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

Ah don't worry, unit 4 is 60% of the a2 (both a bad and good thing). Use every figure and extract they've given you, everything they've given they chose specifically as it's relevant. Easy marks to pick up if you can link it to the question. Use figures in the graphs to back up your points and strengthen your answer. And I can't stress how important evaluation is D:

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 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

This is so me, it will say inequalitity or constraints of growth and i'm like hmmmm....what country shall I pickkkk LOL
I don't like any of the development in fact I only like the unit 2 policy stuff ( growth, competitiveness, inequality, deficits)

People are saying forward guidance but I only know like 2 marks worth of that, is it even in the spec?

Story of my life! Omg, what is that??? 😭

Story of my life! Omg, what is that???

That new guy working in the MPC said that they wont even consider increasing interest rates until unemployment falls bellow 0.7%. Unemployment was very close to this like 6 months later when the policy was meant to give them 2-3 years time and so it kinda backfired and they changed their 'prediction'
Them trying to make predictions is like us trying to predict Tuesday's exams LOL

Also, can you evaluate your evaluation?Would this be analysis or evaluation? :s

Haha! And yeah, I do that all the time for a sneaky mark or so. Guess it counts as a weird evaluation. I know you get rewarded but I'm not entirely sure under what category.

Would you be able to get all the analysis marks by just explaining your point and just saying it could lead to this and this ect


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Haha! And yeah, I do that all the time for a sneaky mark or so. Guess it counts as a weird evaluation. I know you get rewarded but I'm not entirely sure under what category.

Right heres my essay for a 20 marker then:

1 mark def
3 paragraphs of KAA (4marks)
2 paragraphs of evaluation (2/3 marks each)
Evaluating the evaluation (2 marks)



ZOMFG IT IS PEE. LIFE SUDDENLY MAKES SENSE.
You've just saved my life-literally.

Sounds brill, what I'd do exactly and same for the 30 marker, just add an extra point on each side. Try and use the data given too if you can.
Good to know

Yup I'm starting the past papers now, there's only 4? That's a relief hew:

I'm doing them right now too, do every single question even though in the real thing you only pick one. It's long but really helps. Growth and development needs to stop coming up so significantly ugh. Good luck!!!

I'm doing them right now too, do every single question even though in the real thing you only pick one. It's long but really helps. Growth and development needs to stop coming up so significantly ugh. Good luck!!!

I'm doing them right now too, do every single question even though in the real thing you only pick one. It's long but really helps. Growth and development needs to stop coming up so significantly ugh. Good luck!!!

Thank you very much! From this, could a possible evaluation point be that quantitive easing will be more inflationary from a Keynesian perspective? (AD increase = demand-pull inflation)

Could also bring in something about Gordon Brown selling off our gold then!

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