For the last question it asked if having a surplus can be beneficial for an economy, so i included a paragraph about how a surplus can lead to increased government spending on healthcare and education (etc) without having an opportunity cost, so in the long run the labour force becomes better educated, healthier and therefore more productive.
Valid point?

Reply 346

Muneeba x

Original post by TheVIllageGeek

What about the analyse and the other comment on question?
Im think one of them was 5 mark but Im not too sure...

analyse question was 4 marks, and the other comment on was six marks

Reply 347

justfly

2

Guys for the calculation I got $68.04bn, something around there, but I screwed up one question so badly, someone tell me if I'm going to get 0/6 for it, I wrote for about rapid investment and increase in standard of living for why Turkeys future looks promising or whatever the question was, but people talked about women in labour force which is right, i did talk about economic growth and increasing long run economic growth

Reply 348

TheVIllageGeek

1

Original post by Muneeba x

analyse question was 4 marks, and the other comment on was six marks

:O- dayumm, are you sure the analyse question was just 4 marks?? I thought it was 6 marks and ended up treating it as a comment on lmao.

Thanks anyway!

Reply 349

Ben_S96

4

Original post by thunguyen168

What did you predict for global paper?

Posted from TSR Mobile

First set of questions (4,6,10) will be on the UK economy and how it has recovered from 2007/2008. The role of IMF a possible 4 marker. 6/10 marker evaluation of the government's fiscal/monetary decision making. Second set will be on exchange rates and the Latvian/Icelandic economy. Discussion of floating and fixed exchange rate, perhaps. Which has had the stronger recovery? I am almost certain last 20 marker will be on development and sustainability in SSA. What do you guys think? Regarding the f582 exam I think coming on here can sometimes make any concerns worse and you can convince yourself you've done really badly. Is interesting to discuss answers though.

Reply 350

Leechayy

13

Original post by Knowing

I can't be the only one who thought the micro was harder than macro? :s-smilie:

I thought the macro was alright, aside from the multiplier effect and the 3 differences question.

I thought this exam was easier than the other one to be brutally honest :tongue:

Felt like I managed myself pretty well :smile:

Posted from TSR Mobile

Reply 351

Muneeba x

Original post by justfly

Guys for the calculation I got $68.04bn, something around there, but I screwed up one question so badly, someone tell me if I'm going to get 0/6 for it, I wrote for about rapid investment and increase in standard of living for why Turkeys future looks promising or whatever the question was, but people talked about women in labour force which is right, i did talk about economic growth and increasing long run economic growth

increase in population and non-working women were 2 out of the 3 reasons for potential economic growth as stated in the text. So there couldve been other reasons, you should get some credit for it.

Reply 352

gundamoo

How many marks could i have missed if i haven't mention current transfer as a part of current account ?

Reply 353

TheVIllageGeek

1

Guys, are these the right marks? It adds to 59 mark so I have either missed out a question or the marks are wrong:

1 Components of AD (3)
2 How is the equilibrium determined in a macro-economy (3)
2b Monetary policy+ equilibrium (4)
3 Inflation 3 differences (3)
3b Comment on- savings (6)
4 comment on- low inflation and unemployment (6)
5a Why the government would want economic growth. (4)
5b analyse- econ growth in Turkey (4)
7A Influences of consumption (3)
7B Multiplier- difference between SK and Turkey (2)
8A Deficit calculation (3)
8B essay (18)

Reply 354

username963570

21

Original post by VinayPatel

For the essay, I missed out the diagram (A02) but developed many points and evaluated well...how many marks would I lose for not having a diagram?

Not sure about f582, but for f581 not having a diagram is costly, so it might be the same situation. Thing is even if you have evaluated well, you may not get the marks for it if you haven't hit the levels beforehand. My f581 last year, essay was great with too evaluation, however I didn't use a diagram in my analysis so mark got capped to 8/18. Not saying it's the same, but it's very likely to be.

Reply 355

tash282

Original post by TheVIllageGeek

Guys, are these the right marks? It adds to 59 mark so I have either missed out a question or the marks are wrong:

1 Components of AD (3)
2 How is the equilibrium determined in a macro-economy (3)
2b Monetary policy+ equilibrium (4)
3 Inflation 3 differences (3)
3b Comment on- savings (6)
4 comment on- low inflation and unemployment (6)
5a Why the government would want economic growth. (4)
5b analyse- econ growth in Turkey (4)
7A Influences of consumption (3)
7B Multiplier- difference between SK and Turkey (2)
8A Deficit calculation (3)
8B essay (18)

I think question 2 was a 4 marker

Reply 356

asadsiddiq

Original post by no-nameskindaguy

Did anyone talk about the policies which would increase exports, and reduce imports, such as manipulation of exchange rate through interest rates?

I evaluated policies alot, and didn't delve much into the affect on AD. :frown:

Also just mentioned how a surplus wouldn't be desirable either as a macro economic objective was a balance of payments. Mentioned living qualities slightly but such a messy structure and points flying everywhere.

Overall as a general consensus a lot of people found it difficult and the 18 marker was very vague.

All in all, to everyone feeling deflated, don't worry I'm sure you've done well. Examiners will recognise it was tough and hopefully lower grade boundaries.

All you can do is your best ay

I mentioned exchange rates in a few of my points, even for the against points. I thought it was quite easy and logical to include exchange rates in.

Reply 357

username963570

21

Original post by tash282

Yeah same have a list of predicted questions. I love transport, it really interesting. My favourite part of micro is the multiple choice essays

Hey am I alright to have a copy of that list of predicted questions? I'm doing f585 too :smile:

Reply 358

tash282

Original post by VinayPatel

For the essay, I missed out the diagram (A02) but developed many points and evaluated well...how many marks would I lose for not having a diagram?

Original post by Fas

Not sure about f582, but for f581 not having a diagram is costly, so it might be the same situation. Thing is even if you have evaluated well, you may not get the marks for it if you haven't hit the levels beforehand. My f581 last year, essay was great with too evaluation, however I didn't use a diagram in my analysis so mark got capped to 8/18. Not saying it's the same, but it's very likely to be.

you don't have to draw a diagram you can still get all the marks, but it is harder to do so, like drawing a diagram makes you do a reasonable amount of analysis

Reply 359

JMG-Manchester

What did everyone put on the second question that said to say 2 monetary policy measures that cause macroeconomic equilibrium? (Was something like that)