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    (Original post by Ecconomist)
    Oh okay I'm a bit more confident now. Other than that was fine, except from the last question which I'm really worried about... I analysed two supply side policies overcoming the supply-side constraints and discussed the limitations of each supply side policy before coming to a judgement as to whether supply side policies are the key for promoting economic growth in countries like Zambia. Is this okay or were we meant to talk about demand-side policies and how they may be more effective than supply-side policies in promoting economic growth? If so I'm seriously capped
    I basically did this, quick introduction to Zambia and why supply side policies are needed. Analysed 3 supply side policies and evaluated as I went and then came to a judgement as to what extent they promote economic growth. Didn't mention other forms of policies, just said that they may need to combine policies. Praying you didn't have to mention other policies😭
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    Is this an acceptable point?

    Is this acceptable: the financial crisis started in the US housing market and therefore the fall in US import expenditure may have been greater than the fall in uS export revenue and hence an improvement in the current account
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    (Original post by SilverHorsey)
    trust me! thats one of the reasons im fumingggggggg
    It basically asked why a depreciation in the exchange rate would cause the current account deficit to decrease
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    What policies counted as supply side for the 20 marker?

    I know some people who talked about resource nationalisation and Economic zones
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    (Original post by coolguy123456)
    I did this, should be fine as question didn't mention primary commodities or anything
    thats where you are meant to make reference to the extract and further reading would of told you zambia is main exporter of primary commodites, and primary commodites has an inelastic ped
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    in terms of the first question, i think i messed up from exam stress and wrote that commodity dependence means they need to trade to get other resources due to not being self sufficient and therefore this leads to globalisation and my other one was that due to specialisation countries are more interdependent of each other as they need to trade to obtain each others goods and this is a factor causing globalisation. i just checked my notes and most of the answers are to do with MNC and increased information and transport. Do you reckon i would get any marks for what i have put - all other questions i found fairly easy so i don't think it will effect my grade too much but i just got a bit panicky about this one as its the first question it'll give off an impression
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    (Original post by Ibzzzy)
    What policies counted as supply side for the 20 marker?

    I know some people who talked about resource nationalisation and Economic zones
    deregulation, creation of business banks, spending on infrastructure etc
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    My answer and I reckon many others will be econplusdals. Spoke about benefits of government spending on infrastructure then used diagram showing lras shift. Then spoke about deregulation and economic zones. Finally did a discussion on why there are constraints due to resource nationlisation costs of supply side and other issues like economic zones causing dual economies and only short term use of economic zones would work and therefore fdi might not increase as after the say 5 years of tax breaks it could rise again. There are so many answers to this its a 20 marker so dont be disheartened if noone mentions your answer not everyone will get the same!
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    (Original post by Jermaineog)
    thats where you are meant to make reference to the extract and further reading would of told you zambia is main exporter of primary commodites, and primary commodites has an inelastic ped
    Yeah i agree that Zambia are primary commodity exporters and mentioning a weakening of ToT due to export prices falling (rather than import prices rising) would indicate that it's Zambia's exports that have reduced in price etc. Mark scheme might ask for mention of the words "primary commodities", it may not, i don't know. I just said what i did and my view is that it will allow you to access the marks for analysis so shouldn't be a problem but I may be wrong, just my view.
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    (Original post by sophie_gamon)
    I basically did this, quick introduction to Zambia and why supply side policies are needed. Analysed 3 supply side policies and evaluated as I went and then came to a judgement as to what extent they promote economic growth. Didn't mention other forms of policies, just said that they may need to combine policies. Praying you didn't have to mention other policies😭
    If you look at this Mark scheme for 2013: http://www.ocr.org.uk/Images/176107-...onomy-june.pdf and go to question 3. You can see how for L4 band 2 the requirement is "xyz may not enable ..." and for band 3, the judgement, it says "xyz will not alone.." indicating mentioning alternatives is a judgement and band 3. We should get marks for talking about constraints of SSP hopefully.
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    (Original post by flairs)
    Is this an acceptable point?

    Is this acceptable: the financial crisis started in the US housing market and therefore the fall in US import expenditure may have been greater than the fall in uS export revenue and hence an improvement in the current account
    I used the exact same point, i don't see why they will fault us on this as its a completely valid point and applies economics to real world situations!
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    (Original post by Economistician)
    I did this aswell. At my school there was a split between this and people who were saying you're meant to talk about other, non SS ways to achieve economic growth...
    Apparently they might cap people who did what we done, they have previously capped 'one sided' arguments at 11 marks. If they do, then we're screwed.
    Urm.. Limitations is the other side?
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    (Original post by Marshmallow21)
    The wording of the US current account deficit and exchange rate question confused me. I didn't understand what it was asking for.
    I think it was just asking for what should happen when a currency depreciates and what that is expected to do to the CA for the analysis but then the evaluation is why it didn't happen for the USA using the trends on the diagram -nso like poor quality goods, low demand globally due to financial crisis, marshall lerner, J curve theory etc!
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    (Original post by Economistician)
    I did this aswell. At my school there was a split between this and people who were saying you're meant to talk about other, non SS ways to achieve economic growth...
    Apparently they might cap people who did what we done, they have previously capped 'one sided' arguments at 11 marks. If they do, then we're screwed.
    I think its fine if you say why the policies you suggested won't work as your evaluation? thats what we've been doing all year and the teachers always said it was fine. I just included an alternative of what they could do as well so that i was suggesting other points, like reforming the financial sector
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    For the very first question. I put growth of MNCs and a fall in general prices. is this right?
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    For the essay, I kinda focused on whether or not SS policies are key so my for and against are based more on why they aren't key rather than other examples

    What's the chance of a 10/20 mark cap? Based on what I'm hearing it sounds like it's a high probability but I just wanna be sure.

    Everything else went alright I think
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    (Original post by Leechayy)
    For the essay, I kinda focused on whether or not SS policies are key so my for and against are based more on why they aren't key rather than other examples

    What's the chance of a 10/20 mark cap? Based on what I'm hearing it sounds like it's a high probability but I just wanna be sure.

    Everything else went alright I think
    I reckon you'll be absolutely fine! Don't stress too much, its done now, no changing it! Just focus on Micro on Thursday and smash out revision for it so you can fall back on that if worse comes to worse
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    (Original post by sophie_gamon)
    I basically did this, quick introduction to Zambia and why supply side policies are needed. Analysed 3 supply side policies and evaluated as I went and then came to a judgement as to what extent they promote economic growth. Didn't mention other forms of policies, just said that they may need to combine policies. Praying you didn't have to mention other policies😭
    You done 3? I only done 2... Did you need 3?
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    (Original post by Leechayy)
    For the essay, I kinda focused on whether or not SS policies are key so my for and against are based more on why they aren't key rather than other examples

    What's the chance of a 10/20 mark cap? Based on what I'm hearing it sounds like it's a high probability but I just wanna be sure.

    Everything else went alright I think
    Tbh, you have a possibility of dropping a few marks because A2 macro is so case study based they probably were looking for some real life examples relating to Zambia. But I wouldnt worry about it
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    (Original post by MrCoolVille)
    For the very first question. I put growth of MNCs and a fall in general prices. is this right?
    First one would be right. Not sure about the second one.
 
 
 

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