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    (Original post by jayshah31)
    Sounds like an interesting idea.

    Where did you get this definition from, and how are people actually revising for this? I'm just on TSR now :indiff:
    I have a file open in front of me, a textbook, and also a past paper with mark scheme but I'm not using them. No motivation In a few hours when I realise there's not much time left I'll start cramming.
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    (Original post by Vitamin Sea)
    They were both examples which I made up as I was typing, I just wanted to check whether my method of evaluating was okay because they haven't mention it in the mark schemes.

    Thanks though.
    Fair enough. The mark schemes are more useful as toilet paper half the time, they're of no aid what-so-ever when marking your own essays.

    (Original post by Dan?)
    heh.

    A question. How much are you supposed to write in section A of this paper? I've not really done much practice for them.
    1.25 + 1.75 excluding diagrams.

    (Original post by Stefano46)
    To be honest, I got the reluctant part from some dodgy site lol.
    Guess you're right. This is lil off the topic, look at the countdown lady (Carol Vorderman) last year who refused her pay cut ---> unemployed or as she put it, for "family reasons"


    But then again, that was one person
    --

    Phew. Quote frenzy going here.
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    (Original post by Vitamin Sea)
    If I was talking about the effects of a fiscal deficit and I rant on about how taxes will be raised to reduce the deficit.
    Would the following count as evaluation? On the other, the goverment may be unwilling to raise taxes as it would provide a disincentive to work and could lead to lower productivity and slower economic growth.
    Yes kind of.

    It would be a lot better to talk about how to narrow the gap. Taxes? Raising income tax would discourage some from work (=> loss of output + increase in benefit payout + unpopular move). Excise taxes? Maybe it's better to cut spending rather than increasing revenue. But how? ...
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    (Original post by jayshah31)
    1.25 + 1.75 excluding diagrams.
    3 pages in 45 minutes, fat chance I hate writing so I have no idea why I picked this subject.
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    I have to say I am dreading this paper as have heard it is the worst Economics one so far. Although unit 5 seemed to go alright so maybe I can get a good mark from that and hopefully means I wont have to do as well on this. Anyone know what are the grade boundaries generally like for this paper?
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    There could be something on Public Sector Net Borrowing - according to my teacher who was at the Edexcel conference.
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    (Original post by seby1230)
    I have to say I am dreading this paper as have heard it is the worst Economics one so far. Although unit 5 seemed to go alright so maybe I can get a good mark from that and hopefully means I wont have to do as well on this. Anyone know what are the grade boundaries generally like for this paper?
    hmmm I have heard that unit 4 was the hardest. I don't know though, I find them all hard
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    (Original post by Vitamin Sea)
    There could be something on Public Sector Net Borrowing - according to my teacher who was at the Edexcel conference.
    Who wants to brainstorm the budget deficit and its contents
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    I'd love for international competetiveness to come up! But it came up last year
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    (Original post by Dan?)
    I have a file open in front of me, a textbook, and also a past paper with mark scheme but I'm not using them. No motivation In a few hours when I realise there's not much time left I'll start cramming.
    :sigh:

    That's what I'll to do.

    (Original post by Dan?)
    3 pages in 45 minutes, fat chance I hate writing so I have no idea why I picked this subject.


    What economic history do people know? Like historic inflation/deficits/interest rates across countries?
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    (Original post by Stefano46)
    Who wants to brainstorm the budget deficit and its contents

    Yeah cool lets do it. Budget deficit: gov spending more than they are receiving frm taxes?
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    (Original post by Dan?)
    hmmm I have heard that unit 4 was the hardest. I don't know though, I find them all hard
    Yeh I also find all the economics exam pretty difficult. I have found that unit 4 is the hardest one especially with all the rotten diagrams you have to learn and them giving you so little time to do it but quite a few people have said to me 6 is tough aswell. Will have to see though.

    I do find economics pretty interesting especially with the recession at the moment but I do find it really difficult and the highest I am really aiming for is D to be honest.
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    (Original post by iPod)
    Yeah cool lets do it. Budget deficit: gov spending more than they are receiving frm taxes?
    Yeah.

    Borrowing leads to crowding out.
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    (Original post by Dan?)
    hmmm I have heard that unit 4 was the hardest. I don't know though, I find them all hard
    Unit 4 is definitely the hardest. In January at least, the time they gave us to do the paper was completely inadequate, and all the theory gave me a headache.
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    (Original post by jayshah31)
    Yeah.

    Borrowing leads to crowding out.
    Can lead to higher taxes? eg increased incomes tax, less incentive to work, more benefits gotta be given.
    eval; depends upon magnitude of change eg 1% wont make much difference
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    (Original post by jayshah31)
    Yeah.

    Borrowing leads to crowding out.
    And also interest rate hikes across the board because the government competes with the private sector to finance the debt.
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    I like Economics and I find most people over complicate what they already know which tends to confuse them. Don't go into great depths unless they ask you to, because ultimately the answers are common sense and you've just got to remember to evaluate as you go along.
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    (Original post by seby1230)
    I have to say I am dreading this paper as have heard it is the worst Economics one so far. Although unit 5 seemed to go alright so maybe I can get a good mark from that and hopefully means I wont have to do as well on this. Anyone know what are the grade boundaries generally like for this paper?
    Low, thank God. 58/100 for an A in 2008 I believe, and I think it was 62/100 in 2007.
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    Im going to concentrate on Globalisation, Trade Liberalisation, Trade Blocs inc. EU, International competitiveness, BofP and exchange rate systems. Lets hope I get away with it.
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    If government defecit does come up is it worth mentioning that golden rule that Gordon Brown used to go on about in the answer?
 
 
 

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