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F581/ F582 Economics June 2013 Watch

  • View Poll Results: How hard did we find this exam ?
    so hard i felt like crying through the exam
    13
    12.50%
    very difficult , but one or two were alright
    13
    12.50%
    fairly standard
    33
    31.73%
    quite easy , with one or two hard ones
    35
    33.65%
    so easy i felt like dancing throughout the exam
    10
    9.62%

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    Has exchange rates ever been on the past exams?
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    (Original post by fathimadeen)
    Has exchange rates ever been on the past exams?
    Yes know how to draw a graph on how they are determined. it may come up
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    (Original post by iggyDash)
    Yes know how to draw a graph on how they are determined. it may come up
    Oh okay. Yea I have looked at the graph. Thank you
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    (Original post by wolalala)
    what wold economic instability definition be?
    Don't think there's a definition.
    Government objectives are; stable inflation, balance of payments in surplus, economic growth and full employment. Economic instability would be the opposite of them? :P
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    Could someone please help. In a question like 'Discuss the extent to which supply side policies can be effective in reducing inflation'
    Can you tell me the best from of structure and in the diagram can price only go down and not upwards in AS
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    (Original post by iggyDash)
    Yes know how to draw a graph on how they are determined. it may come up
    How are exchange rates determined?
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    (Original post by cheese94)
    How are exchange rates determined?
    if this question is asked , just draw a demand and supply diagram with an equilibrium point and label the axes correctly. boom.
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    (Original post by Fas)
    if this question is asked , just draw a demand and supply diagram with an equilibrium point and label the axes correctly. boom.
    Thanksss!
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    (Original post by Fas)
    if this question is asked , just draw a demand and supply diagram with an equilibrium point and label the axes correctly. boom.
    That question was on the January 2013 paper, it's unlikely to come up :P
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    (Original post by AtotheT)
    That question was on the January 2013 paper, it's unlikely to come up :P
    aah would of been easy marks
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    (Original post by iggyDash)
    aah would of been easy marks
    I lost my exam timetable, do you know what time the exam is tomorrow?
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    Exams at 9.
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    (Original post by chelseafan)
    Exams at 9.
    cheers, good luck
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    (Original post by AtotheT)
    That question was on the January 2013 paper, it's unlikely to come up :P
    i know haha which is a bit of a shame - but that Jan 2013 paper was a KILLER really glad we're not doing that
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    (Original post by iggyDash)
    here are the list of definition your ment to know according to the spec

    aggregate demand
    aggregate supply
    what is meant by macroeconomic equilibrium in the macro economy
    circular flow of income
    economics growth
    unemployment
    inflation
    the balance of payments
    income redistribution
    economic stability
    infation
    gdp
    real gdp
    fical policy
    monetary policy
    supply side policy
    tarrif
    international trade

    hope this helps
    Hey thx a lot for this!!!! This is very helpful !!!


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    (Original post by johnjoe112)
    Could someone please help. In a question like 'Discuss the extent to which supply side policies can be effective in reducing inflation'
    Can you tell me the best from of structure and in the diagram can price only go down and not upwards in AS
    Hey if you know about this, please let me know too. Cus I've stressing out with this question. Dun really know how to structure this one properly.
    Thanks in advance and good luck for tmr!


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    (Original post by AtotheT)
    Don't think there's a definition.
    Government objectives are; stable inflation, balance of payments in surplus, economic growth and full employment. Economic instability would be the opposite of them? :P
    aha okay , thank you for replying anyways
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    any predictions for the 18 marker?
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    (Original post by Fas)
    i know haha which is a bit of a shame - but that Jan 2013 paper was a KILLER really glad we're not doing that
    Yeah i agree, the essay was A2 like and the question about measuring inflation... i had a vague idea, but nobody revises that!
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    (Original post by AtotheT)
    Yeah i agree, the essay was A2 like and the question about measuring inflation... i had a vague idea, but nobody revises that!
    hahaha yeah for that one i just put down some rubbish about fixed price indexes , CPI and RPI and representative basket of Goods haha and got 2-3 / 5 or something like that lol
 
 
 
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