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OFFICIAL OCR ECONOMICS F582 21st MAY 2014 THREAD**

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1. Short intro involving definitions and brief overview
2. First AO3
3. First AO4
4. Second AO3
5. Second AO4
6. Third AO3
7. Third AO4
8. Judgement and conclusion
(You should have at least two relevant graphs throughout the essay although I would advise more)

How do you do the brief overview, and the two diagrams?

Reply 21

studentwiz

What are all calculations needed for f582 ?

Reply 22

Economics736

Original post by MichelleQarib

How do you do the brief overview, and the two diagrams?

Put in some ao2 knowledge and give examples about the question.
The diagrams should relate to any of your ao3's or ao4's e.g if I talk about economic growth causing inflation I can show this on a graph with a rise in AD

Reply 23

Hody421

Original post by studentwiz

What are all calculations needed for f582 ?

Understanding C+I+G+(X-M) and being able to pick out numbers from the text

unemployment rate and total labour force %
25% = 100 people unemployed
100% = 100x4 = 400 people in labour force

'X accounted for the 29% of the total real GDP' find X.
29% of the total GDP

Finding GDP per capita =Population divided by total GDP

Basic calculations which are less than C Grade GCSE Maths stuff.

Reply 24

AsianBeauty

What do you all think the essay question is going to be on ??

Reply 25

RebeccaChen

Original post by AsianBeauty

What do you all think the essay question is going to be on ??

i think the essay question may be about the international trade ?

Reply 26

AsianBeauty

Yhyh how you would reduce a current account deficit ?? So would you talk about protectionism , deflation , fall in exchange rate

Reply 27

fredhovis

The 18 marker will probably be on economic growth or inflation? they seem to be really common

Reply 28

RebeccaChen

Original post by AsianBeauty

Yhyh how you would reduce a current account deficit ?? So would you talk about protectionism , deflation , fall in exchange rate

and probably about the advantage of international trade eg comparative advantage?

i also have no clue about this but i feel like question about trade would come out... i am certain though :P

Reply 29

May-o2q

Anyone

(edited 9 years ago)

Reply 30

guyb121

Original post by RebeccaChen

and probably about the advantage of international trade eg comparative advantage?

i also have no clue about this but i feel like question about trade would come out... i am certain though :P

I'm pretty sure that comparative advantages is just A2 Economics?

There has never actually been an 18 marker on International Trade.

Seems much more likely it will be on fiscal/monetary policy in relation to changes in Aggregate Demand/Aggregate Supply and Unemployment/Inflation/Economic Growth

Reply 31

nitin0896

can someone attach last years june 2013 question paper?

Reply 32

AsianBeauty

Do we need to know about Austerity ??

Reply 33

ZQ110

Original post by nitin0896

can someone attach last years june 2013 question paper?

http://sccecon.weebly.com/uploads/1/9/0/9/19091357/f582-01jun13.pdf

Reply 34

tomixox

Original post by AsianBeauty

Do we need to know about Austerity ??

Nope

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Reply 35

CambEcon2015

Hey everyone not been on this thread yet but I was just confused about whether consumer expenditure includes all goods or just domestically produced goods? Thanks :smile:

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Reply 36

May-o2q

Original post by NinjaPandaa

Hey everyone not been on this thread yet but I was just confused about whether consumer expenditure includes all goods or just domestically produced goods? Thanks :smile:

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