says (I'll link bold parts in my paragraph to marks I should have got):
An increase in the rate of interest will increase the cost of
borrowing to firms. (1) - Because I didn't say to firms I lose this mark???
Consumer expenditure may fall with a higher interest rate
which may reduce firms’ profits. (1) - Ok I basically said it reduces the firms incentive to invest, rather than profits wouldn't this be suitable?
Depends on the initial rate of interest. (1) - Original = initial therefore wtf OCR?
Depends on the size of the increase. (1)
Other factors may be favourable to investment, eg low
corporation tax. (1)


This is a load of **** if I'm being too vague

i think for the first bit ive bolded you lost the mark because you didn't specify whether the cost of borrowing is increased for firms or consumers.

the second thing ive bolded - you really should have got this mark ( cannot see why youve lost it ) however i think if you don't get the marks for analysing , then you can't access the comment marks.

it increases for both though

I should have got the other mark as well about less sure safe returns on investments due to less consumer expenditure

Hi,

I got 98/100 UMS in June F582 (58/60 raw) and 98/100 UMS in January F581 (57/60 raw).

I think that the consensus from my college regarding the F582 is that the first 42 marks were generally OK, apart from possibly the question regarding unemployment being a governments main economic objective. However, most people struggled with the 18 mark question - particularly those who did little or no revision. Although it was probably the hardest F582 18 mark question I have seen.

Saying that our college didn't do very well in F582; some people I know got A's or high B's in January F581 and got D's in June F582.

I do think that the grade boundaries were around what they should have been, possibly one or two marks lower but on the whole were about right.

Boosting your grade would be difficult to say without knowing your module scores and whether you plan to resit.

I have the photocopy of my January F581 script and will be getting the photocopy of the June F582 script shortly. Also, if anyone wants me to post my responses to specific questions, or want general F581/F582 help then feel free to ask.

It is ridiculous...

What the hell look at this:

What I said:
An increase in the rate of interest increases the cost of borrowing (0 marks)
And therefore also increases the reward for saving, with a higher cost of borrowing, consumers are more likely to save instead of spend, this reduces aggregate demand, the fall in consumer expenditure leads to a fall in investments as there is no consumer demand to ensure a safe return on investments. A few things to consider is that it depends on the original rate of interest. It depends on the size of the increase in interest rates. It can be offset by another factor e.g. supply side policies, leading to greater investment. Consumers and producer may be optimistic about the future, and so consumer expenditure and investment may not fall. A lower inflation rate could increase exports which could lead to increased investment abroad and at the home country.

What the markscheme says (I'll link bold parts in my paragraph to marks I should have got):
An increase in the rate of interest will increase the cost of
borrowing to firms. (1) - Because I didn't say to firms I lose this mark???
Consumer expenditure may fall with a higher interest rate
which may reduce firms’ profits. (1) - Ok I basically said it reduces the firms incentive to invest, rather than profits wouldn't this be suitable?
Depends on the initial rate of interest. (1) - Original = initial therefore wtf OCR?
Depends on the size of the increase. (1)
Other factors may be favourable to investment, eg low
corporation tax. (1)


This is a load of **** if I'm being too vague

Do you have any tips on how to get high ums?