A2 OCR Economics F585 June 2016

Hey guys, I've compiled a list of all the question i think may come up for extract 1 (i've used gconomics, econplusdal, apt and my own little mind)

what is meant by globalisation (2 or 4mrks)
what is meant by FDI (2)
what is meant by trade barrier (2)
state and explain 2 indicators of globalisation/ factors promoting globalisation (4)
distinguish between absolute and comparative advantage (4)
what is meant by MNC (2)
explain why trade as a percentage of GDP may change (4)
analyse the consequences of FDI (4 or 6 marks)
analyse how reduction in trade barriers can increase whorl trade (6)
analyse the effects of international trade (6)
what is meant by protectionism (2)
analyse 2 consequences of globalisation (4 or 6 marks)

Please let me know what you guys think, and should i do this for the other extracts?

Yea I got some bro

Hey guys, I've compiled a list of all the question i think may come up for extract 1 (i've used gconomics, econplusdal, apt and my own little mind)

what is meant by globalisation (2 or 4mrks)
what is meant by FDI (2)
what is meant by trade barrier (2)
state and explain 2 indicators of globalisation/ factors promoting globalisation (4)
distinguish between absolute and comparative advantage (4)
what is meant by MNC (2)
explain why trade as a percentage of GDP may change (4)
analyse the consequences of FDI (4 or 6 marks)
analyse how reduction in trade barriers can increase whorl trade (6)
analyse the effects of international trade (6)
what is meant by protectionism (2)
analyse 2 consequences of globalisation (4 or 6 marks)

Please let me know what you guys think, and should i do this for the other extracts?

Mind Sharing? Finding it hard to revise for transport as I find it soo boring

Yea ok send me ur email

In terms of BOP for extract 2 do I need to revise the financial and capital account too or just the current account?

Yea I got some bro

We're already working on it on Facebook chat and there's a google document being made with all ATP questions you can join if you want.

Could you please send me these?

Thank you so much!

Yo uhkti how do I send loads of photos at once over PM

Extract 2 Likely Questions
for this extract I think you'll need to know what the current account is and what is meant by current account imbalance.

Analyse how china and the USA are dealing with the current account imbalance (6)
Analyse why 'savings from poor countries have flooded into the USA' (6)
Explain/analyse why USA's current account deficit fell during the financial crisis 2008-09 (as shown on fig 2.1) (4 or 6 marks)
*Analyse two reasons why changes in the effective exchange rate failed to have 'their expected impact on the US current account (6) or *Comment on whether weaker exchange rates (like the US' will always rectify current account imbalances in the form of a current account deficit (10) (one of these two will come up I reckon)
Explain why a depreciation is expected to current a current account deficit or surplus (4)
Analyse the economic fundamentals that determine exchange rates (6)
Comment on the case for allowing exchange rates to flow freely (10)

obviously some questions are more like than others

Can I please join the google document? Thank you!

Hey. just gonna do a revision. gonna exclude some q's which i think seem unlikely
1)Explain/analyse why USA's current account deficit fell during the financial crisis 2008-09 (as shown on fig 2.1) (4 or 6 marks)
2)*Analyse two reasons why changes in the effective exchange rate failed to have 'their expected impact on the US current account (6) or *Comment on whether weaker exchange rates (like the US' will always rectify current account imbalances in the form of a current account deficit (10)(one of these two will come up I reckon)
3)Explain why a depreciation is expected to reduce a current account deficit (4)
4)Analyse the economic fundamentals that determine exchange rates (6)
5)Comment on the case for allowing exchange rates to flow freely (10)