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

I did question 1 and then question 4. Part 1 b was good, but what did people write about for 1 a? I talked about cuts in spending, less spending (automatic stabilisers and stuff) due to economy doing better than in 2009 and then increase in indirect taxes but I'm not sure if it's right.


Question 4 was okay, apart from the part C. I left that till last and ran out of time but oh well.

That inequality question was messing me up . that 10 mark relativ poverty and gini coefficient is it ok to include kuznut curve?

Well they say do 3 eval BUT in examiner reports some people do 2 evals but on one point but its marked as one big eval
Its like you saing the %increase was large and furthermore b;ah has high significant and therefore...

Its actually two but marked as one, I did that too!

for question 1a i talked about fiscal austerity, but misread the question and said less crowding out and less debt and lower unemployment, would i get any marks?

Yeah the kuznets curve pretty much explains the issue

I found timing tight, I generally finish with a decent amount of time to spare, however today I didn't finish with as much time left over as I usually do. I thought it was similar to June 2013 however I would say our section B was harder and their section A was easier. I'm pleased with the outcome overall and glad that's one A-Level done and dusted.

Question 5c was horrible anyone else draw the economic business cycle?

Thank lord. N that 8 mark , is it all about writing inequality is rising?? N savings gap is paradox of thrift suitable for evaluation?

for question 1a i talked about fiscal austerity, but misread the question and said less crowding out and less debt and lower unemployment, would i get any marks?

OMDS, WE ARE SO FRIGGIN ALIKE

I did the same, the 8 marker I only got 4 marks max, I did AD shifting in diagram, wasn't sure what they meant!? It said comment If the said explain I would of did it differently!!!!
I liked the 15 but all did was unit 2 stuff >.<
12 marker was easy to do half but kinda hard to get enough points!!!

Question for b about inequality 4b is just KAA marks isnt it? There's no need to evaluate (it was an explain question) so I drew a Lorenz curve shifting outwards and said the gini coefficient rose etc

I threw in uk tax rates as well . Same for part b) I just mentioned france's increased tax. I was thinking of putting in the data in the question for part b into my answer for part a because it said France, UK and Greece. But just wanted to be on the safe side.

Yah iam sorry. I too did the same. Section A I selected 3 . How about you? I wanna know wethere paradox of thrift can be used as an evaluvation point.

Same! Most people I asked did development...I found the trade set of questions quite straight forward...for the pattern of trade I explained with examples along the lines of how some countries became lead exporters e.g. China while others face declining exports despite being a strong exporter earlier e.g. USA...But I'm not sure if that's what they're looking for lol

For agricultural subsidies question I used other countries other than EU and US to use as main example to explain my point :/ I'm worried it won't work now... The question was phrased as something like "economic effects of agricultural subsidies on global economy" so I thought it's okay 'cos it didn't specifically asked for EU/US :s

I did 5 on competitiveness, ran out of time for the last question and couldn't finish a point, but I reckon the rest went alright. There was a weird one on GDP that was quite AS though lol.

Hope they have got enough experienced examiners this time round . Last year this was a problem and we felt cheated by our grade although last years paper was much easier than this years. We students had to fork out a fortune for recall of papers ect. However, I hear there is a similar problem this year and hope they sort it out so we students don't suffer the consequences.

To those who did 3a) what sorts of points did you give, not too sure about some of mine but once you got into 3b it went quite well in my opinion.
I wrote about China showing growth but without development,
Development coming from other sources such as aid and then a point that some measures of development include GDP per capita(supposed to be GNI per capita) therefore the two are synonymous? And evaluated each point


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