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

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    http://www.thestudentroom.co.uk/showthread.php?t=3248415

    Click Link for - UNIT 2 F582 2015 exam thread
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    (Original post by umieee)
    Hi, I'm also retaking this year, may you send me a copy too. Thanks
    send me a copy too
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    I made some notes on Unit 1 and Unit 2. Hopefully you find them useful

    Unit 1 Notes:

    http://www.mediafire.com/view/4ait8a...vel_Notes.docx

    Unit 2 Notes:
    http://www.mediafire.com/view/1blv5a...Finished).docx
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    Hi tomixox, do you by any chance have the script of the f582 paper?
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    Anyone have a mark scheme?
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    wasn't too bad, anyone have the unofficial mark scheme, or can share their answers, especially for the essay question?

    thanks!
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    For the question asking about the factors which cause a CA deficit I couldnt think of anything aside from appreciating current so I wrote:
    -Aid giving. I explained this as being where a country gives aid to another and in the manor aid is given it is not intended to be returned back to the giving country. This is a leakage and Current transfers is a component of the current account of balance of payments. As such, if the current transfers is in deficit would that not result in the overall CA also going into deficit?

    How many marks do you think I would get for that point, if any at all, thanks
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    (Original post by BrwnSugR1)
    For the question asking about the factors which cause a CA deficit I couldnt think of anything aside from appreciating current so I wrote:
    -Aid giving. I explained this as being where a country gives aid to another and in the manor aid is given it is not intended to be returned back to the giving country. This is a leakage and Current transfers is a component of the current account of balance of payments. As such, if the current transfers is in deficit would that not result in the overall CA also going into deficit?

    How many marks do you think I would get for that point, if any at all, thanks
    sounds good
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    This was my essay plan -

    Definition of Taxation + Economic growth

    Yes -
    Direct tax - Shift in AD - short term economic growth

    Indirect taxt - Shift in AS - long term economic growth

    However,
    -AD rises faster then AS = inflation
    -Spare capacity, if increase in AD, but not enough factors of production = inflation but no economic growth

    Overall it depends on -
    -Time gap, may take long to take effect
    -Depends on how much tax is reduced, if reduced minimal then no effect
    -Depends on what tax was before, if there's no big of a change = less effect

    What do you guys think I've got out of 18 (praying for atleast 10 or 12 lol)
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    (Original post by Abbas10)
    This was my essay plan -

    Definition of Taxation + Economic growth

    Yes -
    Direct tax - Shift in AD - short term economic growth

    Indirect taxt - Shift in AS - long term economic growth

    However,
    -AD rises faster then AS = inflation
    -Spare capacity, if increase in AD, but not enough factors of production = inflation but no economic growth

    Overall it depends on -
    -Time gap, may take long to take effect
    -Depends on how much tax is reduced, if reduced minimal then no effect
    -Depends on what tax was before, if there's no big of a change = less effect

    What do you guys think I've got out of 18 (praying for atleast 10 or 12 lol)
    Looks like a perfect answer/structure. If you followed that structure and elaborated well on the points you made. I dont see why you cant get near full marks.
 
 
 
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