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    The savings gap can be shown using the harrod dommar model right?
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    (Original post by aminkaram)
    They haven't changed the structure. It's always been like this. According to one of our teachers who is an examiner they mark essays based on the level criteria not on kaa and evaluation. So the examiner will look to see if you've given the structure for the level 5 answer. Then they will check to make sure all of your points are valid and that you have an intro and conclusion. And then they decide what mark exactly you deserve in that level criteria based on the depth of your response etc...
    But the structure of essays should Definitely be the same. That's what they want to see
    Do you need an introduction and conclusion?


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    (Original post by Farringtonn)
    Do you need an introduction and conclusion?


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    We've been told to always write one. The introduction can get you a knowledge mark and the conclusion can get you evaluation.
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    The value of the US dollar has been declining steadily against other
    currencies since 2002. Examine the possible causes of this decline.

    How would you evaluate this question?
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    Mensures / policies to reduce inequality or poverty?

    Just supply side policies like education training, capital programs ? And basically encouraging trade, FDI things such as AID and debt cancellation in order to allow for these policies in developing countries ? Any other ideas?
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    (Original post by Qmakz)
    Mensures / policies to reduce inequality or poverty?

    Just supply side policies like education training, capital programs ? And basically encouraging trade, FDI things such as AID and debt cancellation in order to allow for these policies in developing countries ? Any other ideas?
    Also higher taxation on rich such as progressive taxation to redistribute income and subside education so that low income families have access ?
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    (Original post by aminkaram)
    The value of the US dollar has been declining steadily against other
    currencies since 2002. Examine the possible causes of this decline.

    How would you evaluate this question?
    What analysis points did you use?
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    (Original post by Qmakz)
    Mensures / policies to reduce inequality or poverty?

    Just supply side policies like education training, capital programs ? And basically encouraging trade, FDI things such as AID and debt cancellation in order to allow for these policies in developing countries ? Any other ideas?
    (Original post by Qmakz)
    Also higher taxation on rich such as progressive taxation to redistribute income and subside education so that low income families have access ?
    Yup pretty much those, taxes and supply side have pretty nice evaluations as well .
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    (Original post by Dilzo999)
    Yup pretty much those, taxes and supply side have pretty nice evaluations as well .
    I always seem to run into you if I remember correctly you may have firmed warwick morse? If so, I have also done that
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    (Original post by Qmakz)
    I always seem to run into you if I remember correctly you may have firmed warwick morse? If so, I have also done that
    You know what they say, great minds think alike . How is unit 4 going for you?
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    When value of currency depreciates why do they export more? If it is more expensive to import dont they just stop importing? Why would they randomly say ok imports are expensive so lets make goods?
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    Also how is the currency depreciation done.
    In questions like june 2013, 1b, are we allowed to talk about supply side and fiscal a lot then evaluate them then do monetary and evaluate that?
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    (Original post by tsrking)
    When value of currency depreciates why do they export more? If it is more expensive to import dont they just stop importing? Why would they randomly say ok imports are expensive so lets make goods?
    Because their exports will seem more attractive to foreigners due to the devalued currency. The country with the low value currency doesn't just stop importing, but domestic goods will become more attractive as the marginal propensity to import reduces.
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    (Original post by tsrking)
    When value of currency depreciates why do they export more? If it is more expensive to import dont they just stop importing? Why would they randomly say ok imports are expensive so lets make goods?
    They export more because their goods are cheaper to other countries. Let's say £1 is $1.50 if the pound goes down the following year to 80p/$1.50 the Americans would want to buy more goods cause they can get more for exactly the same money they did a year ago
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    (Original post by Dilzo999)
    What analysis points did you use?
    I haven't done it. But I was writing a plan for it. Factors were:
    1. Inflation
    2. Interest rates
    3. Competitiveness
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    June 2012, 5e "discuss the view that governments of countries with large budget deficits should take measures to reduce them as quickly as possible" for the life of me I can't understand the mark scheme. Anyone?
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    (Original post by Ff96)
    June 2012, 5e "discuss the view that governments of countries with large budget deficits should take measures to reduce them as quickly as possible" for the life of me I can't understand the mark scheme. Anyone?
    I haven't read the mark scheme but you could possibly talk about:

    • Reduction of large budget deficits could increase confidence and therefore increase investment as a result (This is what the UK is doing to an extent, rather than fiscal stimulus).
    • Accumulating a high amount of debt could lead to inflationary pressures as injections are greater than withdrawals in the circular flow of income.
    • With high levels of government spending that causes large budget deficits, crowding out of the private sector could occur and again reduce investment from businesses.
    • There is an opportunity cost for future generations as they will have to eventually stomach interest payments from the accumulated public sector debt.
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    Hi,

    Can someone pleas explain the Harrod Domar model?
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    What does moral hazard mean?
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    (Original post by Dilzo999)
    You know what they say, great minds think alike . How is unit 4 going for you?
    Haha true that and it's going really well now, I had to do the whole syllabus in a week but I basically did a no life and tortured myself but now I'm really good with it, did a mock yesterday on June 2013 paper for my teacher and got 86% and did another today and got 90%, I'm quite comfortable as I feel I did really well on unit 3, but want that A* especially since the boundaries tend to range from 70-80. What about you? Are you doing D1 M2 S2 fp3 also?
 
 
 
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