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**********OFFICIAL OCR ECONOMICS F582 21st MAY 2014 THREAD************ Watch

1. (Original post by Economics736)
1. Short intro involving definitions and brief overview
2. First AO3
3. First AO4
4. Second AO3
5. Second AO4
6. Third AO3
7. Third AO4
8. Judgement and conclusion
(You should have at least two relevant graphs throughout the essay although I would advise more)
How do you do the brief overview, and the two diagrams?
2. What are all calculations needed for f582 ?
3. (Original post by MichelleQarib)
How do you do the brief overview, and the two diagrams?
Put in some ao2 knowledge and give examples about the question.
The diagrams should relate to any of your ao3's or ao4's e.g if I talk about economic growth causing inflation I can show this on a graph with a rise in AD
4. (Original post by studentwiz)
What are all calculations needed for f582 ?
Understanding C+I+G+(X-M) and being able to pick out numbers from the text

unemployment rate and total labour force %
25% = 100 people unemployed
100% = 100x4 = 400 people in labour force

'X accounted for the 29% of the total real GDP' find X.
29% of the total GDP

Finding GDP per capita =Population divided by total GDP

Basic calculations which are less than C Grade GCSE Maths stuff.
5. What do you all think the essay question is going to be on ??
6. (Original post by AsianBeauty)
What do you all think the essay question is going to be on ??
i think the essay question may be about the international trade ?
7. Yhyh how you would reduce a current account deficit ?? So would you talk about protectionism , deflation , fall in exchange rate
8. The 18 marker will probably be on economic growth or inflation? they seem to be really common
9. (Original post by AsianBeauty)
Yhyh how you would reduce a current account deficit ?? So would you talk about protectionism , deflation , fall in exchange rate

10. Anyone
11. (Original post by RebeccaChen)

I'm pretty sure that comparative advantages is just A2 Economics?

There has never actually been an 18 marker on International Trade.

Seems much more likely it will be on fiscal/monetary policy in relation to changes in Aggregate Demand/Aggregate Supply and Unemployment/Inflation/Economic Growth
12. can someone attach last years june 2013 question paper?
13. Do we need to know about Austerity ??
14. (Original post by nitin0896)
can someone attach last years june 2013 question paper?
15. (Original post by AsianBeauty)
Do we need to know about Austerity ??
Nope

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16. Hey everyone not been on this thread yet but I was just confused about whether consumer expenditure includes all goods or just domestically produced goods? Thanks

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17. (Original post by NinjaPandaa)
Hey everyone not been on this thread yet but I was just confused about whether consumer expenditure includes all goods or just domestically produced goods? Thanks

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Domestically produced goods/services, if other goods would classified as imported goods, which instead increase the imports in the AD.

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19. (Original post by May-o2q)
Domestically produced goods/services, if other goods would classified as imported goods, which instead increase the imports in the AD.

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Ah ok so consumption is just domestic goods/service and imports only come under net exports, thanks

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20. (Original post by nitin0896)
can someone attach last years june 2013 question paper?
here you go mate, i've attached the MS too. Enjoy!
F582 Unit 2 Econ OCR June 2013 F582-01Jun13.pdf
Mark Scheme 2013 JuneF582_MS_June13.pdf

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