Edexcel Economics Unit 4 Global Economy Discussion Thread (10.June.2014)

For the 20 and 30 marker
20 mark - 3 points, 2/3 eval. I tend to evaluate each point as I go along. 2 is required for maximum marks
30 marker - similar. 4 points, 3/4 eval. 3 is required for max marks. Stick in a definition or explain the concept in the question if you can e.g. Poverty, globalisation etc

And when they mention "a country of your choice" always do mention one or you'll be severely capped!! If like me, you've stupidly done no research or case studies, just think smartly :colone:

If you're talking about a developing country, apply relevant points such as primary product dependency, corruption etc. Statistics are not required, as long as you know what you're talking about it should be fine

(edited 9 years ago)

Reply 266

Dilzo999

19

Original post by Ff96

For the 20 and 30 marker
20 mark - 3 points, 2/3 eval. I tend to evaluate each point as I go along. 2 is required for maximum marks
30 marker - similar. 4 points, 3/4 eval. 3 is required for max marks. Stick in a definition or explain the concept in the question if you can e.g. Poverty, globalisation etc

And when they mention "a country of your choice" always do mention one or you'll be severely capped!! If like me, you've stupidly done no research or case studies, just think smartly :colone:

If you're talking about a developing country, apply relevant points such as primary product dependency, corruption etc. Statistics are not required, as long as you know what you're talking about it should be fine

The thing is, do all 20/30 markers require data or is it just a few?

Reply 267

Original post by Dilzo999

The thing is, do all 20/30 markers require data or is it just a few?

Most of the time they don't, I've realised it's the growth and development questions that require some sort of knowledge on another country (hence why I intend to steer clear of this in the exam) but after doing some past papers I've realised knowing some stuff about the EU can really help you boost your marks!

Reply 268

I hope there's an essay on competitiveness or surplus/defecit. I don't like the development stuff or trading blocs

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Reply 269

aminkaram

Original post by Farringtonn

I hope there's an essay on competitiveness or surplus/defecit. I don't like the development stuff or trading blocs

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Surplus / Deficit would be good. Competitiveness I could probably manage if it came up as a 20 marker. I run out of evaluation points if it gets to 30 marks. What would your points be? By the way doubt it will come up since it came up last year :frown:

I really hope FDI comes up. Like one question being the benefits to the firm for the 20 marker and a second question being benefits to the country.

Reply 270

Original post by aminkaram

Surplus / Deficit would be good. Competitiveness I could probably manage if it came up as a 20 marker. I run out of evaluation points if it gets to 30 marks. What would your points be? By the way doubt it will come up since it came up last year :frown:

I really hope FDI comes up. Like one question being the benefits to the firm for the 20 marker and a second question being benefits to the country.

Competitiveness is the best essay ever! It's so synoptic with unit 2. You can talk about value of currency, education and training, labour costs, regulation, etc.. And argue either way. Then evaluate by speaking about opportunity cost, time lag, short term/long term, how regulation is needed, basically general knowledge

Ooh FDI! I wouldn't know what to say about that if there was a whole essay on that :frown:

Reply 271

Original post by aminkaram

Surplus / Deficit would be good. Competitiveness I could probably manage if it came up as a 20 marker. I run out of evaluation points if it gets to 30 marks. What would your points be? By the way doubt it will come up since it came up last year :frown:

I really hope FDI comes up. Like one question being the benefits to the firm for the 20 marker and a second question being benefits to the country.

Last year I think it was deficit/surplus, so maybe it could be factors that influence competitiveness such as unit labour costs. Hasn't come up since 2010 I don't think :smile:

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Reply 272

spspspiderman

So scared for this exam

Reply 273

Really need to get a B in this exam to get an A overall but I struggle with application in essays. Plus I have 4 exams this week so can't do as much revision as I'd hoped. Does anyone have any tips?

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Reply 274

Original post by Farringtonn

Really need to get a B in this exam to get an A overall but I struggle with application in essays. Plus I have 4 exams this week so can't do as much revision as I'd hoped. Does anyone have any tips?

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I'm in the exact same position as you :c the good thing about unit 4 is you can slyly fluke it and bring in anything from the other 3 units, so as long as you know your theory you should be fine. Evaluation is crucial. And uh, don't panic!

Reply 275

Original post by Ff96

I'm in the exact same position as you :c the good thing about unit 4 is you can slyly fluke it and bring in anything from the other 3 units, so as long as you know your theory you should be fine. Evaluation is crucial. And uh, don't panic!

Unit 3 didn't go as well as it could so there's more pressure! It's just trying to revise everything. Any tips for getting the application marks? I think it's 4 and 6 for the essays.

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Reply 276